Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 125

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1
Chunk 125
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 2023 two customers accounted for 57% and 55% of our revenues, respectively

.

Seasonality

Our
business, as is typical of companies in our industry, is highly seasonal. This is primarily due to traditional marketing and advertising
spending being heaviest during the holiday season, while brands, advertising agencies, mobile operators and media companies often close
out annual budgets towards the end of the calendar year. Seasonal trends have historically contributed to, and we anticipate, will continue
to contribute to fluctuations in our quarterly results, including fluctuations in sequential revenue growth rates.

Intellectual
Property

We
regard the protection of our developed technologies and intellectual property rights as an important element of our business operations
and crucial to our success. We rely primarily on a combination of patent laws, trademark laws, copyright laws, trade secrets, confidentiality
procedures and contractual provisions to protect our proprietary technology. We require our employees, consultants and advisors to enter
into confidentiality agreements. These agreements provide that all confidential information developed or made known to the individual
during the course of the individual’s relationship with us is to be kept confidential and not disclosed to third parties except
under specific circumstances. In the case of our employees, the agreements provide that all of the technology which is conceived by the
individual during the course of employment is our exclusive property. The development of our technology and many of our processes are
dependent upon the knowledge, experience and skills of key scientific and technical personnel.

As
of the date of this report we own eight patents. U.S. Patent numbers 7,991,388 B1 and 8,244,216 B1 were issued on
August 2, 2011 and August 14, 2012, respectively. These patents cover a geo-bio-metric personal identification number, a service
that authenticates a user from a feature phone or smart phone using a number of mobile attainable attributes: geolocation, facial
image, accelerometer (which measures the physical orientation or movement of the device itself), and text messaging. The purpose of
the geo-bio-metric PIN service is to authenticate a user while verifying the following: the user is currently using his or her other
phone; the user is at the location that their phone is at; the user is not at another location and using their phone through a
proxy; and an impostor is not using the phone. These patents will expire in May of 2031.

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U.S.
Patent numbers