Company: VPLM
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006777
Chunk: 15

Company: Voip-pal.com Inc
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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2024 - $5,250) owed to current officers
and directors.

At
December 31, 2024, included in prepaid expense is $23,971 (September 30, 2024 - $30,721) of prepaid compensation to directors.

NOTE
9. SUPPLEMENTAL CASH FLOW INFORMATION

During
the period ended December 31, 2024, the Company paid $Nil (September 30, 2024 - $Nil) in interest or income taxes.

There
were no non-cash investing or financing transactions during the three-month periods ended December 31, 2024 and 2023.

    12

VOIP-PAL.COM
INC.

Notes
to the Interim Condensed Consolidated Financial Statements

(Unaudited
– prepared by management)

(Expressed
in United States Dollars)

December
31, 2024

NOTE
10. SHARE CAPITAL

Capital
Stock Authorized and Issued as at December 31, 2024:

    -
    8,000,000,000
    (September 30, 2024 – 8,000,000,000) common voting shares authorized with a par value of $0.001 each, of which 3,624,945,275
    (September 30, 2024 – 3,589,945,275) shares are issued.

    -
    2,000,000
    series A preferred shares authorized with a par value of $0.01 each, of which 926,438 (September 30, 2024 – 787,916) shares
    are issued. The preferred shares were issued for super-voting rights and are not convertible, exchangeable for common shares, nor
    redeemable for cash. The preferred shares cannot be sold, exchanged or transferred to another party.

Issues
during the three-month period ended December 31, 2024

During
the three-month period ended December 31, 2024, the Company issued:

    _
    5,000,000
    common shares for services with a value of $25,000.

    _
    30,000,000
    restricted common shares priced at $0.0117 per share to Locksmith Financial Corporation as per a settlement and release agreement
    entered.

    _
    138,522
    series A preferred shares pursuant to the Anti-Dilution Clause of the SPA (Note 4) with