Company: VPLM
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010694
Chunk: 29

Company: Voip-pal.com Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 issue to its directors, officers, employees and consultants. The following assumptions were used for the
Black-Scholes valuation of these warrants on grant date as follows: risk-free rate of 4.70%,
expected life of 10
years, annualized historical volatility of 136.81%
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 $0.013.

    15

VOIP-PAL.COM INC.

Notes to the Interim Condensed Consolidated Financial
Statements

(Unaudited – prepared by management)

(Expressed in United States Dollars)

March 31, 2025

During the year ended September 30, 2024, on January
12, 2024, the Company issued 137,091,089 warrants to purchase common shares at a price of $0.001 per share for a period of 10 years from
the date of issue 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 4.21%, expected life of 10 years, annualized
historical volatility of 144.84% 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 $0.018. During the year ended September 30, 2024, share issuance
cost of $2,431,780 was recorded within the additional paid-in capital account.

During the year ended September 30, 2023, on June
30, 2023, the Company issued 831,466,899 warrants recorded as a share issuance cost to purchase common shares at a price of $0.001 per
share for a period of ten years from the date of issue to its directors, officers, employees and consultants. The following assumptions
were used for the Black-Scholes valuation of these warrants on grant date as follows: risk-free rate of 3.81%, expected life of 10 years,
annualized historical volatility of 143.75% 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