Company: VPLM
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010694
Chunk: 20

Company: Voip-pal.com Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 20
---
 treasury shares from a private placement of common shares cancelled.

    −
    5,000,000 common shares for services with a value of $25,000.

    −
    52,885 series A preferred shares pursuant to the Anti-Dilution Clause of the SPA (Note 4) with a value of $53 in order to bring total series A preferred share ownership to 787,916.

    −
    
    45,000,000 common shares priced at $0.005 per share,
    offset by 10,841,192 shares returned to treasury pursuant to cashless option exercises with a net value of $34,158.

    −
    45,000,000 common shares priced at $0.005 per share, offset by 11,713,800 shares returned to treasury pursuant to cashless warrant exercises with a net value of $33,285.

Subsequent Issues

On May 5, 2025, 4,000,000 common shares priced at
$0.005 per share for cash proceeds of $20,000 from a private placement of common shares.

    13

VOIP-PAL.COM INC.

Notes to the Interim Condensed Consolidated Financial
Statements

(Unaudited – prepared by management)

(Expressed in United States Dollars)

March 31, 2025

NOTE 11. STOCK-BASED COMPENSATION

Common Share Purchase Warrants

As of March 31, 2025, there are 3,258,893,999 (September
30, 2024 - 2,799,028,550) outstanding share purchase warrants to be exercised.

The following table summarizes the Company’s
warrant transactions:

 SCHEDULE OF STOCK WARRANT TRANSACTIONS

    Number of warrants  
    Weighted average exercise price 
  
    Balance September 30, 2023 
     1,862,937,461  
    $0.0019 
  
    Issued 
     985,091,089  
     0.004 
  
    Exercised 
     (45,000,000) 
     0.005 
  
    Cancelled 
     (4,000,000) 
     0.005 
  
    Balance September 30, 2024 
     2,799,028,550  
    $0.0027 
  
    Issued 
     471,865,449