Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 264

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 5
Chunk 264
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 AND GROSS MARGIN

The
Company had no revenues, cost of revenues or gross margin for the years ending September 30, 2025 and 2024.

GENERAL
AND ADMINISTRATIVE EXPENSES

General
and administrative expenses for the year ending September 30, 2025 totaled $6,244,756 compared to $9,592,512 during the year ending September
30, 2024. The decrease in general and administrative expenses of $3,347,756 or 35% less than the previous year, was primarily due to
a $2,788,146 decrease in officers and director fees and a decrease of $816,407 in legal fees.

AMORTIZATION
AND DEPRECIATION

Amortization
of the intellectual VoIP communications patent properties and depreciation of fixed assets for the year ending September 30, 2025 totaled
$nil compared to $71,232 for the year ended September 30, 2024.

The
Company follows GAAP (FAS 142) and is amortizing its intangibles over an estimated patent life of twelve (12) years. The Company evaluates
its intangible assets annually and determines if the fair market value is less than its historical cost. If the fair market value is
less, then impairment expense is recorded on the Company’s financial statements. The intangible assets on the financial statements
of the Company related primarily to the Company’s acquisition of Digifonica (International) Limited.

OTHER
ITEMS

Other
expense for the year ending September 30, 2025 totaled $17,603 compared to ($508,450) during 2024. The Company recorded $17,603 gain
on settlement of accounts payable during the year ended September 30, 2025. The Company recorded $157,450 impairment of its intangible
assets and $351,000 loss on settlement of litigation during the year ended September 30, 2024.

INTEREST
EXPENSE

The
Company had no financing or interest costs for the years ending September 30, 2025 and 2024.

NET
LOSS

The
Company reported a net loss of $6,227,153 for the year ended September 30, 2025 compared to a net loss of $10,172,194 for the year ended
September 30, 2024. The decrease in net loss of $3,945,041 or 39% less than the previous year was primarily