Mobivity Holdings Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stockholders’ Equity (Deficit) (Tables)

Stockholders’ Equity (Deficit) (Tables)

3 Months Ended

Mar. 31, 2014

The following table summarizes stock option activity for the three months ended March 31, 2014:

	Options
Outstanding at December 31, 2013		5,672,464
Granted		180,000
Exercised		-
Canceled/forfeited/expired		(79,637	)
Outstanding at March 31, 2014		5,772,827

Stock-Based Compensation Expense

The impact on our results of operations of recording stock-based compensation expense for the three months ended March 31, 2014 and 2013 was as follows:

	Three months ended March 31,
	2014		2013

General and administrative	$	278,899	$	84,902
Sales and marketing		41,364		7,618
Engineering, research, and development		(4,884)		982
	$	317,351	$	93,502

Valuation Assumptions

An independent valuation expert calculated the fair value of each stock option award on the date of grant using the Black-Scholes option pricing model. The following weighted average assumptions were used for the three months ended March 31, 2014 and 2013.

	Three months ended March 31,
	2014			2013
Risk-free interest rate		1.89	%		0.43	%
Expected life (years)		6.08			2.82
Expected dividend yield		0	%		0	%
Expected volatility		132.0	%		122.0	%

Summary of non-employee warrant activity

A summary of non-employee warrant activity under the 2010 Plan from December 31, 2013 to March 31, 2014 is presented below:

	Number
	Outstanding
Outstanding at December 31, 2013		150, 556
Granted		-
Exercised		-
Canceled/forfeited/expired		(555	)
Outstanding at March 31, 2014		150,001

- Definition

Tabular disclosure of an equity-based arrangement (such as stock or unit options and stock or unit awards) with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain equity-based awards at future dates, sometimes including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares or units issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

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