Company: MFON
Filing Date: 2025-06-06
Form Type: 10-Q
Source: 0001641172-25-014006
Chunk: 80

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-06-06
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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 little or no market data, which requires us to develop our own assumptions. This hierarchy
requires companies to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair
value. On a recurring basis, we measure certain financial assets and liabilities at fair value.

The following table presents assets that are measured
and recognized at fair value as of March 31, 2025 on a recurring and non-recurring basis:

 Schedule of Fair Value Measurements Recurring and Nonrecurring

    Description 
    Level 1  
    Level 2  
    Level 3  
    Gains (Losses) 
  
    Goodwill (non-recurring) 
    $—  
    $—  
    $—  
    $— 
  
    Intangibles, net (non-recurring) 
    $—  
    $—  
    $53,878  
    $— 

The following table presents assets that are measured
and recognized at fair value as of December 31, 2024 on a recurring and non-recurring basis:

    Description 
    Level 1  
    Level 2  
    Level 3  
    Gains (Losses) 
  
    Goodwill (non-recurring) 
    $—  
    $—  
    $—  
    $— 
  
    Intangibles, net (non-recurring) 
    $—  
    $—  
    $55,689  
    $— 

10. Commitments and Contingencies

Litigation

As of the date of this report, the company has
one pending legal proceeding related to alleged violations of the TCPA (Telephone Consumer Protection Act) Violation. This
proceeding is a putative class action complaint alleging that Defendant initiated telephone solicitations through text messages in
violation of the Telephone Consumer Protection Act, 47 U.S.C § 227 et al. (“TCPA”). We are unable to determine at
this time whether it may result in a “material” exposure as defined. 

In addition, a settlement was reached in a previously active TCPA case,
a putative class action complaint alleging that Defendant initiated telephone solicitations through text messages to Plaintiff and members
of a putative class in violation of the TCPA. A settlement was reached and a settlement loss of $2,500 was accrued during the 3 months ended March 31,