Mobivity Holdings Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Deficit) (Tables)

Stockholders' Equity (Deficit) (Tables)

12 Months Ended

Dec. 31, 2012

A summary of option activity under the 2010 Plan from December 31, 2010 to December 31, 2012 is presented below:

					Weighted -
			Weighted -		Average
			Average		Remaining		Aggregate
	Number		Exercise Price		Contractual		Intrinsic
	Outstanding		Per Share		Life (Years)		Value
Outstanding at December 31, 2010		1,015,000	$	0.32		4.73
Granted		645,000	$	1.50		7.35
Exercised		-	$	-		-
Canceled/forfeited/expired		(50,000)	$	1.60		4.04
Outstanding at December 31, 2011		1,610,000	$	0.82		5.12	$	1,240,000
Granted		682,500	$	0.56		4.53
Exercised		-	$	-		-
Canceled/forfeited/expired		(337,500)	$	0.58		3.15
Outstanding at December 31, 2012		1,955,000	$	0.77		4.44	$	-

Options vested and exercisable at December 31, 2012		556,452	$	0.77		4.06	$	-

Unrecognized expense at December 31, 2012	$	768,502

Total number of shares vested and the fair value of shares vested

The total number of shares vested and the fair value of shares vested for the years ended December 31, 2012 and 2011, respectively, was:

	Number of Options Vested		Fair Value of Options Vested
Fair value of options vested during the year ended December 31, 2012		368,952	$	195,366
Fair value of options vested during the year ended December 31, 2011		253,750	$	36,113

Options outstanding

The following table summarizes information concerning options outstanding at December 31, 2012:

Awards Breakdown by Range as at December 31, 2012
		Outstanding						Vested
Exercise Price		Outstanding Stock Options		Weighted Average Remaining Contractual Life		Weighted Average Outstanding Exercise Price		Vested Stock Options		Weighted Average Remaining Vested Contractual Life		Weighted Average Vested Stock Price
$	0.32 to $0.69		1,410,000		3.71	$	0.43		374,997		2.98	$	0.32
$	1.16 to $1.80		545,000		6.33	$	1.66		181,455		6.30	$	1.69

The following table summarizes information concerning options outstanding at December 31, 2011:

Awards Breakdown by Range as at December 31, 2011
		Outstanding						Vested
Exercise Price		Outstanding Stock Options		Weighted Average Remaining Contractual Life		Weighted Average Outstanding Exercise Price		Vested Stock Options		Weighted Average Remaining Vested Contractual Life		Weighted Average Vested Stock Price
$	0.32		1,015,000		3.98	$	0.32		253,750		3.98	$	0.32
$	1.30 to $1.80		595,000		7.08	$	1.68		-		-	$	-

Employee options valuation assumptions

The ranges of assumptions used during the years ended December 31, 2012 and 2011 are as follows:

	Stock Option Assumptions for the years ended December 31,
	2012	2011
Expected volatility	61.0% to 73.4%	60.0% to 65.0%
Risk-free interest rate	0.39% to 0.57%	0.62% to 2.31%
Forfeiture rate	0.0%	0.0%
Expected dividend rate	0.0%	0.0%
Expected life(years)	2.86 to 3.58	3.00 to 6.00

Weighted average grant date fair value activity

The following table summarizes weighted average grant date fair value activity:

	Weighted Average
	Grant Date Fair Value
	2012		2011
Stock options granted during the year ended December 31,	$	0.27	$	0.84
Stock options vested during the year ended December 31,	$	0.53	$	0.14
Stock options canceled/forfeited/expired during the year ended December 31,	$	0.26	$	1.78

Non-employee warrant valuation assumptions

A summary of non-employee warrant activity during the years ended December 31, 2012 and 2011 is presented below:

					Weighted -
			Weighted -		Average
			Average		Remaining
	Number		Exercise Price		Contractual
	Outstanding		Per Share		Life (Years)
Outstanding at December 31, 2010		793,750	$	0.32		4.73
Granted		205,000	$	1.50		7.35
Exercised		-	$	-		-
Canceled/forfeited/expired		(93,750)	$	1.60		4.04
Outstanding at December 31, 2011		905,000	$	0.33		5.12
Granted		25,000	$	1.16		4.09
Exercised		-	$	-		-
Canceled/forfeited/expired		(25,000)	$	1.16		4.09
Outstanding at December 31, 2012		905,000	$	0.33		4.10

Warrants vested and exercisable at December 31, 2012		623,014	$	0.33		3.76

Warrants outstanding

The following table summarizes information concerning warrants outstanding at December 31, 2012:

		Outstanding						Vested
Exercise Price		Outstanding Warrants		Weighted Average Remaining Contractual Life		Weighted Average Outstanding Exercise Price		Vested Warrants		Weighted Average Remaining Vested Contractual Life		Weighted Average Vested Stock Price
$	0.32		900,000		4.10	$	0.32		620,827		3.76	$	0.32
$	1.75		5,000		3.52	$	1.75		2,187		3.52	$	1.75

The following table summarizes information concerning warrants outstanding at December 31, 2011:

Awards Breakdown by Range as at December 31, 2011
		Outstanding						Vested
Exercise Price		Outstanding Warrants		Weighted Average Remaining Contractual Life		Weighted Average Outstanding Exercise Price		Vested Warrants		Weighted Average Remaining Vested Contractual Life		Weighted Average Vested Stock Price
$	0.32		900,000		5.11	$	0.32		349,997		3.98	$	0.32
$	1.75		5,000		4.52	$	1.75		-		-	$	-

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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