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

Company: Voip-pal.com Inc
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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130,000. The weighted-average fair value
of these warrants issued was $0.036.

Common
Share Purchase Options

In
order to provide incentive to directors, officers, management, employees, consultants and others who provide services to the Company
or any subsidiary (the “Service Providers”) to act in the best interests of the Company, and to retain such Service Providers,
the Company has in place an incentive Stock Option Plan (the “Plan”) whereby the Company is authorized to issue up to 10%
of its issued and outstanding share capital in options to purchase common shares of the Company. The maximum term of options granted
under the Plan cannot exceed ten years, with vesting terms determined at the discretion of the Board of Directors.

    16

VOIP-PAL.COM
INC.

Notes
to the Interim Condensed Consolidated Financial Statements

(Unaudited
– prepared by management)

(Expressed
in United States Dollars)

December
31, 2024

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

Common
Share Purchase Options (cont’d)

The
following table summarizes the Company’s stock option transactions:

 SCHEDULE OF STOCK OPTIONS TRANSACTIONS

    Number of  options  
    Weighted average exercise price ($) 
  
    Balance September 30, 2022 
     182,000,000  
    $0.024 
  
    Granted 
     75,000,000  
     0.005 
  
    Exercised 
     (32,500,000) 
     0.005 
  
    Cancelled / Expired 
     (15,000,000) 
     0.010 
  
    Balance September 30, 2023 
     209,500,000  
    $0.005 
  
    Granted 
     115,000,000  
     0.005 
  
    Exercised 
     (45,000,000) 
     0.005 
  
    Balance September 30, 2024 
     279,500,000  
    $0.005 
  
    Granted 
     -  
     - 
  
    Balance December 31, 2024 
     279,500,000  
    $0.005 

The
following table summarizes the stock options outstanding at December 31, 2024: