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

Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
Consolidated Statements of Cash Flows (USD $)	Dec. 31, 2014	Dec. 31, 2013
OPERATING ACTIVITIES
Net loss	$ (10,440,764)us-gaap_NetIncomeLoss	$ (16,759,031)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Bad debt expense	4,514MFON_BadDebtExpense	32,858MFON_BadDebtExpense
Common stock and warrants issued for services	529,427	106,138
Stock-based compensation	1,933,335us-gaap_ShareBasedCompensation	1,890,216us-gaap_ShareBasedCompensation
Depreciation and amortization expense	416,435us-gaap_DepreciationAndAmortization	270,579us-gaap_DepreciationAndAmortization
Loss (Gain) on adjustment in contingent consideration	(1,492,000)	28,465
Loss on disposal of assets	680us-gaap_GainLossOnDispositionOfAssets
Gain on debt extinguishment	(36,943)MFON_GainsLossesOnExtinguishmentOfDebt1
Change in fair value of derivative liabilities	(63,517)	3,766,231
Amortization of note discounts		6,134,367
Goodwill impairment	4,078,693us-gaap_GoodwillImpairmentLoss	1,066,068us-gaap_GoodwillImpairmentLoss
Intangible asset impairment	961,436	644,170
Increase (decrease) in cash resulting from changes in:
Accounts receivable	58,883	128,613
Other current assets	30,268	(104,605)
Other assets	(1,835)	27,300
Accounts payable	(131,098)	(17,521)
Accrued interest		65,361
Accrued and deferred personnel compensation	(5,827)	(71,493)
Deferred revenue - related party		(35,262)MFON_DeferredRevenueRelatedParty1
Deferred revenue and customer deposits	(147,142)	(45,208)
Other liabilities	7,153	(76,134)
Net cash used in operating activities	(4,298,302)	(2,948,888)
INVESTING ACTIVITIES
Purchases of equipment	(35,264)	(51,285)
Acquisition of intangible assets		(15,000)
Acquisitions	(2,368,019)us-gaap_AcquisitionCosts	(400,000)us-gaap_AcquisitionCosts
Net cash used in investing activities	(2,403,283)	(466,285)
FINANCING ACTIVITIES
Proceeds from issuance of notes payable, net of finance offering costs		700,000us-gaap_ProceedsFromNotesPayable
Payments on notes payable		(1,609,682)us-gaap_RepaymentsOfNotesPayable
Proceeds from issuance of common stock, net of issuance costs	4,977,130	6,897,177
Net cash provided by financing activities	4,977,130	5,987,495
Net change in cash	(1,724,455)	2,572,322
Cash at beginning of period	2,572,685	363
Cash at end of period	848,230	2,572,685
Cash paid during period for :
Interest		146,973us-gaap_InterestPaid
Non-cash investing and financing activities:
Debt discount from derivatives		4,614,714MFON_DebtDiscountFromDerivatives
Adjustment to derivative liability due to note repayment		40,511
Adjustment to derivative liability due to note conversion		10,726,967
Adjustment to derivative liability due to Allonge / ASID conversion		349,694
Adjustment to derivative liability due to non-employee warrant conversion		176,555
Issuance of common stock for Boomtext earn-out		2,210,667
Issuance of common stock for acquisitions	672,505	1,296,060
Issuance of common stock for accrued bonuses		37,000
Issuance of common stock for cashless exercise of warrants		55,546
Issuance of note payable for acquisition		1,365,096
Earn-out payable recorded for acquisition	2,273,000	224,000
Conversion of notes payable into common stock		4,984,720
Conversion of accrued interest into common stock		369,786
Settlement of working capital asset related to the Boomtext acquisition		$ 153,317