Company: SONM
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001641172-25-022821
Chunk: 47

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 47
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 been no material changes to our material cash requirements from those disclosed in our Annual Report on Form 10-K for the year ended
December 31, 2024.

28

Critical
Accounting Policies and Estimates

Our
discussion and analysis of financial condition and results of operations is based upon our condensed consolidated financial statements,
which have been prepared in conformity with accounting principles generally accepted in the United States of America. Certain accounting
policies and estimates are particularly important to the understanding of our financial position and results of operations and require
the application of significant judgment by our management or can be materially affected by changes from period to period in economic
factors or conditions that are outside of our control. As a result, they are subject to an inherent degree of uncertainty. In applying
these policies, our management uses their judgment to determine the appropriate assumptions to be used in the determination of certain
estimates. Those estimates are based on our historical operations, our future business plans and projected financial results, the terms
of existing contracts, our observance of trends in the industry, information provided by our customers and information available from
other outside sources, as appropriate.

A
description of our critical accounting policies that represent the more significant judgments and estimates used in the preparation of
our consolidated financial statements was provided in the Management’s Discussion and Analysis of Financial Condition and Results
of Operations section of our Annual Report on Form 10-K for the year ended December 31, 2024. There have been no changes to our critical
accounting policies and estimates described in the Annual Report on Form 10-K for the year ended December 31, 2024, that have had a material
impact on our condensed consolidated financial statements and related notes.

Segment
Information

We
have one business activity and operate in one reportable segment.

Item
3. Quantitative and Qualitative Disclosures About Market Risk

We
are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this
item.

Item
4. Controls and Procedures.

Evaluation
of Disclosure Controls and Procedures

Our
management, with the participation of our principal executive officer and principal financial officer, has evaluated the effectiveness
of our disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) promulgated under the Exchange Act, prior to filing
this Quarterly Report on Form 10-Q. Based on this evaluation, our principal executive and principal financial