Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 353

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 353
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iation and amortization expense of property and equipment for the years ended December 31, 2024, and 2023, was $58 and $47, respectively.

Accrued liabilities consisted of the following:

Schedule of Accrued Expenses

|                                  |     | December 31, 
 2024         |   2024 |     | 2023 |   2023 |
|:---------------------------------|:----|:-------------|-------:|:----|:-----|-------:|
| Customer allowances              |     | $            | 11,421 |     | $    |  8,148 |
| Contract fulfillment liabilities |     |              |  2,939 |     |      |    568 |
| Employee-related liabilities     |     |              |  2,247 |     |      |  1,755 |
| Other                            |     |              |  4,285 |     |      |  1,762 |
| Accrued liabilities              |     | $            | 20,892 |     | $    | 12,233 |

| F-38 |

NOTE 5—Accounts Receivable

The following table presents the components of the Company’s accounts receivable, net:

Schedule of Accounts Receivable

| Trade receivables           
 Allowance for credit losses |     | 2024         
 December 31, 
 2024         |  6,906 
 (2,567 | ) |     | 2023 
 2023 | 25,576 
   (272 | ) |
|:----------------------------|:----|:-------------|-------:|:--|:----|:-----|-------:|:--|
| Total accounts receivable   |     | $            |  4,339 |   |     | $    | 25,304 |   |

As of January 1, 2023, accounts receivable, net, was $22,433 and non-trade receivables was $2,269.

The Company has non-trade receivables from manufacturing vendors resulting from the sale of components to the vendors who manufacture and assemble final products for the Company.

The Company determines the probability of default for each pool of receivables with similar risk characteristics. The probability of loss is applied to the value of the receivables and an allowance for potential credit losses is recorded with the offset to credit loss expense.

The following table displays the roll forward of the allowance for