Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 403

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 7
Chunk 403
---
 274,500,000  
    $0.005  
     2.36  
     274,500,000 

During
the year ended September 30, 2025, no options in the capital stock of the Company were issued, and 5,000,000 options were exercised.

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.

    32

VOIP-PAL.COM
INC.

Notes
to the Consolidated Financial Statements

(Expressed
in United States Dollars)

September
30, 2025

NOTE
11. STOCK-BASED COMPENSATION (CONT’D)

Preferred
Share

During
the year ended September 30, 2025, 138,522 series A preferred shares were issued pursuant to the Anti-Dilution Clause of the SPA (Note
4) with a value of $1,385 in order to bring total series A preferred share ownership to 926,438. During the year ended September 30,
2025, share issued cost of $nil was charged against income from preferred shares issued.

During
the year ended September 30, 2024, 52,885 series A preferred shares were issued pursuant to the Anti-Dilution Clause of the SPA (Note
4) with a value of $529 in order to bring total series A preferred share ownership to 787,916. During the year ended September 30, 2024,
share issued cost of $476 was charged against income from preferred shares issued.

During
the year ended September 30, 2025, total stock-based compensation cost of $4,