Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 256

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 3
Chunk 256
---
 right to receive any interest on the principal amount of the Note and the Note is due on demand. On March 20, 2024, the Company
paid back a $125,000 loan to the related party. On April 16, the Company paid back another $125,000 loan to the related party. As of
September 30, 2025, loan payable had a balance of $nil (September 30, 2024 - $nil).

At
September 30, 2025, included in accounts payable and accrued liabilities is $20,000 (September 30, 2024 - $5,250) owed to current officers
and directors.

At
September 30, 2025, included in prepaid expense is $24,905 (September 30, 2024 - $30,721) of prepaid compensation to directors.

Director
Independence

We
are not subject to the listing requirements of any national securities exchange or national securities association and, as a result,
we are not at this time required to have our Board comprised of a majority of “independent directors.” Two of our four directors
(see Item 10 above) are independent as defined under the Nasdaq Marketplace Rules.

Item
14. Principal Accounting Fees and Services.

Audit
Fees and Services

For
the fiscal year ended September 30, 2025 professional services were performed by Davidson & Company LLP, Chartered Professional Accountants.
The aggregate fees billed by Davidson & Company LLP, Chartered Professional Accountants for the fiscal year ended September 30, 2025
were as follows:

    2024
    to 2025

    Audit Fees
     
    $
    59,720 CAD

    Audit-Related Fees
     
    $
    42,512 CAD

    Tax Fees
     
    $
    Nil

    All Other Fees
     
    $
    Nil

Audit
Fees: Aggregate fees billed for professional services rendered for the audit of the Company’s annual financial statements.

Audit
Related Fees: Aggregate fees billed for professional services rendered for assurance and related services that were reasonably related
to the performance of the audit or review of our financial statements and are not reported under “Audit Fees” above.

All
services listed were pre-approved by the Board of Directors, functioning as the Audit Committee in accordance with Section 2(a) 3 of
the Sarbanes-Oxley Act of 2002.

The
Board has