Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 482

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 8
Chunk 482
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 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 
  
    Impairment 
     -  
     (157,450)
  
    Accumulated amortization 
            -  
     (1,394,966)
  
    Net book value 
    $-  
    $- 

There
were no disposals of any intangible assets in the years presented.

NOTE
7. LOAN PAYABLE

The
Company issued 50,000,000 restricted shares of the Company’s common stock to a related party during the year 2022 and 2023 at a
price of $0.005. In connection with certain allegations arising under the Securities Exchange Act of 1934, as amended the related party
surrendered the Shares to the Corporation for cancellation in consideration for issuance of an unsecured promissory note of the Company
in the principal amount of $250,000.

On
January 31, 2024, the Company entered into a Promissory note Agreement (the “Note”). The related party waives the right to
receive any interest on the principal amount of the Note and the Note is due on demand. On March 20, 2024, the Company paid back a $125,000
loan to the related party. On April 16, 2024, the Company paid back another $125,000 loan to the related party. As of September 30, 2025,
loan payable had a balance of $nil (September 30, 2024 - $nil) (Note 8).

NOTE
8. RELATED PARTY TRANSACTIONS AND KEY MANAGEMENT COMPENSATION

The
Company compensates certain of its key management personnel to operate its business in the normal course. Key management includes the
Company’s executive officers and members of its Board of Directors.

Compensation
paid or accrued to key management for services during the years ended September 30, 2025 and 2024 includes:

SCHEDULE OF COMP