Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 155

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1
Chunk 155
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 financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of
the critical audit matter does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by
communicating the critical audit matter below, providing separate opinions on the critical audit matter or on the accounts or
disclosures to which it relates.

Revenue
Recognition

As
discussed in note 2 to the financial statements, the Company recognizes revenue upon transfer of control of promised services to
customers in an amount that reflects the consideration the Company expects to receive in exchange for those products or
services.

Auditing
management’s evaluation of agreements with customers involves significant judgment, given the fact that some agreements require
management’s evaluation and allocation of the standalone transaction prices to the performance obligations.

To
evaluate the appropriateness and accuracy of the assessment by management, we evaluated management’s assessment in relationship
to the relevant agreements.

/s/
M&K CPAS, PLLC

We
have served as the Company’s auditor since 2012.

The
Woodlands, TX

April
7, 2025

Firm ID 2738

-21-

Mobivity
Holdings Corp.

Consolidated
Balance Sheets

    December 31,  
    December 31, 

    2024  
    2023 
  
    ASSETS 

    Current assets 

    Cash 
    $1,261,240  
    $316,395 
  
    Restricted Cash 
     134,743  
     100,000 
  
    Accounts receivable, net of allowance for doubtful accounts of $44,752 and $16,107, respectively 
     142,766  
     155,854 
  
    Current assets from discontinued operations 
     214,779  
     720,611 
  
    Other current assets 
     178,336  
     135,916 
  
    Total current assets 
     1,931,864  
     1,428,776 
  
    Right to use lease assets 
     541,618  
     770,623 
  
    Intangible assets, net 
     55,689  
     65,916 
  
    Fixed Assets 
     29,265  
     69,036 
  
    TOTAL ASSETS 
    $2,558,436  
    $2