Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 386

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1B
Chunk 386
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 to occur of (A) December 31, 2027,
(B) a change in control of the Company, and (C) the termination of the director’s service with the Company.

In
the twelve months ended December 31, 2024, the company recorded $324,998 in restricted stock units as board compensation.

    -40-

Restricted
Stock Unit Compensation Expense

The
impact on our results of operations of recording stock-based compensation expense for years ended December 31, 2024 and 2023 was as follows:

 Schedule
of Stock-based Compensation Expense

    2024  
    2023 

    Years Ended 

    December 31, 

    2024  
    2023 
  
    General and administrative 
    $324,998  
    $260,007 
  
    Sales and Marketing 
     —  
     — 
  
    Total 
    $324,998  
    $260,007 

10.
Warrants to Purchase Common Stock

The
following table summarizes investor warrant activity as of and for the years ended December 31, 2024 and 2023:

 Schedule
of Investor Warrants

    Shares  
    Weighted Average Exercise Price  
    Weighted Average Remaining Contractual Term (Years) 
  
    Outstanding at December 31, 2022 
     6,147,898  
    $1.45  
     2.27 
  
    Granted 
     9,563,787  
    $0.95  
     1.66 
  
    Exercised 
     (5,548,463) 
    $1.59  
     — 
  
    Outstanding at December 31, 2023 
     10,163,222  
    $0.94  
     2.48 
  
    Granted 
     11,458,324  
    $0.60  
     2.45 
  
    Expired 
     (20,339) 
    $1.48  
     — 
  
    Outstanding at December 31, 2024 
     21,601,207  
    $0.75  
     2.00 
  
    Exercisable at December 31, 2024 
     21,601,207  
    $0.75