Company: VPLM
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010694
Chunk: 17

Company: Voip-pal.com Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 of
the intangible asset.

A summary of intangible assets as of March 31, 2025
and September 30, 2024 is as follows:

 SCHEDULE OF INTANGIBLE ASSETS

    March 31,  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 March 31, 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 senior officers and members of its
Board of Directors.

Compensation paid or accrued to key management for
services during the interim periods ended March 31, 2025 and 2024 includes:

 SCHEDULE OF COMPENSATION PAID OR ACCRUED TO KEY MANAGEMENT FOR SERVICES

    March 31, 2025