Company: VPLM
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010694
Chunk: 32

Company: Voip-pal.com Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 32
---
000  
     0.005  
     3.17  
     65,000,000 
  
     105,000,000  
     0.005  
     3.79  
     105,000,000 
  
     274,500,000  
    $0.005  
     2.86  
     274,500,000 

During the six-month period ended March 31, 2025,
no options in the capital stock of the Company were issued, and 5,000,000 options were exercised (Note 11).

During the year ended September 30, 2024, the Company:

- on January 12, 2024, granted 115,000,000 options
to purchase 115,000,000 common shares at a price of $0.005 to its consultants and advisors. The options are exercisable for a period of
five years from the date of grant, with 112,500,000 options vesting on the date of the option grant, 2,500,000 options vesting on July
12, 2024. The following assumptions were used for the Black-Scholes valuation of stock options on grant date as follows: risk-free rate
of 4.21%, expected life of 5 years, annualized historical volatility of 144.84% and a dividend rate of 0%. Expected volatilities are based
on the historical volatility of the Company’s stock and other factors.

During the year ended September 30, 2023, the Company:

- on April 24, 2023, re-priced all its previously
issued outstanding options to be exercisable at $0.005 per share; and

- on May 31, 2023, granted 75,000,000 options to purchase
75,000,000 common shares at a price of $0.005 per share to its directors, consultants and advisors.

During the year ended September 30, 2023, on May 31,
2023, the Company granted 75,000,000 options to purchase 75,000,000 common shares at a price of $0.005 to its consultants and advisors.
The options are exercisable for a period of five years from the date of grant, with 68,500,000 options vesting on the date of the option
grant, 3,500,000 options vesting