Yes, you can! For switching the target device, you need to reset the activation code from your control panel. Reset activation code will allow you to re-use the code for your new device. After resetting the code, just install MobiCiD application onto the new phone and activate the app with the same activation key you use previously.
Note: Just keep in mind that the resetting of activation code will delete all your previous data from your control panel. So make sure to save all your data before resetting the activation code.