Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 365

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1B
Chunk 365
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    $720,611 

    Total Assets 
    $214,779  
    $720,611 

The
following table provides details about the major classes of line items constituting “Income (loss) from discontinued operations”
as presented on the Company’s Consolidated Statements of Loss:

    Twelve Months Ended  
    Twelve Months Ended 

    December 31,  
    December 31, 

    Revenue 

    Revenue 
    $3,640,455  
    $5,910,028 
  
    Cost of Revenue 
     2,585,997  
     4,353,744 
  
    Gross Profit 
     1,054,458  
     1,556,284 

    Operating Expenses 

    Bad Debt 
     89,121  
     (7,119)
  
    General and Administrative 
    1,369,545  
     2,205,362 
  
    Sales and Marketing 
     296,403  
     555,652 
  
    Engineering, Research and Development 
     356,368  
     417,444 
  
    Total Operating Expenses 
     2,111,437  
     3,171,339 
  
    Loss on Operations 
     (1,056,979) 
     (1,615,055)

    Other Income (Expense) 

    Foreign currency loss 
     (18) 
     (3)
  
    Total Other Income (Expense) 
     (18) 
     (3)

    Net Loss from Discontinued Operations 
    $(1,056,997) 
    $(1,615,058)

The
Company’s execution of the Asset Purchase Agreement has met the criteria to be reported as discontinued operations. In accordance
with GAAP, assets and liabilities of discontinued operations are presented separately in the Consolidated Balance Sheets, and results
of discontinued operations are reported as a separate component of Consolidated net loss in the Consolidated Statements of Loss, for
all periods presented, resulting in changes to the presentation of certain prior period amounts. Cash flows from discontinued operations
are reported separately in the Consolidated Statements of Cash Flows. The assets and liabilities of discontinued operations are presented
separately in the Consolidated Balance Sheets for all periods presented.

4.
Going Concern

We
have $1,261,240 of cash as of December