Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 522

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 13
Chunk 522
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Related
Party Transactions

During
the year ended September 30, 2025, the Company paid cash of $186,200 (2024 - $145,361) and issued preferred shares of $nil (2024 - $5,289)
for key management compensation totaling $186,200 (2024 - $150,650), as shown in the above table included in item 11. During the year
ended September 30, 2025, $1,479,014 (2024 - $4,193,110) stock-based compensation expenses were incurred from options and warrants granted
to directors and officers.

On
January 31, 2024, the Company entered into a Promissory note Agreement (the “Note”) with a related party. The related party
waives the 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