Company: VPLM
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010694
Chunk: 18

Company: Voip-pal.com Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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    March 31,  2024 
  
    Management fees paid to the officers 
     42,448  
     30,000 
  
    Fees paid or accrued to directors 
     33,000  
     29,000 
  
    Stock-based compensation (Note 11) 
     -  
     1,342,596 
  
    Total fees paid 
    $75,448  
    $1,401,596 

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 March 31, 2025, loan payable had a balance of $nil (September
30, 2024 - $nil) (Note 7).

At March 31, 2025, included in accounts payable and
accrued liabilities is $nil (September 30, 2024 - $5,250) owed to current officers and directors.

At March 31, 2025, included in prepaid expense is
$23,744 (September 30, 2024 - $30,721) of prepaid compensation to directors.

NOTE 9. SUPPLEMENTAL CASH FLOW INFORMATION

During the period ended March 31, 2025, the Company
paid $Nil (September 30, 2024 - $Nil) in interest or income taxes.

There were no non-cash investing or financing transactions
during the six-month periods ended March 31, 2025 and 2024.

    12

VOIP-PAL.COM INC.

Notes to the Interim Condensed Consolidated Financial
Statements

(Unaudited – prepared by management)

(Expressed in United States Dollars)

March 31, 2025

NOTE 10. SHARE CAPITAL

Capital Stock Authorized and Issued as at March 31,
2025:

    -
    9,000,000,000 (September 30, 2024 – 8,000,000,000) common voting shares authorized with a par value of $0.001 each, of