Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 985

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 8
Chunk 985
---
    ACOA Note 
    February 1, 2024 
     0% 
     —  
     7,154 
  
    Related Party Unsecured Promissory Note - Principal 
    July 31, 2026 
     15% 
     271,875  
     271,875 
  
    Related Party Secured Promissory Note 
    March 31, 2027 
     15% 
     5,873,125  
     5,873,125 
  
    Related Party Convertible Note 
    Various 
     8% 
     8,850,000  
     2,000,000 
  
    Convertible Notes 
    Various 
     8% 
     250,000  
     250,000 
  
    Total Notes Payable Principal 

     15,245,000  
     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