Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 100

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 1A
Chunk 100
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 issuance cost within the additional paid-in capital account.

Pursuant
to the 2023 Amendments, during the year ended September 30, 2024, the Seller was issued 137,091,089 share purchase warrants and 52,885
series A preferred shares on January 12, 2024. Shares and warrants issued pursuant to the Anti-Dilution Clause are recorded as a share
issuance cost within the additional paid-in capital account.

Pursuant
to the 2023 Amendments, during the year ended September 30, 2025, the Seller was issued 357,865,449 share purchase warrants and 138,522
series A preferred shares on October 9, 2024. Shares and warrants issued pursuant to the Anti-Dilution Clause are recorded as a share
issuance cost within the additional paid-in capital account (Note 10).

    25

VOIP-PAL.COM
INC.

Notes
to the Consolidated Financial Statements

(Expressed
in United States Dollars)

September
30, 2025

NOTE
5. RETAINER

The
Company has retainers with certain of its professional service providers. The balance due on these prepaid retainers was $2,155 as of
September 30, 2025, and $18,749 for the year ended September 30, 2024. The Company recognizes the expense from these retainers as they
are invoiced, and the invoiced charges are deducted from the various providers’ prepaid retainer balances.

NOTE
6. INTANGIBLE ASSETS

The
Company acquired certain patents and technology from Digifonica in December 2013 (Note 4). These assets have been recorded in the consolidated
financial statements as intangible assets. These assets are being amortized over twelve (12) years on a straight-line basis.

As
at September 30, 2024, the Company concluded that the carrying value of the intangible assets were fully impaired based on its estimate
of fair value is lower than the carrying value of the intangible asset.

A
summary of intangible assets as of September 30, 2025 and September 30, 2024 is as follows:

SCHEDULE OF INTANGIBLE ASSETS 

    September 30, 2025  
    September 30,  2024 
  
    VoIP Intellectual property and patents 
    $-  
    $1,552,416 
  
    Imp