Company: VPLM
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010694
Chunk: 41

Company: Voip-pal.com Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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,000  
     100%
  
    Loss on settlement of AP 
     (34,763) 
     -  
     34,763  
     0%
  
    Impairment on intangible assets 
     -  
     (157,450) 
     (157,450) 
     100%
  
    Net loss 
    $(1,399,326) 
    $(2,666,104) 
    $(1,266,778) 
     48%

Comparison of the Six Months Ending March 31, 2025
and 2024

    Six months ending

March 31

    Increase/  

    2025  
    2024  
    (Decrease)  
    Percent 
  
    General and administrative expenses 
    $(1,876,303) 
    $(3,257,293) 
    $(1,380,990) 
     42%
  
    Amortization & depreciation 
     -  
     (70,230) 
     (70,230) 
     100%
  
    Recovery of expenses previously paid 
     -  
     250,000  
     250,000  
     100%
  
    Loss on settlement of AP 
     (34,763) 
     -  
     34,763  
     0%
  
    Impairment on intangible assets 
     -  
     (157,450) 
     (157,450) 
     100%
  
    Net loss 
    $(1,911,066) 
    $(3,234,973) 
    $(1,323,907) 
     41%

REVENUES, COST OF REVENUES AND GROSS MARGIN

The Company had no revenues, cost of revenues or gross
margin for the three- or six-months ending March 31, 2025 and 2024.

GENERAL AND ADMINISTRATIVE EXPENSES

General and administrative expenses for the three
months ending March 31, 2025 totaled $1,364,563 compared to $2,723,539 during the same period in 2024. The decrease in general and administrative
expenses of $1,358,976 or 50% less than in the previous period was primarily due to a $1,265,981 decrease in officers and director fees