Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 495

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 8
Chunk 495
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 the Company’s stock and other factors. The weighted-average fair value per warrant is
$0.01. During the year ended September 30, 2025, $3,577,476 (2024 - $nil) was recorded as share based compensation and as a share issuance
cost, resulting in a nil effect, within the additional paid-in capital account.

During
the year ended September 30, 2024, on September 17, 2024, the Company issued 29,000,000 warrants to purchase common shares at a price
of $0.005 per share for a period of 5 years from the date of issue to its consultants. The following assumptions were used for the Black-Scholes
valuation of these warrants on grant date as follows: risk-free rate of 3.44%, expected life of 5 years, annualized historical volatility
of 144.95% and a dividend rate of 0%. Expected volatilities are based on the historical volatility of the Company’s stock and other
factors. The weighted-average fair value per warrant is $0.010.

    30

VOIP-PAL.COM INC.

Notes to the Consolidated Financial Statements

(Expressed in United States Dollars)

September 30, 2025

NOTE 11. STOCK-BASED COMPENSATION (CONT’D) 

During
the year ended September 30, 2024, on September 12, 2024, the Company issued 60,000,000 warrants to purchase common shares at a price
of $0.005 per share for a period of 5 years from the date of issue to its officers, employees and consultants. The following assumptions
were used for the Black-Scholes valuation of these warrants on grant date as follows: risk-free rate of 3.47%, expected life of 5 years,
annualized historical volatility of 145.06% and a dividend rate of 0%. Expected volatilities are based on the historical volatility of
the Company’s stock and other factors. The weighted-average fair value per warrant is $0.010.

During
the year ended September 30, 2024, on September 6, 2024, the Company issued 45,000,000 warrants to purchase common shares at a price
of $0.005 per share for a period of 5 years from the date of issue to its consultants. The following assumptions were used for the Black-Scholes