Company: VPLM
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006777
Chunk: 21

Company: Voip-pal.com Inc
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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14

VOIP-PAL.COM
INC.

Notes
to the Interim Condensed Consolidated Financial Statements

(Unaudited
– prepared by management)

(Expressed
in United States Dollars)

December
31, 2024

During
the three-month period ended December 31, 2024, as of October 9, 2024, the Company issued 357,865,449 common share purchase warrants
to purchase 357,865,449 common shares of the Company at a price of $0.001 per share, to be issued to the Seller of Digifonica pursuant
to the Anti-Dilution Clause of the amended SPA. The following assumptions were used for the Black-Scholes valuation of these warrants
on grant date as follows: risk-free rate of 3.27%, expected life of 10 years, annualized historical volatility of 126.80% 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 $0.01. During the three-month period ended December 31, 2024, share issuance cost of $3,577,476 (2023 - $nil)
was recorded 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.

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