Company: MFON
Filing Date: 2025-06-06
Form Type: 10-Q
Source: 0001641172-25-014006
Chunk: 19

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-06-06
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 Total lease assets 
      
    $481,406 

    Liabilities 

    Current 

    Operating lease liabilities 
    Operating lease liabilities 
    $308,984 
  
    Noncurrent 

    Operating lease liabilities 
    Noncurrent operating lease liabilities 
    $278,638 
  
    Total lease liabilities 
      
    $587,622 

    11

The maturity analysis below summarizes the remaining
future undiscounted cash flows for our operating leases, a reconciliation to operating lease liabilities reported on the Condensed Consolidated
Balance Sheet, our weighted-average remaining lease term, and weighted average discount rate:

 Schedule of Lessee, Operating Lease Liability

    Year ending December 31, 

    2025 
    $253,593 
  
    2026 
     344,241 
  
    2027 
     28,733 
  
    2028 
     — 
  
    2029 
     — 
  
    Thereafter 
     — 
  
    Total future lease payments 
     626,567 
  
    Less: imputed interest 
     (38,945)
  
    Total 
    $587,622 

Schedule
of Lease Cost

    Weighted Average Remaining Lease Term (years) 

    Operating leases 
     1.83 

    Weighted Average Discount Rate 

    Operating leases 
     6.75%

7. Notes Payable and Interest Expense

The following table presents details of our notes
payable as of March 31, 2025 and December 31, 2024:

Schedule
of Debt 

    Facility 
    Maturity 
    Interest Rate  
    Balance at March 31, 2025  
    Balance at December 31, 2024 
  
    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 Notes 
    various 
     15% 
     9,100,000  
     8,850,000 
  
    Convertible Notes 
    June 30,2026 
     8