Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 552

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 2
Chunk 552
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 of $14,489 and $36,327,
respectively, which is included in depreciation and amortization in the consolidated statement of operations.

During
the years ended December 31, 2024 and 2023, we recorded impairment of $0 and $0 respectively related to our intangible assets.

The
estimated future amortization expense of our intangible assets as of December 31, 2024 was as follows:

Schedule of Finite Lived Intangible Assets Future Amortization Expense 

    Year ending December 31, 
    Amount 
  
    2025 
    $7,246 
  
    2026 
     7,246 
  
    2027 
     7,246 
  
    2028 
     7,246 
  
    2029 
     7,246 
  
    Thereafter 
     19,459 
  
    Total 
    $55,689 

6.
Software Development Costs

The
Company has capitalized certain costs for software developed or obtained for internal use during the application development stage as
it relates to specific contracts. The amounts capitalized include external direct costs of services used in developing internal-use software
and for payroll and payroll-related costs of employees directly associated with the development activities. The balance is included in
the net intangible assets on the balance sheet.

The
following table presents details of our software development costs for the years ended December 31, 2024 and 2023:

 Schedule of Software Development Costs

    December 31, 2024  
    December 31, 2023 
  
    Gross Carrying Amount  
    Accumulated Amortization  
    Net Carrying Amount  
    Weighted Average Useful Life (Years)  
    Gross Carrying Amount  
    Accumulated Amortization  
    Net Carrying Amount  
    Weighted Average Useful Life (Years) 
  
    $2,578,611  
    $(2,578,611) 
    $—  
     —  
    $2,578,611  
    $(2,574,105) 
    $4,506  
     1 
  
    $2,578,611  
    $(2,578,611) 
    $—  
        
    $2,578,611  
    $(2,574,105) 
    $4,506  

Software
development costs are