Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 1004

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 8
Chunk 1004
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, 2024 and 2023 are as follows:

 Schedule
of Deferred Tax Assets and Liabilities

    2024  
    2023 
  
    Deferred tax assets (liabilities): 

    Net operating loss carryforwards 
    $18,867,000  
    $14,597,000 
  
    Stock based compensation 
     5,717,000  
     5,747,000 
  
    Accrued compensation 
     57,000  
     235,000 
  
    Depreciation and amortization 
     1,683,000  
     2,675,000 
  
    Other 
     —  
     — 
  
    Total deferred tax assets 
     26,324,000  
     23,254,000 
  
    Valuation allowance for net deferred tax assets 
     (26,324,000) 
     (23,254,000)
  
    Total 
    $—  
    $— 

The
Company has provided a valuation allowance against deferred tax assets recorded as of December 31, 2024 and 2023 due to uncertainties
regarding the realization of such assets.

The
net change in the total valuation allowance for the year ended December 31, 2024 was an increase of approximately $3,070,000. The net
change in the total valuation allowance for the year ended December 31, 2023 was an increase of approximately $4,854,000. In assessing
the valuation of deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred
tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income
during periods in which those temporary differences become deductible. The Company considers projected future taxable income and planning
strategies in making this assessment. Based on the level of historical operating results and projections for the taxable income for the
future, the Company has determined that it is more likely than not that the deferred tax assets will not be realized. Accordingly, the
Company has recorded a valuation allowance to reduce deferred tax assets to zero. There can be no assurance that the Company will ever
be able to realize the benefit of some or all of the federal and state loss carryforwards, either due to ongoing operating losses or
due to ownership changes, which limit the usefulness of the loss carry