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

Company: Voip-pal.com Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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007. During the six-month period ended March 31, 2025, share-based compensation expenses of $41,155 (2024
- $nil) was recorded within the additional paid-in capital account, which was included as “Professional fees and services”
in the consolidated statements of loss and comprehensive loss.

During the six-month period ended March 31, 2025,
on December 20, 2024, the Company issued 3,000,000 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 3.04%, expected life of 5 years, annualized historical volatility of 118.43% 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 $0.006. During the six-month period ended March 31, 2025, share-based compensation expenses of $16,862 (2024
- $nil) was recorded within the additional paid-in capital account, which was included as “Professional fees and services”
in the consolidated statements of loss and comprehensive loss.

    14

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 six-month period ended March 31, 2025,
on December 2, 2024, the Company issued 1,000,000 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 2.92%, expected life of 5 years, annualized historical volatility of 119.69% 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 $0.006. During the six-month period ended March 31, 2025, share-based compensation expenses of $5,642 (2024
- $nil) was