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Mobiquity Technologies(MOBQ) - 2023 Q1 - Quarterly Report
2023-05-15 19:55
Industry Overview - The company operates in the programmatic advertising industry, which saw global ad spends reach approximately $418.4 billion in 2021, projected to exceed $493 billion in 2022[129]. - The ATOS platform engages with around 10 billion advertisement opportunities daily, enhancing speed and performance through real-time scaling technology[132]. Revenue Generation - The company generates revenue through two main verticals: licensing platforms as white-label products and a managed services model, with the latter yielding a higher percentage of revenue[137]. - The company’s revenue recognition follows ASC Topic 606, aligning revenue with service delivery and enhancing financial disclosures[152]. Data and Privacy Management - The data intelligence platform offers precise insights into consumer behavior, believed to be one of the most accurate solutions for data collection and analysis in the industry[134]. - The publisher platform enables content publishers to monetize user data and advertising inventory while ensuring data privacy compliance[136]. - The company aims to address challenges faced by publishers due to privacy laws, emphasizing the need for first-party data management[131]. Financial Performance - Revenues for Q1 2023 were $132,224, a decrease of $409,945 from $542,169 in Q1 2022[166]. - Cost of revenues was $62,808, representing 47.5% of revenues in Q1 2023, down from 56.4% in Q1 2022[167]. - Gross profit for Q1 2023 was $69,416, or 52.5% of revenues, compared to $236,042, or 43.6% of revenues in Q1 2022[168]. - General and administrative expenses decreased to $1,425,747 in Q1 2023 from $2,077,724 in Q1 2022, a reduction of $651,977[169]. - Loss from operations for Q1 2023 was $1,356,331, an improvement of approximately $485,000 compared to $1,841,682 in Q1 2022[170]. - Cash on hand as of March 31, 2023, was $2,182,330, with cash used in operating activities amounting to $1,606,449[172]. Future Plans and Developments - The Company plans to hire new sales personnel to enhance revenue generation through the Advangelists platform and MobiExchange[164]. - The Company anticipates releasing new products and services in early 2023 to address changes in the AdTech industry[166]. Financial Instruments and Liabilities - The company’s financial instruments are accounted for at fair value, with carrying amounts approximating fair value due to their short-term nature[145]. - As of March 31, 2023, the remaining unamortized debt discounts totaled $773,473, with $360,993 recognized as interest expense for the quarter[178]. - The fair value of the Investor Warrant at closing was $1,526,363, and the Incentive Shares had a fair value of $318,863[178]. - The net proceeds from the February 2023 Offering were $3,207,500, with 3,777,634 shares of common stock and pre-funded warrants for 4,286,883 shares offered at $0.465 each[179]. - The Company issued a warrant for the purchase of 403,226 shares to the Underwriter, with an exercise price of $0.5115 per share[181]. - As of March 31, 2023, there were 1,250,216 pre-funded warrants and 11,290,325 Series 2023 Warrants remaining outstanding[182]. - Subsequent to March 31, 2023, 1,250,216 shares of common stock were issued from the exercise of pre-funded warrants[183]. Internal Controls and Legal Matters - The Company has identified control gaps and deficiencies in its internal controls and is actively working on remediation efforts[189]. - The Chief Executive Officer and Chief Financial Officer concluded that the disclosure controls and procedures were not effective as of March 31, 2023[185]. - The Company is facing a lawsuit claiming not less than $2.5 million in damages from a former Co-CEO, which it intends to vigorously defend[191]. Risks and Challenges - The company’s operations are subject to significant risks, including competition, economic conditions, and price volatility, which may affect sales and earnings variability[142]. - The Company has a history of operating losses, raising substantial doubt about its ability to continue as a going concern[171]. - The Company adopted ASU 2016-13 on January 1, 2023, which did not have a significant impact on its financial statements[162].
Mobiquity Technologies(MOBQ) - 2022 Q4 - Annual Report
2023-03-31 20:01
Table of Contents MOBIQUITY TECHNOLOGIES, INC. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ COMMISSION FILE NUMBER: 001-41117 MOBIQUITY TECHNOLOGIES, INC. (Exact name of Registrant as specified in its charter) | New York ...
Mobiquity Technologies(MOBQ) - 2022 Q3 - Quarterly Report
2022-12-09 21:47
Table of Contents SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 001-41117 MOBIQUITY TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) NEW YORK 11-3427886 (State of jurisdiction of Incorporation) (I.R.S. Employer ...
Mobiquity Technologies(MOBQ) - 2022 Q2 - Quarterly Report
2022-08-18 21:06
Table of Contents SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 001-41117 MOBIQUITY TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) | NEW YORK | 11-3427886 | | --- | --- | | (State of jurisdiction of Incorporation) ...
Mobiquity Technologies(MOBQ) - 2022 Q1 - Quarterly Report
2022-05-23 19:56
Table of Contents SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 001-41117 MOBIQUITY TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) NEW YORK 11-3427886 (State of jurisdiction of Incorporation) (I.R.S. Employer Ide ...
Mobiquity Technologies(MOBQ) - 2021 Q4 - Annual Report
2022-03-29 23:07
Table of Contents MOBIQUITY TECHNOLOGIES, INC. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ COMMISSION FILE NUMBER: 001-41117 MOBIQUITY TECHNOLOGIES, INC. (Exact name of Registrant as specified in its charter) | New York ...
Mobiquity Technologies(MOBQ) - 2021 Q3 - Quarterly Report
2021-11-10 21:18
Table of Contents SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q MOBIQUITY TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) | NEW YORK | 11-3427886 | | --- | --- | | (State of jurisdiction of Incorporation) | (I.R.S. Employer Identification No.) | | 35 Torrington Lane, SHOREHAM, NY | 11786 | | (Address of principal executive offices | (Zip Code) | (516) 246-9422 (Registrant's telephone number) ____________________________________________ (Former name, address an ...
Mobiquity Technologies(MOBQ) - 2021 Q2 - Quarterly Report
2021-08-04 20:01
Table of Contents SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d0 OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 000-51160 MOBIQUITY TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) NEW YORK 11-3427886 (State of jurisdiction of Incorporation) (I.R.S. Employer Iden ...
Mobiquity Technologies(MOBQ) - 2021 Q1 - Quarterly Report
2021-05-10 20:48
Table of Contents SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2021 COMMISSION FILE NUMBER: 000-51160 MOBIQUITY TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) NEW YORK 11-3427886 (State of jurisdiction of Incorporation) (I.R.S. Employer Identification No.) 35 Torrington Lane SHOREHAM, NY 11786 (Address of principal executive office ...
Mobiquity Technologies(MOBQ) - 2020 Q4 - Annual Report
2021-03-31 20:00
Table of Contents Securities registered pursuant to Section 12(g) of the Act: (Exact name of Registrant as specified in its charter) | New York | 11-3427886 | | --- | --- | | (State of jurisdiction of | (I.R.S. Employee | | incorporation or organization) | Identification Number) | | 35 Torrington Lane Shoreham, NY | 11786 | | (Address of principal executive offices) | (Zip Code) | | Registrant's telephone number, including area code: | (516) 246-9422 | Securities registered pursuant to Section 12(b) of the ...