Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 500

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 8
Chunk 500
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The options are exercisable for a period of five years from the date of grant, with 112,500,000 options vesting on the date of the option
grant, 2,500,000 options vesting on July 12, 2024. The following assumptions were used for the Black-Scholes valuation of stock options
on grant date as follows: risk-free rate of 4.21%, expected life of 5 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.

    32

VOIP-PAL.COM
INC.

Notes
to the Consolidated Financial Statements

(Expressed
in United States Dollars)

September
30, 2025

NOTE
11. STOCK-BASED COMPENSATION (CONT’D)

Preferred
Share

During
the year ended September 30, 2025, 138,522 series A preferred shares were issued pursuant to the Anti-Dilution Clause of the SPA (Note
4) with a value of $1,385 in order to bring total series A preferred share ownership to 926,438. During the year ended September 30,
2025, share issued cost of $nil was charged against income from preferred shares issued.

During
the year ended September 30, 2024, 52,885 series A preferred shares were issued pursuant to the Anti-Dilution Clause of the SPA (Note
4) with a value of $529 in order to bring total series A preferred share ownership to 787,916. During the year ended September 30, 2024,
share issued cost of $476 was charged against income from preferred shares issued.

During
the year ended September 30, 2025, total stock-based compensation cost of $4,399,684 (2024 - $7,017,925) was charged against income from
all options and warrants issued and vested, including the incremental cost resulting from the option and warrant modifications.

As
at September 30, 2025, the aggregate intrinsic value of the Company’s stock options is $2,113,650 (2024 - $1,173,900), and the
total intrinsic value of options exercised during the year ended September 30, 2025 was $38,500 (2024 - $189,000).

As
at September 30, 2025, the