Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 26

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 1
Chunk 26
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 there was no Performance Bonus payable.

Impact
of Inflation

We
believe that inflation has not had a material impact on our results of operations for the year ended September 30, 2025. We cannot assure
you that future inflation will not have an adverse impact on our operating results and financial condition.

Item
7A. Quantitative and Qualitative Disclosures About Market Risk.

As
a smaller reporting company, we are not required to provide the information required by this Item.

15

Item
8. Financial Statements and Supplementary Data.

VOIP-PAL.COM
INC.

CONSOLIDATED
FINANCIAL STATEMENTS

Fiscal
Year ending September 30, 2025

    CONSOLIDATED BALANCE SHEETS
    18

    CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS
    19

    CONSOLIDATED STATEMENTS OF CASH FLOWS
    20

    CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
    21

    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
    22

16

Report
of Independent Registered Public Accounting Firm

To
the Shareholders and Directors of

Voip-Pal.com
Inc.

Opinion
on the Consolidated Financial Statements

We
have audited the accompanying consolidated balance sheets of Voip-Pal.com Inc. (the “Company”), as of September 30, 2025
and 2024, and the related consolidated statements of loss and comprehensive loss, changes in stockholders’ equity, and cash flows
for the years then ended, and the related notes and schedules (collectively referred to as the “financial statements”). In
our opinion, the financial statements present fairly, in all material respects, the financial position of Voip-Pal.com Inc. as of September
30, 2025 and 2024, and the results of its operations and its cash flows for the years ended September 30, 2025 and 2024 in conformity
with accounting principles generally accepted in the United States of America.

Going
Concern

The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note
1 to the financial statements, the Company is in various stages of product development and continues to incur losses and, as at September
30, 2025, had an accumulated deficit of $109,584,935. These material uncertainties raise substantial doubt