Company: MFON
Filing Date: 2025-06-06
Form Type: 10-Q
Source: 0001641172-25-014006
Chunk: 17

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-06-06
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 has incurred net losses from operations resulting in an accumulated deficit of $142.8 million as of March 31, 2025. Further
losses are anticipated in the development of the Company’s business raising substantial doubt about the Company’s ability
to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations
in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business
operations when they come due. Management intends to finance operating costs over the next 12 months with proceeds from the sale of securities,
and/or revenues from operations. These financial statements do not include any adjustments relating to the recoverability and classification
of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

    9

5. Intangibles

Intangible assets

The following table presents details of our purchased
intangible assets as of March 31, 2025 and December 31, 2024:

 Schedule
of Intangible Assets

    Balance at December 31, 2024  
    Additions  
    Impairments  
    Amortization  
    Foreign Exchange and Other  
    Balance at March 31, 2025 
  
    Patents and trademarks 
    $55,689  
    $—  
    $—  
    $(1,811) 
    $—  
    $53,878 
  
    Customer and merchant relationships 
     —  
     —  
     —  
    $—  
     —  
     — 
  
    Trade names 
     —  
     —  
     —  
    $—  
     —  
     — 

    $55,689  
    $—  
    $—  
    $(1,811) 
    $—  
    $53,878 

The intangible assets are being amortized on a straight-line
basis over their estimated useful lives of one year to twenty years.

Amortization expense for intangible assets was $1,811
and $9,192 for the three months ended March 31, 2025 and 2024, respectively, and is included in depreciation and amortization on the
accompanying unaudited condensed consolidated statements of operations and comprehensive loss.

The estimated future amortization expense of our intangible
assets