Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 267

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 5
Chunk 267
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of Independent Registered Public Accounting Firm

To
the Shareholders and Directors of

Voip-Pal.com
Inc.

Opinion
on the Consolidated Financial Statements

We
have audited the accompanying consolidated balance sheets of Voip-Pal.com Inc. (the “Company”), as of September 30, 2025
and 2024, and the related consolidated statements of loss and comprehensive loss, changes in stockholders’ equity, and cash flows
for the years then ended, and the related notes and schedules (collectively referred to as the “financial statements”). In
our opinion, the financial statements present fairly, in all material respects, the financial position of Voip-Pal.com Inc. as of September
30, 2025 and 2024, and the results of its operations and its cash flows for the years ended September 30, 2025 and 2024 in conformity
with accounting principles generally accepted in the United States of America.

Going
Concern

The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note
1 to the financial statements, the Company is in various stages of product development and continues to incur losses and, as at September
30, 2025, had an accumulated deficit of $109,584,935. These material uncertainties raise substantial doubt about its ability to continue
as a going concern. Management’s plans in regard to these matters are also described in Note 1. The financial statements do not
include any adjustments that might result from the outcome of this uncertainty.

Basis
for Opinion

These
financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s
financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board
(United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal
securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We
conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company
is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits
we are required to