Company: VPLM
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006777
Chunk: 29

Company: Voip-pal.com Inc
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 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 (2023 - $nil) was charged against income from preferred shares issued.

During
the year ended September 30, 2023, 138,420 preferred shares issued pursuant to the Anti-Dilution Clause of the SPA with a value of $138
which is recorded as stock-based compensation.

During
the three-month period ended December 31, 2024, total stock-based compensation cost of $74,711 (2023 - $77,861) was charged against income
from all options issued and vested, including the incremental cost resulting from the option modifications.

As
at December 31, 2024, the aggregate intrinsic value of the Company’s stock options is $559,000 (September 30, 2024 - $1,173,900),
and the total intrinsic value of options exercised during the period ended December 31, 2024 was $nil (September 30, 2024 - $189,000).

NOTE
12. CONTINGENT LIABILITIES

Patent
Litigation

The
Company is party to patent and patent-related litigation cases as follows:

    i.
    VoIP-Pal.com
    Inc. v. Amazon.com, Inc. et al. Case No. 6-20-cv-00272 in the U.S. District Court, Western District of Texas.

In
April 2020, the Company filed a lawsuit in the United States District Court, Western District of Texas, against Amazon.com, Inc. and
certain related entities, alleging infringement of U.S. Patent No. 10,218,606. The case is pending.

    ii.
    VoIP-Pal.com,
    Inc. v. Verizon Comms., Inc. et al. Case No. 6-21-cv-672 in the U.S. District Court, Western District of Texas

On
September 25, 2021, the Company filed a lawsuit in the U.S. District Court, Western District of Texas, against Verizon and related entities
alleging infringement of U.S. Patent Nos. 8,630,234 and 10,880,721. On July 29, 2024, the Court issued an order granting T-Mobile’s
motion for summary judgment of