Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 996

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 8
Chunk 996
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14, 2024, the Company granted one employee 10,000 options to purchase shares of the Company’s common stock at the closing
price as of August 14, 2024 of $0.502 per share. The option shares will vest 25% immediately, then equally in 36 monthly installments
thereafter, and are exercisable until August 14, 2034. The total estimated value using the Black-Scholes Model, based on a volatility
rate of 73.63% and an option fair value of $0.0724 was $724.

During
the twelve months ended December 31, 2024 we had a total stock-based compensation expense of $865,307 this is comprised of $324,998 in
restricted stock unit compensation expense, and $540,309 of stock-based compensation expense for employee options.

Stock-based
Compensation Expense

The
impact on our results of operations of recording stock-based compensation expense for the 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 
    $(32,580) 
    $161,593 
  
    Sales and marketing 
     406,344  
     359,253 
  
    Engineering, research, and development 
     166,545  
     170,828 
  
    Total 
    $540,309  
    $691,674 

In 2023, two executives left the company, followed by another in January 2024. Their stock options represented 73%
of the company’s stock-based expenses for 2023. Due to the forfeiture of unvested amortized expenses in 2024, the company recorded
a $32,580 gain in G&A stock-based amortized expense for the year.

As
of December 31, 2024, there was approximately $1,159,772 of unearned stock-based compensation that will be expensed from 2024 through
2028. If there are any modifications or cancellations of the underlying unvested awards, we may be required to accelerate, increase or
cancel all or a portion of the remaining unearned stock-based compensation expense. Future unearned stock-based compensation will increase
to the extent we grant additional