Company: VPLM
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010694
Chunk: 40

Company: Voip-pal.com Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 co-develop Digifonica’s patent suite. Digifonica had been founded in 2003
with the vision that the internet would be the future of all forms of telecommunications - a team of twenty top engineers with expertise
in Linux and Internet telephony developed and wrote a software suite with applications that provided solutions for several core areas
of internet connectivity. In order to properly test the applications, Digifonica built and operated three production nodes in Vancouver,
Canada (Peer 1), London, UK (Teliasonera), and Denmark. Upon successfully developing the technology, Digifonica filed for patents with
the United States Patent and Trademark Office (“USPTO”).

The Digifonica patents formed the basis for the Company’s
current intellectual property, now a worldwide portfolio of twenty-seven issued and pending patents primarily designed for the broadband
VoIP market.

The Company’s intellectual property value is
derived from its issued and pending patents. The inventions described in these patents, among other things, provide the means to integrate
VoIP services with legacy telecommunications systems such as the public switched telephone network (PSTN) to create a seamless service
using either legacy telephone numbers or IP addresses, and enhance the performance and value of VoIP implementations worldwide.

VoIP has been and continues to be a green field for
innovation that has spawned numerous inventions, greatly benefiting consumers large and small across the globe. VoIP is used in many places
and by every modern telephony system vendor, network supplier, and retail and wholesale carrier.

Results of Operations

The Company’s operating costs consist of expenses
incurred to monetizing, selling and licensing its VoIP patents. Other operating costs include expenses for legal, accounting and other
professional fees, financing costs, and other general and administrative expenses.

20

Comparison of the Three Months Ending March 31,
2025 and 2024

    Three months ending

March 31

    Increase/  

    2025  
    2024  
    (Decrease)  
    Percent 
  
    General and administrative expenses 
    $(1,364,563) 
    $(2,723,539) 
    $(1,358,976) 
     50%
  
    Amortization & depreciation 
     -  
     (35,115) 
     (35,115) 
     100%
  
    Recovery of expenses previously paid 
     -  
     250,000  
     250