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

Income Taxes (Tables)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

For the years ended December 31, 2013 and 2012 the provisions for income taxes were as follows:

	2013		2012
Federal – current	$	-		$	-
State – current		-			-
Total	$	-		$	-

Net deferred tax assets and liabilities

Significant components of our net deferred tax assets and liabilities as of December 31, 2013 and 2012 are as follows:

	2013			2012
Deferred tax assets (liabilities):
Net operating loss carryforwards	$	6,283,000		$	4,681,000
Stock based compensation		1,735,000			940,000
Accrued compensation		31,000			70,000
Derivative Liability		42,000			634,000
Depreciation and amortization		5,099,000			4,816,000
Other		10,000			12,000
Total deferred tax assets		13,200,000			11,153,000
Valuation allowance for net deferred tax assets		(13,200,000	)		(11,153,000	)
Total	$	-		$	-

Reconciliation of federal statutory income tax rate to our effective income tax rate

The difference between the provision for income taxes and income taxes computed using the U.S. federal income tax rate for the years ended December 31, 2013 and 2012 was as follows:

	2013			2012

Computed "expected tax expense	$	(5,698,000	)	$	(2,495,000	)
State taxes, net of federal benefit		(300,000	)		(155,000	)
Other		3,951,000			1,288,000
Change in valuation allowance		2,047,000			1,362,000
Total	$	-		$	-