Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 177

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1
Chunk 177
---
  
     8,402,154 
  
    Less Total Debt Discount 

     (1,534,558) 
     (642,554)
  
    Total Debt 

     13,710,442  
     7,759,600 
  
    Less current portion 

     (2,315,703) 
     (3,079,654)
  
    Long-term debt, net of current portion 

    $11,394,739  
    $4,679,946 

Principal
payments on notes payables are due as follows:

 Schedule
of Principal Payments on Notes Payable

    Year ending December 31, 
    Amount 
  
    2025 
    $2,315,703 
  
    2026 
     3,072,500 
  
    2027 
     3,006,797 
  
    2028 
     6,850,000 
  
    2029 
     — 
  
    Thereafter 
     — 
  
    Total future debt payments 
     15,245,000 

ACOA
Note

On
November 6, 2017, Livelenz, entered into an amendment of the original agreement dated December 2, 2014 with the Atlantic Canada Opportunities
Agency (“ACOA”). Under this agreement the note will mature without interest and repayments began on June 1, 2016, while the
commitments terminated on February 1, 2024. The monthly principal payment amount of $3,000 CAD increased to $3,500 CAD beginning on November
1, 2019, and increased to $4,000 CAD on August 1, 2021, $4,500 CAD on August 1, 2022 and $2,215 CAD for the remaining term of the agreement.

During
the twelve months ended December 31, 2024 $7,035USD in principle was paid toward the ACOA loan. The final payment was made on February
28, 2024 and the loan is paid in full.

    -33-

Related
Party Notes

Secured
Promissory Notes

On
June 30, 2021, we entered into a Credit Facility Agreement (the “Credit Agreement”) with Thomas Akin, one of the Company’s
directors (the “Lender”). The Credit Agreement was amended on November 11