Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 24

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 1
Chunk 24
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 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 due to a decrease in legal
fees and officer and director fees.

14

LIQUIDITY
AND CAPITAL RESOURCES

As
of September 30, 2025, the Company had an accumulated deficit of $109,584,935 as compared to an accumulated deficit of $103,357,782 at
September 30, 2024. As of September 30, 2025, the Company had working capital of $969,267 as compared to working capital of $2,158,351
at September 30, 2024.

Net
cash used by operations for the years ending September 30, 2025 and 2024 was $1,858,914 and $2,358,051, respectively. The decrease in
net cash used for operations for the year ending September 30, 2025 as compared to the year ending September 30, 2024 was primarily due
to an decrease in general and administrative expenses.

Net
cash used in investing activities for the years ending September 30, 2025 and 2024 was $Nil.

Net
cash provided from financing activities for the years ending September 30, 2025 and 2024 was $550,000 and $2,509,875, respectively. The
decrease in net cash provided by financing activities of $1,