Company: VPLM
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006777
Chunk: 34

Company: Voip-pal.com Inc
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 that the internet would be the future of all forms of telecommunications
- a team of twenty top engineers with expertise in Linux and Internet telephony developed and wrote a software suite with applications
that provided solutions for several core areas of internet connectivity. In order to properly test the applications, Digifonica built
and operated three production nodes in Vancouver, Canada (Peer 1), London, UK (Teliasonera), and Denmark. Upon successfully developing
the technology, Digifonica filed for patents with the United States Patent and Trademark Office (“USPTO”).

The
Digifonica patents formed the basis for the Company’s current intellectual property, now a worldwide portfolio of twenty-seven
issued and pending patents primarily designed for the broadband VoIP market.

The
Company’s intellectual property value is derived from its issued and pending patents. The inventions described in these patents,
among other things, provide the means to integrate VoIP services with legacy telecommunications systems such as the public switched telephone
network (PSTN) to create a seamless service using either legacy telephone numbers or IP addresses, and enhance the performance and value
of VoIP implementations worldwide.

VoIP
has been and continues to be a green field for innovation that has spawned numerous inventions, greatly benefiting consumers large and
small across the globe. VoIP is used in many places and by every modern telephony system vendor, network supplier, and retail and wholesale
carrier.

Results
of Operations

The
Company’s operating costs consist of expenses incurred to monetizing, selling and licensing its VoIP patents. Other operating costs
include expenses for legal, accounting and other professional fees, financing costs, and other general and administrative expenses.

20

Comparison
of the Three Months Ending December 31, 2024 and 2023

    Three months ending December 31  
    Increase/  

    2024  
    2023  
    (Decrease)  
    Percent 
  
    General and administrative expenses 
     511,740  
     533,754  
     (22,014) 
     -4%
  
    Amortization & depreciation 
     -  
     35,115  
     (35,115) 
     -100%
  
    Net loss 
    $(511,740) 
    $(568,869) 
    $(57,129) 
     -10%

REVENUES,
COST OF REVENUES AND GROSS MARGIN