Voip Pal Com Inc (VPLM)

[ORCA]

STOCK BASED COMPENSATION
Stock-based compensation expense for the year ending September 30, 2023 totaled $20,076,567 compared to $2,356,339 during 2022. The increase in stock-based compensation expense of $17,720,228, or 752% more than the previous year, was primarily due to repricing of the outstanding options from $0.025 to $0.005, repricing and vesting of 2022 warrants of 410,000,000 and additional options and warrant issued and vested during the year ended September 30, 2023.