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

Annual report pursuant to Section 13 and 15(d)

Stock-based Plans and Stock-based Compensation (Tables)

Stock-based Plans and Stock-based Compensation (Tables)

12 Months Ended

Dec. 31, 2013

Stock-Based Plans And Stock-Based Compensation Tables

The following table summarizes stock option activity under our stock-based plans as of and for the year ended December 31, 2013:

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value

Outstanding at December 31, 2011		268,333		$	4.92		5.12	$	1,240,000
Granted		113,750		$	3.36		4.53
Exercised		-		$	-		-
Canceled/forfeited/expired		(56,250	)	$	3.48		3.15
Outstanding at December 31, 2012		325,833		$	4.62		4.44	$
Granted		5,473,705		$	1.98
Exercised		-		$	-
Canceled/forfeited/expired		(127,097	)	$	4.06
Outstanding at December 31, 2013		5,672,464		$	2.08		9.17	$	415,259
Expected to vest at December 31, 2013		2,644,882		$	2.21		8.82	$	181,501
Exercisable at December 31, 2013		1,021,191		$	2.25		8.31	$	79,421
Unrecognized expense at December 31, 2013	$	3,074,119

Stock-based compensation expense

The impact on our results of operations of recording stock-based compensation expense for years ended December 31, 2013 and 2012 was as follows:

	Years ended December 31,
	2013		2012

General and administrative	$	895,903	$	335,160
Sales and marketing		976,341		43,250
Engineering, research, and development		17,972		13,000
	$	1,890,216	$	391,410

Schedule of range of assumptions

We calculated the fair value of each stock option award on the date of grant using the Black-Scholes option pricing model. The ranges of assumptions were used for the years ended December 31, 2013 and 2012:

	Years ended December 31,
	2013	2012
Risk-free interest rate	0.60% to 1.03%	0.39% to 0.57%
Expected life (years)	3.58 to 5.27	2.86 to 3.58
Dividend yield	0%	0%
Expected volatility	122.0% to 132.0%	61.0% to 73.4%