Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 369

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 7
Chunk 369
---
    2024  
    (Decrease)  
    Percentage 
  
    Revenue 
    $-  
    $-  
    $-  
    $- 
  
    Cost of revenue 
     -  
     -  
     -  
     - 
  
    Gross margin 
     -  
     -  
     -  
     - 
  
    General and administrative expenses 
     (6,244,756) 
     (9,592,512) 
     (3,347,756) 
     -35%
  
    Amortization & depreciation 
     -  
     (71,232) 
     (71,232) 
     -100%
  
    Other (expense) income 
     17,603  
     (508,450) 
     (526,053) 
     -103%
  
    Net loss 
    $(6,227,153) 
    $(10,172,194) 
    $(3,945,041) 
     -39%

REVENUES,
COST OF REVENUES 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