Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 266

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 5
Chunk 266
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 its treasury to an as yet undetermined group of related
and non-related parties upon the occurrence of a bonusable event, defined as the successful completion of a sale of the Company or substantially
all its assets, or a major licensing transaction. In order to provide maximum flexibility to the Company with respect to determining
the level of Performance Bonus payable, and who may qualify to receive a pro-rata share of such a Performance Bonus, the Company authorized
full discretion to the Board in making such determinations.

In
2019, the board of directors authorized the increase of the Performance Bonus to up to 10% of the capital stock of the Company. Concurrently,
the directors authorized 66.67% of the Performance Bonus to be issued in an advance payment of an aggregate 127,000,000 Common shares
(“Bonus Shares”) to a group of related and non-related parties, which included members of management, a director and several
consultants. 60,000,000 of the Bonus Shares are restricted from trading under Rule 144 and subject to voluntary lock-up agreements under
which they cannot be traded, pledged, hypothecated, transferred or sold by the holders until such time as the Company has met the requirements
of the bonusable event as described above.

As
at September 30, 2025, no bonusable event had occurred and there was no Performance Bonus payable.

Impact
of Inflation

We
believe that inflation has not had a material impact on our results of operations for the year ended September 30, 2025. We cannot assure
you that future inflation will not have an adverse impact on our operating results and financial condition.

Item
7A. Quantitative and Qualitative Disclosures About Market Risk.

As
a smaller reporting company, we are not required to provide the information required by this Item.

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Item
8. Financial Statements and Supplementary Data.

VOIP-PAL.COM
INC.

CONSOLIDATED
FINANCIAL STATEMENTS

Fiscal
Year ending September 30, 2025

    CONSOLIDATED BALANCE SHEETS
    18

    CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS
    19

    CONSOLIDATED STATEMENTS OF CASH FLOWS
    20

    CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
    21

    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
    22

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Report