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 UNITED
STATES

 SECURITIES
AND EXCHANGE COMMISSION

 Washington,
D.C. 20549

 FORM
 10-K/A

 ( Amendment. No 1)

Annual Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

For the fiscal year ended: September 30, 2023

 o r

 Transition Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

 Commission File Number:
 000-55613

 VoIP-PAL.COM
INC.

 (Exact
name of Registrant as specified in its charter)

 Nevada

 980184110

 (State
 or other jurisdiction of

incorporation or organization)

 (I.R.S.
 Employer

Identification Number)

 7215
Bosque Boulevard, Suite 102

 Waco,
 TX 76710-4020

 (Address
of principal executive offices)

 954 - 495-4600

 (Registrant's
telephone number, including area code)

registered pursuant to Section 12(b) of the Act:

 Title
 of each class

 Trading
 symbol(s)

 Name
 of each exchange on which registered

 N/A

 N/A

 N/A

registered pursuant to Section 12(g) of the Act:

 Common
Stock, $0.001 par value

 (Title
of class)

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act Yes No

by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes
 No

by check mark whether the Registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the
past 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to the filing
requirements for at least the past 90 days. Yes No

by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule
405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant
was required to submit and post such files). Yes No

by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained
herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated
by reference in Part III of this Form 10-K or any amendment to this Form 10-K.

by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting
company. See definitions of "large accelerated filer", "accelerated filer" and "smaller reporting company"
in Rule 12b-2 of the Exchange Act.

 Large
 accelerated filer

 Accelerated
 filer

 Non-accelerated
 filer

 Smaller
 reporting company

 Emerging
 growth company

 If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Yes No

by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No

 The
market value of the voting stock held by non-affiliates was $ 101,208,134 based on 2,381,367,863 shares held by non-affiliates. These
computations are based upon the closing sales price of $0.0199 per share of the Company on OTC Markets, Inc. on March 31, 2023.

the number of shares outstanding of each of the Registrant's classes of common equity, as of the latest practicable date:

 Class

 Outstanding
 as of December 22, 2023

 Common
Stock, $0.001 par value per share

 3,035,173,940

 EXPLANATORY
NOTE

 This Amendment No. 1
to the Annual Report on Form 10-K for the fiscal year ended September 30, 2023, which was filed with the Securities and Exchange Commission
on December 22, 2023 (the "Original 10-K"),
is being filed to amend information in Item 9A - Controls and Procedures along with Exhibit 31.1, Exhibit 31.2, and Exhibit 32.1.

 Except as described above, no other amendments are
being made to the Original 10-K. This amendment does not reflect events occurring after the filing of the Original 10-K or modify or update
the disclosure contained therein in any way other than as required to reflect the amendments discussed above.

 TABLE
OF CONTENTS

 Item
 1.

 Business.

 Item
 1A.

 Risk Factors.

 Item
 2.

 Properties

 Item
 3.

 Legal Proceedings

 Item
 5.

 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

 Item
 6.

 Selected Financial Data

 Item
 7.

 Management's Discussion and Analysis of Financial Condition and Results of Operations

 Item
 7A.

 Quantitative and Qualitative Disclosures About Market Risk

 Item
 8.

 Financial Statements and Supplementary Data.

 Item
 9.

 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

 Item
 9A.

 Controls and Procedures

 Item
 9B.

 Other Information

 Item
 10.

 Directors, Executive Officers and Corporate Governance

 Item
 11.

 Executive
 Compensation

 Item
 12.

 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

 Item
 14.

 Principal Accounting Fees and Services

 Item
 15.

 Financial Statements and Exhibits

 PART
I

 CAUTIONARY
NOTE REGARDING FORWARD LOOKING STATEMENTS

 In
this Annual Report, references to "VoIP-Pal," "VPLM," the "Company," "we," "us,"
and "our" refer to VoIP-Pal. Com Inc., the Registrant.

 This
Annual Report on Form 10-K (this "Annual Report" or this "Report") contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act of 1934, as amended (the "Exchange
Act"). All statements, other than statements of historical facts, included in this Annual report are forward looking statements,
including, without limitation, statements regarding our strategy, future operations, financial position, estimated revenues and losses,
projected costs, prospects, plans and objectives of management. These forward-looking statements may be, but are not always, identified
by their use of terms and phrases such as "anticipate," "believe," "estimate," "expect,"
"intend," "may," "project," "plan," "will," "shall," "should,"
"could" and "potential," and similar terms and phrases, including when used in the negative. Although we believe
that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties.
Actual results could differ materially from those anticipated in these forward-looking statements. You should consider carefully the
risks described under the "Risk Factors" section of this Annual Report and other sections of this report, which describe
factors that could cause our actual results to differ from those anticipated in the forward-looking statements. All forward-looking statements
are expressly qualified in their entirety by the cautionary statements in this paragraph and elsewhere in this Annual Report. Other than
as required under the securities laws, we do not assume a duty to update these forward-looking statements, whether because of new information,
subsequent events or circumstances, changes in expectations or otherwise.

 Item
1. Business.

 The
Company was incorporated in the state of Nevada in September 1997 as All American Casting International, Inc. and changed its name to
VOIP MDU.com in 2004 and subsequently to VoIP-Pal. Com Inc. in 2006. Since March 2004, the Company has been in the development stage of
becoming a Voice-over-Internet Protocol ("VoIP") re-seller, a provider of a proprietary transactional billing platform tailored
to the points and air mile business, and a provider of anti-virus applications for smartphones.

 In
2013, Voip-Pal acquired Digifonica International (DIL) Limited ("Digifonica"), to fund and co-develop Digifonica's
patent suite. Digifonica had been founded in 2003 with the vision that the internet would be the future of all forms of telecommunications
- a team of twenty top engineers with expertise in Linux and Internet telephony developed and wrote a software suite with applications
that provided solutions for several core areas of internet connectivity. In order to properly test the applications, Digifonica built
and operated three production nodes in Vancouver, Canada (Peer 1), London, UK (Teliasonera), and Denmark. Upon successfully developing
the technology, Digifonica filed for patents with the United States Patent and Trademark Office ("USPTO").

 The
Digifonica patents formed the basis for Voip-Pal's current intellectual property, now a worldwide portfolio of issued and pending
patents primarily designed for the broadband VoIP market.

 The
Issuer's primary and secondary SIC Codes are 4813 and 4899.

 The
Issuer's fiscal year end date is September 30.

 Principal
Products or Services

 VoIP-PAL
owns a worldwide portfolio of issued patents covering numerous inventions, including, but not limited to the following technology areas:

 1.

 classification
 and routing of communications over different networks and over geographically distributed nodes;

 2.

 lawful
 intercept of such communications;

 3.

 enhanced
 emergency calling support (e.g., E911);

 4.

 mobile
 gateways;

 5.

 uninterrupted
 transmission during endpoint changes; and

 6.

 metering
 and billing, including the reselling of "white label" telecommunication services.

 VoIP-PAL
continues to have some patent applications pending.

 VoIP-PAL
is currently pursuing patent infringement lawsuits against several Fortune 500 companies that the Company believes are practicing its
patented inventions. The status of the litigation is described elsewhere in this report.

 VoIP-Pal's
Patent Portfolio

 A
brief summary of the Company's patents is provided below, focusing primarily on patents which have been issued in the U.S. (however
only limited discussion is provided regarding the Company's related pending U.S. patent applications and foreign patent assets).
The brief summaries below are provided for convenience only and without prejudice to the Company's rights; it will be appreciated
that the scope of the Company's patents can only be discerned by conducting a full legal analysis under the applicable legal standards
and is subject to Court decisions.

 VoIP-PAL's
patent portfolio covers the following technologies:

 1.

 Classification/routing
 of communications

 U.S. Patent Nos. 8,542,815; 9,179,005; 9,537,762;
 9,813,330; 9,826,002; 9,935,872; 9,948,549; European Patent No. 2,084,868;
 Indian Patent No. 287,412, Brazil Patent No. PI 0718312-7, and Canadian Patents 2,668,025; 3,032,707; 3,045,672; 3,045,681;
 3,045,683; 3,045,694, among others, generally relate to classification/routing of communications.

 The
 '815 Patent was the subject of four Inter Partes Review (IPR) challenges before the U.S. Patent Office by Apple, Unified
 Patents, and AT&T Services, one of which was instituted and resulted in a final written decision confirming the patentability
 of all challenged claims. The '005 Patent was the subject of four IPR challenges by Apple and AT&T Services, one of which
 was instituted and resulted in a final written decision confirming the patentability of all challenged claims. The '762, '330,
 '002 and '549 Patents were each subject to IPR challenges by Apple, but none of these IPRs was instituted. However, some
 of the claims of each of these patents been found patent-ineligible in court proceedings under §101.

 Brief
 descriptions of these patents are provided below.

 1.1 U.S. Patent No. 8,542,815, issued September 24, 2013, generally relates to, among other things, classifying a call as pertaining to a public network or a private network based on a match of one or more attributes associated with a caller and an identifier associated with a callee and network classification criteria.

 1.2
U.S. Patent No. 9,179,005, issued November 3, 2015, generally relates to, among other things, routing communications by producing
a public or private routing message based on a classification criteria of one or more attributes associated with a caller and an identifier
associated with a callee.

 1.3
U.S. Patent No. 9,537,762, issued January 3, 2017, generally relates to, among other things, classifying a communication as pertaining
to a first or second network based on attributes associated with a first participant to the communication and classification criteria
which may include whether a second participant to the communication is registered with the system.

 1.4
U.S. Patent No. 9,813,330, issued November 7, 2017, generally relates to, among other things, classifying a communication as a system
communication or external network communication based at least in part on comparing attributes associated with a first participant in
a communication with an identifier associated with a second participant.

 1.5
U.S. Patent No. 9,826,002, issued November 21, 2017, generally relates to, among other things, classifying a communication as a system
communication or external network communication based at least in part on a new second participant identifier produced by processing
a second participant identifier based on a first participant's attributes.

 1.6
U.S. Patent No. 9,948,549, issued on April 17, 2018, generally relates to, among other things, classifying a communication as a system
communication or external network communication and producing a routing message based at least in part on a new second participant identifier
produced by processing a second participant identifier based on a first participant's attributes.

 1.7
U.S. Patent No. 9,935,872, issued April 3, 2018, generally relates to, among other things, using at least one first participant attribute
to determine whether a communication initiated from a first participant device to a second participant device is allowed to proceed,
and if it is allowed to proceed, whether it should be routed to its destination via a first network element or a second network element.

 1.8
U.S. Patent No. 10,218,606, issued February 26, 2019, relates to, among other things, processing at least one first participant attribute
and a second participant identifier to determine whether a communication initiated from a first participant device to a second participant
device in a packet switched or Internet Protocol (IP) based communication system can be routed using either a local cluster/node or a
remote cluster/node.

 1.9
European Patent No. 2,084,868, granted May 30, 2018, relates to, among other things, the classification/routing of communications
and is similar to the counterpart U.S. patents directed to this subject matter ( see descriptions of U.S. patents above).

 1.10
Indian Patent No. 287,412, granted September 15, 2017, relates to, among other things, the classification/routing of communications
and is similar to the counterpart U.S. patents directed to this subject matter ( see descriptions of U.S. patents above).

 1.11
Indonesian Patent No. IDP000040412 similarly relates to classification/routing (see above patent descriptions).

 1.12
Brazil Patent No. PI 0718312-7, granted May 19, 2020, similarly relates to classification/routing (see above).

 1.13
Canadian Patent No. 2,668,025, issued February 25, 2020, relates to classification/routing, similarly to the counterpart U.S.
patents described above.

 1.14
Canadian Patent No. 3,045,672, issued January 19, 2021, relates to classification/routing, similarly to the counterpart U.S. patents

 1.15
Canadian Patent No. 3,032,707, issued February 9, 2021, relates to classification/routing, similarly to the counterpart U.S. patents

 1.16
Canadian Patent No. 3,045,694, issued September 7, 2021, relates to classification/routing, similarly to the counterpart U.S. patents

 1.17
Canadian Patent No. 3,045,681, issued October 12, 2021, relates to classification/routing, similarly to the counterpart U.S. patents

 1.18
Canadian Patent No. 3,045,683, issued October 26, 2021, relates to classification/routing, similarly to the counterpart U.S. patents

 2.

 Lawful intercept

 U.S.
 Patent Nos. 8,422,507; 9,143,608; 9,549,071; and 10,038,779, Canadian Patent No. 2,670,510 and European Patent No. 2,090,024 generally
 relate to, for example, lawfully intercepting Voice Over IP (VoIP) and other data communications (e.g., when required by law enforcement
 agencies).

 None

 2.1
U.S. Patent No. 8,422,507, issued April 16, 2013, applies, for example, to lawful intercept scenarios in which communications originating
in an Internet Protocol (IP) network system from a subscriber to another party occur through a media relay, where information associated
with the subscriber profile meets intercept criteria, such that a routing message is produced to cause the media relay to send a copy
of the communications to a mediation device.

 2.2
U.S. Patent No. 9,143,608, issued September 22, 2015, applies, for example, to lawful intercept scenarios in which communications
originating in an Internet Protocol (IP) network system from a subscriber to another party occur through a media relay, and where a profile
associated with the subscriber includes intercept determination information and destination information indicating where to send monitored
communications. For example, when intercept criteria are met, at least some of the intercept determination information and the destination
information are included in a routing message.

 2.3
U.S. Patent No. 9,549,071, issued January 17, 2017, generally relates to, among other things, lawfully intercepting Internet Protocol
(IP) communications between a first party and a second party, where a profile associated with the first or second party includes intercept
determination information and destination information for one of the first or second party that is to be monitored, the destination information
indicating where to send the monitored communications. For example, when an intercept criterion is met, at least some of the intercept
determination information and the destination information is included in a routing message.

 2.4
U.S. Patent No. 10,038,779, issued July 31, 2018, generally relates to lawfully intercepting VoIP or other data communications between
a first party and a second party, based on an intercept request message that contains (a) an identification of at least one party whose
communications are to be monitored, (b) intercept determination information, and (c) destination information indicating where copies
of intercepted communications are to be sent. For example, when an intercept criterion is met, at least some intercept determination
information and destination information is included in a routing message.

 2.5
Canadian Patent No. 2,670,510, granted December 22, 2020, also relates to lawful intercept of communication.

 2.6
European Patent No. 2,090,024, granted March 4, 2020, similarly relates to lawful intercept of communications.

 3.

 Mobile gateway

 U.S.
 Patent No. 8,630,234, U.S. Patent No. 10,880,721, European Patent 2,311,292, and Canadian Patent No. 2,732,148 generally relate to,
 among other things, methods for channeling communications into distributed VoIP gateways (e.g., allowing roaming mobile devices to
 establish communications using optimal infrastructure based on a location associated with the mobile devices).

 The
 litigation status of these patents is described elsewhere in this report.

 3.1
U.S. Patent No. 8,630,234, issued January 14, 2014, generally relates to, among other things, a method of roaming with a mobile phone.
For example, the mobile phone could receive an access code reply message from the access server that includes a temporary access code
allowing the mobile phone to initiate a call to the callee using the access code, allowing the mobile phone to avoid incurring long-distance
roaming charges. The access code may be a phone number or an IP address.

 3.2.
U.S. Patent No. 10,880,721, issued December 29, 2020, relates among other things, to apparatuses, servers and methods for providing
an access code (e.g., IP address) to roaming mobile communication devices such as smartphones, to enable access to suitable communication
routing infrastructure, wherein the selection of the communication channel for a call can be optimized based on the calling device's
location.

 3.3
Canadian Patent No. 2,732,148, issued April 25, 2018, is directed to, among other things, subject-matter similar to the counterpart
U.S. patents ( see description above).

 3.4
European Patent No. 2,311,292, issued December 16, 2020, is directed to subject-matter similar to the counterpart U.S. patents above.

 4.

 Emergency assistance calling

 U.S.
 Pat. Nos. 8,537,805 and 9,565,307 and Canadian Patent No. 2,681,984 generally relate to emergency assistance calling and are applicable,
 for example, to certain E911 scenarios.

 None

 4.1
U.S. Patent No. 8,537,805, issued September 17, 2013, relates to, among other things, handling emergency calls from a caller in a
voice over IP (VoIP) system. The '805 Patent could apply, for example, when a routing request message is received and the contents
of an emergency call identifier field of a profile match the callee identifier. In this example, if the caller identifier is not associated
with a pre-associated identifier, a temporary identifier is associated with the caller. When the emergency call flag is active, for example,
a routing message establishes a route between the caller and an emergency response center, the routing message including an emergency
response center identifier from a profile associated with the caller and the DID identifier associated with the caller.

 4.2
U.S. Patent No. 9,565,307, issued February 7, 2017, relates to, among other things, routing emergency communications. The '307
Patent could apply, for example, when a routing request includes the caller identifier and the callee identifier, and where the caller
identifier identifies a profile associated with the caller that includes an emergency call identifier (e.g., "911") and an
emergency response center identifier. In this example, when the callee identifier matches the emergency call identifier, a routing message
establishes the call, the routing message having a first portion including the emergency response center identifier and a second portion,
which portion may include either a temporary or pre-assigned identifier associated with the caller, for example.

 4.3
Canadian Patent No. 2,681,984, issued April 2, 2019 also relates to routing emergency communications.

 4.4
U.S. Patent No. 11,172,064 relates to similar subject matter. An Issue Notification has been received from the U.S. Patent Office
indicating that U.S. Patent No. 11,172,064 will issue on November 9, 2021.

 5.

 Allocating charges

 U.S.
 Patent Nos. 8,774,378 and 9,998,363 both generally relate to allocating charges for communication services.

 None

 5.1
U.S. Patent No. 8,774,378, issued July 8, 2014, could apply, for example, to scenarios where a communication system operator and
a reseller of communication services allocate charges incurred by a user. In this example, the process for attributing charges may involve
determining a user cost based on a chargeable time and free time associated with the user, where the chargeable time is based on communication
session time and a pre-defined billing pattern—then account balances for the user, reseller and system operator are updated accordingly.

 5.2
U.S. Patent No. 9,998,363, issued June 12, 2018, relates to, among other things, attributing charges for communications services
provided in a communications system for a communication session between a user's device and a destination device.

 5.3
Canadian Patent No. 2,916,220, granted November 26, 2019, also relates to allocating charges.

 6.

 Determining a time for permitting a communication session

 None

 6.1
U.S. Patent No. 9,137,385, issued September 15, 2015, generally relates to, among other things, determining a time for permitting
a communication session to be conducted (e.g., a time-to-live or TTL).

 6.2
Canadian Patent No. 2,916,217, issued April 16, 2019, also relates to determining a time for permitting a communication session to
be conducted (e.g., a time-to-live or TTL).

 6.3.
U.S. Patent No. 11,171,864 relates to similar subject matter. An Issue Notification has been received from the U.S. Patent Office
indicating that U.S. Patent No. 11,171,864 will issue on November 9, 2021.

 7.

 Uninterrupted transmission during endpoint changes

 U.S.
 Patent Nos. 8,675,566; 9,154,417; 10,021,729; European Patent No. 2478678; and Canadian Patent No. 2,812,174 all generally relate
 to, among other things, uninterrupted transmission during endpoint changes (e.g., station handoffs).

 None

 7.1
U.S. Patent No. 8,675,566, issued March 18, 2014, generally relates to, among other things, uninterrupted transmission of internet
protocol (IP) transmissions during endpoint changes.

 7.2
U.S. Patent No. 9,154,417, issued October 6, 2015, generally relates to, among other things, uninterrupted transmission, where in
response to an IP transmission at a media relay, a session information record is processed in a certain manner.

 7.3
U.S. Patent No. 10,021,729, issued July 10, 2018, generally relates to, among other things, facilitating an uninterrupted internet
protocol (IP) communication session, involving internet protocol transmissions between a first entity and a second entity, during endpoint
changes.

 7.4
European Patent No. 2,478,678 and Canadian Patent No. 2,812,174 relate to subject matter similar to the aforesaid U.S. patents
( see above descriptions).

 NOTE
BENE: While the above generalized descriptions of the Company's patents have been provided for convenience, they are provided merely
as a rough guide and are not intended to fully characterize the scope of the Company's legal rights. Reviewers are therefore advised
to conduct their own legal analysis of the Company's patents and not merely to rely on the above cursory descriptions.

 Amount
Spent on Research and Development

 For
the two years ended September 30, 2023 and 2022, the Company has incurred no research and development expenses.

 Employees

 We
have two full time employees. The Company utilizes various consultants and contractors for other services.

 Emerging
Growth Company Status

 We
are an "emerging growth company" as that term is used in the Jumpstart Our Business Startups Act of 2012 (the "JOBS
Act") and, as such, have elected to comply with certain reduced public company reporting requirements for future filings.

 In
April 2012, the Jumpstart Our Business Startups Act ("JOBS Act") was enacted into law. The JOBS Act provides, among other
things:

 -

 Exemptions
 for "emerging growth companies" from certain financial disclosure and governance requirements for up to five years and
 provides a new form of financing to small companies;

 -

 Amendments
 to certain provisions of the federal securities laws to simplify the sale of securities and increase the threshold number of record
 holders required to trigger the reporting requirements of the Securities Exchange Act of 1934, as amended;

 -

 Relaxation
 of the general solicitation and general advertising prohibition for Rule 506 offerings;

 -

 Adoption
 of a new exemption for public offerings of securities in amounts not exceeding $50 million; and

 -

 Exemption
 from registration by a non-reporting company of offers and sales of securities of up to $1,000,000 that comply with rules to be adopted
 by the SEC pursuant to Section 4(6) of the Securities Act and exemption of such sales from state law registration, documentation
 or offering requirements.

 In
general, under the JOBS Act a company is an "emerging growth company" if its initial public offering ("IPO")
of common equity securities was effected after December 8, 2011 and the company had less than $1 billion of total annual gross revenues
during its last completed fiscal year. We will retain "emerging growth company" status until the earliest of:

 (i)

 the completion of the fiscal year in which the company has total annual gross revenues of $1 billion or more,

 (ii)

 the completion of the fiscal year of the fifth anniversary of the company's IPO;

 (iii)

 the company's issuance of more than $1 billion in nonconvertible debt in the prior three-year period, or

 (iv)

 the company becoming a "larger accelerated filer" as defined under the Securities Exchange Act of 1934, as amended.

 The
JOBS Act provides additional new guidelines and exemptions for non-reporting companies and for non-public offerings. Those exemptions
that impact the Company are discussed below.

 Financial
Disclosure. The financial disclosure in a registration statement filed by an "emerging growth company" pursuant to the
Securities Act of 1933, as amended, will differ from registration statements filed by other companies as follows:

 (i)

 audited financial statements required for only two fiscal years
(provided that "smaller reporting companies" such as the Company are only required to provide two years of financial statements);

 (ii)

 selected financial data required for only the fiscal years
that were audited (provided that "smaller reporting companies" such as the Company are not required to provide selected financial
data as required by Item 301 of Regulation S-K); and

 (iii)

 executive compensation only needs to be presented in the limited
format now required for "smaller reporting companies"

 However,
the requirements for financial disclosure provided by Regulation S-K promulgated by the Rules and Regulations of the SEC already provide
certain of these exemptions for smaller reporting companies. The Company is a smaller reporting company. Currently a smaller reporting
company is not required to file as part of its registration statement selected financial data and only needs to include audited financial
statements for its two most current fiscal years with no required tabular disclosure of contractual obligations.

 The
JOBS Act also exempts the Company's independent registered public accounting firm from having to comply with any rules adopted
by the Public Company Accounting Oversight Board ("PCAOB") after the date of the JOBS Act's enactment, except as otherwise
required by SEC rule.

 The
JOBS Act further exempts an "emerging growth company" from any requirement adopted by the PCAOB for mandatory rotation of
the Company's accounting firm or for a supplemental auditor report about the audit.

 Internal
Control Attestation. The JOBS Act also provides an exemption from the requirement of the Company's independent registered public
accounting firm to file a report on the Company's internal control over financial reporting, although management of the Company
is still required to file its report on the adequacy of the Company's internal control over financial reporting. Section 102(a)
of the JOBS Act exempts "emerging growth companies" from the requirements in §14A(e) of the Securities Exchange Act
of 1934 for companies with a class of securities registered under the Securities Exchange Act of 1934, as amended, to hold shareholder
votes for executive compensation and golden parachutes.

 Other
Items of the JOBS Act. The JOBS Act also provides that an "emerging growth company" can communicate with potential investors
that are qualified institutional buyers or institutions that are accredited to determine interest in a contemplated offering either prior
to or after the date of filing the respective registration statement. The JOBS Act also permits research reports by a broker or dealer
about an "emerging growth company" regardless of whether such report provides sufficient information for an investment decision.
In addition, the JOBS Act precludes the SEC and FINRA from adopting certain restrictive rules or regulations regarding brokers, dealers
and potential investors, communications with management and distribution of research reports on the "emerging growth company's"
IPOs.

 Section
106 of the JOBS Act permits "emerging growth companies" to submit registration statements under the Securities Act of 1933,
as amended, on a confidential basis provided that the registration statement and all amendments thereto are publicly filed at least 21
days before the issuer conducts any road show. This is intended to allow "emerging growth companies" to explore the IPO option
without disclosing to the market the fact that it is seeking to go public or disclosing the information contained in its registration
statement until the company is ready to conduct a roadshow.

 Election
to Opt Out of Transition Period. Section 102(b)(1) of the JOBS Act exempts "emerging growth companies" from being required
to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act
of 1933, as amended, registration statement declared effective or do not have a class of securities registered under the Securities Exchange
Act of 1934, as amended) are required to comply with the new or revised financial accounting standard.

 The
JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to
non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of the transition
period. This may make comparison of the Company's financial statements with any other public company which is not either an "emerging
growth company" nor an "emerging growth company" which has opted out of using the extended transition period difficult
or impossible as possible different or revised standards may be used.

 For
so long as we remain an "emerging growth company" as defined in the JOBS Act, we may take advantage of certain exemptions
from various reporting requirements that are applicable to other public companies that are not "emerging growth companies"
as described above. We cannot predict if investors will find our common stock less attractive because we will rely on some or all of
these exemptions. If some investors find our common stock less attractive as a result, there may be a less active trading market for
our common stock and our stock price may be more volatile. If we avail ourselves of certain exemptions from various reporting requirements,
as is currently our plan, our reduced disclosure may make it more difficult for investors and securities analysts to evaluate us and
may result in less investor confidence.

 Item
1A. Risk Factors.

 The
company qualifies as a smaller reporting company and is not required to provide the information required by this Item.

 Item
2. Properties.

 The
Company does not own any properties or facilities. The Company leases office space for operations and administrative purposes.

 Item
3. Legal Proceedings.

 The
Company is party to the following legal proceedings:

 Patent
Litigation

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

 i)
VoIP-Pal.com Inc. v. Facebook, Inc. et al. Case No. 6-20-cv-00267 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 Facebook, Inc. and certain
related entities, alleging infringement of U.S. Patent No. 10,218,606. On July 22, 2022, the Western District of Texas granted Facebook's
motion to transfer the case to the Northern District of California. The case number is Case No. 3:22-cv-4279-JD. On June 6, 2023, the
parties stipulated to the dismissal of the case. On June 7, 2023, the court dismissed the case.

 ii)
VoIP-Pal.com Inc. v. Google, LLC fka Google, Inc. Case No. 6-20-cv-00269 in 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 Google, alleging infringement
of U.S. Patent No. 10,218,606. On September 21, 2022, the Western District of Texas granted Google's motion to transfer the case
to the Northern District of California. The case number is Case No. 3:22-cv-5419-JD. On June 6, 2023, the parties stipulated to the dismissal
of the case. On June 7, 2023, the court dismissed the case.

 iii)
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.

 iv)
VoIP-Pal.com, Inc. v. Facebook, Inc. et al Case No. 6-21-cv-665 in the United States District Court, Western District of Texas

 On
September 25, 2021, the Company filed a lawsuit in the US District Court, Western District of Texas, against Facebook, Inc. and WhatsApp,
Inc. alleging infringement of U.S. Patent Nos. 8,630,234 and 10,880,721. On May 31, 2022, the Western District of Texas court granted
Facebook and WhatsApp's motion to transfer the case to the Northern District of California. The case number is Case No. 3:22-cv-3202-JD.
On June 6, 2023, the parties stipulated to the dismissal of the case. On June 7, 2023, the court dismissed the case.

 v)
VoIP-Pal.com, Inc. v. Google, LLC Case No. 6-21-cv-667 in the United States District Court, Western District of Texas

 On
September 25, 2021, the Company filed a lawsuit in the US District Court, Western District of Texas, against Google LLC alleging infringement
of U.S. Patent Nos. 8,630,234 and 10,880,721. On May 31, 2022, the Western District of Texas granted Google's motion to transfer
the case to the Northern District of California. The case number is Case No. 3:22-cv-3199-JD. On June 6, 2023, the parties stipulated
to the dismissal of the case. On June 7, 2023, the court dismissed the case.

 vi)
VoIP-Pal.com, Inc. v. Amazon.com, Inc. et al. Case No. 6-21-cv-668 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 Amazon and related entities
alleging infringement of U.S. Patent Nos. 8,630,234 and 10,880,721. On June 26, 2023, the parties stipulated to the dismissal of the
case. On June 29, 2023, the court closed the case.

 vii)
VoIP-Pal.com, Inc. v. Verizon Comms., Inc. 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. The case is pending.

 viii)
VoIP-Pal.com, Inc. v. T-Mobile US, Inc. et al. Case No. 6-21-cv-668 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 T-Mobile and related entities
alleging infringement of U.S. Patent Nos. 8,630,234 and 10,880,721. The case is pending.

 ix)
VoIP-Pal.com Inc v Samsung Electronics Co. et al Case No. 6-21-cv-1246 in U.S. District Court, Western District of Texas

 On
November 30, 2021, the Company filed a lawsuit in the U.S. District Court, Western District of Texas, against Samsung & related entities
alleging infringement of U.S. Patent Nos. 8,630,234 & 10,880,721. On June 21, 2023, the parties stipulated to the dismissal of the
case and the court closed the case.

 x)
VoIP-Pal.com Inc v Huawei Technologies Co, Ltd. et al Case No. 6-21-cv-1247 in US District Court, Western District of Texas

 On
November 30, 2021, the Company filed a lawsuit in the U.S. District Court, Western District of Texas, against Huawei and related entities
alleging infringement of U.S. Patent Nos. 8,630,234 and 10,880,721. On January 18, 2023, the Western District of Texas granted Huawei's
motion to transfer the case to the Northern District of Texas. The case no. is 3:23-cv-00151. The case is pending.

 xi)
Twitter, Inc. v. VoIP-Pal.com Inc. Case No. 3:21-cv-9773 in the U.S. District Court, Northern District of California

 On
December 17, 2021, Twitter filed a declaratory judgment lawsuit against the Company in the United States District Court, Northern District
of California, alleging non-infringement of U.S. Patent Nos. 8,630,234 and 10,880,721. On June 6, 2023, the parties stipulated to the
dismissal of the case. On June 7, 2023, the court dismissed the case.

 Non-Patent
Litigation

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

 Locksmith
Financial Corporation, Inc. et al. (Plaintiff(s)) v VoIP-Pal.com Inc. et al (Defendant(s)) (Case No A-20-807745-C) filed in Clark County
District Court.

 On
January 1, 2020, the Plaintiffs filed suit in Nevada District Court claiming that they were owed 95,832,000 Voip-Pal common shares from
a previous case involving the Plaintiff and the Defendant that had been through a jury trial in 2019, in which the jury had made an award
to the Plaintiff that was monetary only, and did not include said shares - following the jury's decision in the 2019 trial, the
Plaintiff accepted the award and waived their right to appeal. Voip-Pal vigorously disputed the Plaintiff's 2020 claims on the
basis of claim preclusion (the 2020 claims were addressed in the previous action in 2019 and are now precluded); that Plaintiffs'
claims are untimely, and that the Plaintiffs no longer have standing to bring their claims.

the year ended September 30, 2022, the Court entered a judgment in favor of VoIP-Pal.com Inc and co-defendants, dismissing the 2020 case.
The Plaintiffs filed an appeal with the Nevada Supreme Court.

the year ended September 30, 2023, following a hearing of the appeal, the Nevada Supreme Court ruled to reverse the lower court's
judgment and remanded the case back to the lower court for further proceedings. The Defendants (Voip-Pal et al) filed a motion to the
Supreme Court for reconsideration, however that motion was denied, and a trial date was set for November 28, 2023.

 Subsequent
to the year ended September 30, 2023,on November 30, 2023, after the completion of trial, the Eighth Judicial District Court for the
State of Nevada rendered its decision in favor of VoIP-Pal upon all claims in the case, ruling that the Plaintiffs had not met their
burden of proof with respect to any of its claims against VoIP-Pal et al, awarding no damages to Locksmith and specifically ruling that
Locksmith take nothing as a result of the litigation. The case is now closed.

 Item
4. Mine Safety Disclosures.

 Not
applicable.

 PART
II

 Item
5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

 Market

 Our
common stock is quoted on the OTCQB with the OTC Markets Group, Inc. under the symbol "VPLM". The OTCQB is an inter- dealer
quotation and trading system where market makers apply to quote securities. Accordingly, the OTCQB is not considered a market, and there
is, therefore, no public market for our Common Stock.

 Holders

 We
had approximately 575 holders of record of our common stock as of September 30, 2023 according to the books of our transfer agent. The
number of our stockholders of record excludes any estimate by us of the number of beneficial owners of shares held in street name, the
accuracy of which cannot be guaranteed.

 Dividends

 We
have not declared a dividend on our common stock, and we do not anticipate the payment of dividends in the near future as we intend to
reinvest our profits to grow our business. There are no restrictions in our articles of incorporation or bylaws that restrict us from
declaring dividends. The Nevada Revised Statutes, however, prohibit us from declaring dividends where, after giving effect to the distribution
of the dividend:

 we
 would not be able to pay our debts as they become due in the usual course of business; or

 our
 total assets would be less than the sum of our total liabilities, plus the amount that would be needed to satisfy the rights of shareholders
 who have preferential rights superior to those receiving the distribution.

Authorized for Issuance Under Equity Compensation Plans

 In
order to provide incentive to its directors, officers, management, employees, consultants and others who provide services to the Company
or any subsidiary (the "Service Providers") to act in the best interests of the Company, and to retain such Service Providers,
the Company has in place an incentive Stock Option Plan (the "Plan"). Under the Plan, the Company is authorized to issue
up to 10% of its issued and outstanding share capital in options to purchase common shares of the Company. The maximum term of options
granted under the Plan cannot exceed ten years, with vesting terms determined at the discretion of the Board of Directors.

the year ended September 30, 2022, the Company granted 77,000,000 options to purchase 77,000,000 common shares at a price of $0.025 to
its consultants and advisors, of which 69,500,000 are currently outstanding and exercisable. On April 24, 2023, the stock options issued
on May 30, 2022 were re-priced from $0.025 to $0.005. The options have varied vesting provisions and are exercisable for a period of
five years from the date of grant.

the year ended September 30, 2023, the Company granted 75,000,000 options to purchase 75,000,000 common shares at a price of $0.005 per
share to its directors, consultants and advisors, of which 68,500,000 are currently exercisable. The options have varied vesting provisions
and are exercisable for a period of five years from the date of grant.

 As
at September 30, 2023, the Company has 209,500,000 stock options outstanding at an average exercise price of $0.005 per share, with a
remaining contractual life of an average of 3.68 years, of which 203,000,000 are vested and exercisable.

 Recent
Sales of Unregistered Securities

 The
transactions described in this section were exempt from securities registration as provided by Section 4(a)(2) of the Securities Act
for transactions not involving a public offering.

Issued for Services Rendered

the year ended September 30, 2018, the Company issued 104,313,833 shares of common stock at prices between $0.02 and $0.06 per share
to various individuals or entities for services valued at $4,461,789.

the year ended September 30, 2019, the Company issued 17,410,000 shares of common stock at prices between $0.02 and $0.04 per share to
various individuals or entities for services valued at $540,200 and 127,000,000 common shares as bonus compensation, recorded as an expense
to the Company of $5,080,000.

the year ended September 30, 2020, the Company issued 33,250,000 shares of common stock at prices between $0.005 and $0.03 per share
to various individuals or entities for services with an aggregate value of $534,500.

the year ended September 30, 2021, the Company issued 17,800,000 shares of common stock at prices between $0.005 and $0.02
per share to various individuals or entities for services with an aggregate value of $298,900.

the year ended September 30, 2022, the Company issued 9,000,000 shares of common stock at prices between $0.011 and $0.012 per share
to various individuals or entities for services with an aggregate value of $101,600.

the year ended September 30, 2023, the Company issued 14,500,000 shares of common stock at a price of $0.005 per share to various individuals
or entities for services with an aggregate value of $72,500.

Issued for Convertible Debt or in Settlement of Debt

the year ended September 30, 2018, the Company issued 174,983,685 shares of common stock at a price of $0.038 per share pursuant to the
anti-dilution clause of the Digifonica share purchase agreement dated June 25, 2013 for an aggregate value of $6,684,377.

the year ended September 30, 2019, the Company issued 225,184,791 shares of common stock priced between $0.003 and $0.04 per share pursuant
to the anti-dilution clause of the Digifonica share purchase agreement dated June 25, 2013 for an aggregate value of $5,124,641.

Issued for Cash Proceeds

the year ended September 30, 2018, the Company issued:

 -

 108,147,749
 shares of common stock at prices between $0.015 and $0.06 per common share to various individuals or entities for cash proceeds of
 $3,343,940 from the private placement of common shares;

 -

 6,306,000
 units at prices between $0.0125 and $0.02 per unit to various individuals or entities for cash proceeds of $98,120 from the private
 placement of units of the Company's common stock. Each unit consists of one common share and one common share purchase warrant.
 Each common share purchase warrant allows the holder to purchase one common share for $0.04 for a period of twelve months from the
 date of issuance; and

 -

 50,125,000
 common shares at $0.04 per common share to various individuals or entities for cash proceeds of $2,005,000 on the exercise of 50,125,000
 common share purchase warrants.

the year ended September 30, 2019, the Company issued:

 -

 5,475,000
 shares of common stock at $0.04 per common share to various individuals or entities for cash proceeds of $219,000 from the private
 placement of common shares;

 -

 6,306,000
 common shares at $0.04 per common share to various individuals or entities for cash proceeds of $252,240 on the exercise of 6,306,000
 common share purchase warrants.

the year ended September 30, 2020, the Company issued 44,354,000 common shares priced between $0.005 and $0.015 per common share to various
individuals or entities for cash proceeds of $299,310 from private placements of common shares.

the year ended September 30, 2021, the Company issued 193,201,500 common shares priced between $0.005 and $0.01 per share for cash proceeds
of $1,018,515 from a private placement of common shares.

the year ended September 30, 2022, the Company issued 246,550,000 common shares priced at $0.005 per common share to various individuals
or entities for cash proceeds of $1,232,750 from the private placement of common shares.

the year ended September 30, 2023, the Company issued 983,720,000 common shares priced at $0.005 per common share to various individuals
or entities for cash proceeds of $4,918,600 from the private placement of common shares.

 Item
6. Selected Financial Data.

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

 Item
7. Management's Discussion and Analysis of Financial Condition and Results of Operations.

 The
following management's discussion and analysis (MD&A) should be read in conjunction with our audited consolidated financial
statements for the year ended September 30, 2023 and notes thereto appearing elsewhere in this report, and our audited consolidated financial
statements for the year ended September 30, 2022 and notes thereto.

 CAUTIONARY
STATEMENT REGARDING FORWARD-LOOKING INFORMATION

 This
MD&A for the year ending September 30, 2023 contains forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amending, and Section 21E of the Securities Exchange Act of 1934, as amending. Forward-looking statements may be identified
by the use of forward-looking terminology, such as "may", "shall", "could", "expect",
"estimate", "anticipate", "predict", "probable", "possible", "should",
"continue", or similar terms, variations of those terms or the negative of those terms. The forward-looking statements specified
in the following information have been compiled by our management based on assumptions made by management and are considered by management
to be reasonable. Our future operating results, however, are impossible to predict and no representation, guaranty, or warranty is to
be inferred from those forward-looking statements.

 The
assumptions used for purposes of the forward-looking statements specified in the following information represent estimates of future
events and are subject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. As a result,
the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among
reasonable alternatives require the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially
from anticipated or projected results, and, accordingly, no opinion is expressed on the achievability of those forward- looking statements.
No assurance can be given that any of the assumptions relating to the forward-looking statements specified in the following information
are accurate, and we assume no obligation to update any such forward-looking statements.

 CORPORATE
HISTORY, OVERVIEW AND PRINCIPAL BUSINESS

 VoIP-PAL.com
Inc. (the "Company") was incorporated in the state of Nevada in September 1997 as All American Casting International, Inc.
and changed its name to VOIP MDI.com in 2004 and subsequently to Voip-Pal. Com Inc. in 2006. Since March 2004, the Company has been in
the development stage of becoming a Voice-over-Internet Protocol ("VoIP") re-seller, a provider of a proprietary transactional
billing platform tailored to the points and air mile business, and a provider of anti-virus applications for smartphones. All business
activities prior to March 2004 have been abandoned and written off to deficit.

 In
2013, the Company acquired Digifonica International (DIL) Limited ("Digifonica"), to fund and co-develop Digifonica's
patent suite. Digifonica had been founded in 2003 with the vision that the internet would be the future of all forms of telecommunications
- a team of twenty top engineers with expertise in Linux and Internet telephony developed and wrote a software suite with applications
that provided solutions for several core areas of internet connectivity. In order to properly test the applications, Digifonica built
and operated three production nodes in Vancouver, Canada (Peer 1), London, UK (Teliasonera), and Denmark. Upon successfully developing
the technology, Digifonica filed for patents with the United States Patent and Trademark Office ("USPTO").

 The
Digifonica patents formed the basis for the Company's current intellectual property, now a worldwide portfolio of twenty-six issued
and pending patents primarily designed for the broadband VoIP market.

 The
Company's intellectual property value is derived from its issued and pending patents. The inventions described in these patents,
among other things, provide the means to integrate VoIP services with legacy telecommunications systems such as the public switched telephone
network (PSTN) to create a seamless service using either legacy telephone numbers or IP addresses, and enhance the performance and value
of VoIP implementations worldwide.

 VoIP
has been and continues to be a green field for innovation that has spawned numerous inventions, greatly benefitting consumers large and
small across the globe. VoIP is used in many places and by every modern telephony system vendor, network supplier, and retail and wholesale
carrier.

 Results
of Operations

 The
Company's operating costs consist of expenses incurred to monetizing, selling and licensing its VoIP patents. Other operating costs
include expenses for legal, accounting and other professional fees, financing costs, and other general and administrative expenses.

 Comparison
of the Years Ending September 30, 2023 and 2022

 Year Ended September 30,

 Increase

 2023

 2022

 (Decrease)

 Percentage

 Revenue

 $
 -

 $
 -

 $
 -

 $
 -

 Cost of revenue

 -

 -

 -

 -

 Gross margin

 -

 -

 -

 -

 General and administrative expenses

 (3,136,404
)

 (1,195,619
)

 1,940,785

 %

 Amortization & depreciation

 (140,458
)

 (140,458
)

 -

 -

 Stock based compensation

 (20,076,567
)

 (2,356,339
)

 17,720,228

 %

 Other (income)

 244,420

 -

 244,420

 %

 Net loss

 $
 (23,109,009
)

 $
 (3,692,416
)

 $
 19,416,593

 %

 REVENUES,
COST OF REVENUES AND GROSS MARGIN

 The
Company had no revenues, cost of revenues or gross margin for the years ending September 30, 2023 and 2022.

 GENERAL
AND ADMINISTRATIVE EXPENSES

 General
and administrative expenses for the year ending September 30, 2023 totaled $3,136,404 compared to $1,195,619 during 2022. The increase
in general and administrative expenses of $1,940,785 or 162% more than the previous year, was primarily due to an increase in legal and
professional fees and services.

 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.

 AMORTIZATION
AND DEPRECIATION

 Amortization
of the intellectual VoIP communications patent properties and depreciation of fixed assets for the year ending September 30, 2023 totaled
$140,458 compared to $140,458 for the year ended September 30, 2022. There was no difference between depreciation and amortization expense
for the year ending September 30, 2023 as compared to 2022.

 The
Company follows GAAP (FAS 142) and is amortizing its intangibles over an estimated patent life of twelve (12) years. The Company evaluates
its intangible assets annually and determines if the fair market value is less than its historical cost. If the fair market value is
less, then impairment expense is recorded on the Company's financial statements. The intangible assets on the financial statements
of the Company relate primarily to the Company's acquisition of Digifonica (International) Limited.

 OTHER
ITEMS

 Other
income for the year ending September 30, 2022 totaled $244,420 compared to $Nil during 2022. The increase in other income of $244,420,
or 100% more than the previous year, which $59,420 was primarily due to the Company entering into settlement agreements with vendors
pursuant to which they relinquished debt owed by the Company, and $185,000 was due to the Company entering into a settlement and
release agreement with a party to resolve all aspects of a litigation regarding certain of VoIP-Pal's patents.

 INTEREST
EXPENSE

 The
Company had no financing or interest costs for the years ending September 30, 2023 and 2022.

 NET
LOSS

 The
Company reported a net loss of $23,109,009 for the year ended September 30, 2023 compared to a net loss of $3,692,416 for the year ended
September 30, 2022. The increase in net loss of $19,416,593 or 526% more than the previous year was primarily due to an increase in stock-based
compensation and legal and professional fees.

 LIQUIDITY
AND CAPITAL RESOURCES

 As
of September 30, 2023, the Company had an accumulated deficit of $93,185,588 as compared to an accumulated deficit of $70,076,579 at
September 30, 2022. As of September 30, 2023, the Company had working capital of $2,198,010 as compared to working capital of $148,053
at September 30, 2022. The increase in the Company's working capital of $2,049,957 is due to proceeds received from a private placement
of the Company's stock.

 Net
cash used by operations for the years ending September 30, 2023 and 2022 was $3,006,496 and $1,103,768, respectively. The increase in
net cash used for operations for the year ending September 30, 2023 as compared to the year ending September 30, 2022 was primarily due
to an increase in legal fees and professional services.

 Net
cash used in investing activities for the years ending September 30, 2023 and 2022 was $Nil. Net cash provided from financing activities
for the years ending September 30, 2023 and 2022 was $4,918,600 and $1,232,750, respectively. The increase in net cash provided by financing
activities of $3,685,850 was due to equity raised from private placements during the year ending September 30, 2023.

 Liquidity

 The
Company primarily finances its operations from cash received through the private placement of its common stock, settling outstanding
debts, and the exercise of warrants from investors. While there can be no assurance that capital will be available as necessary to meet
continued developments and operating costs or, if the capital is available, that it will be on terms acceptable to the Company, the Company
believes its resources are adequate to fund its operations for the next 12 months.

 Off-Balance
Sheet Arrangements

 Performance
Bonus Payable

 In
2016, the board of directors authorized the Company to provide a performance bonus (the "Performance Bonus") of up to 3%
of the capital stock of the Company by way of the issuance of Common shares from 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, 2023, 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, 2023. We cannot assure
you that future inflation will not have an adverse impact on our operating results and financial condition.

 Impact
of COVID-19

 In
March 2020, the World Health Organization declared a global pandemic related to the COVID-19 coronavirus. Its impact on global economies
has been far-reaching and businesses around the world are being forced to cease or limit operations for long or indefinite periods of
time. Measures taken to contain the spread of the COVID-19 virus, including travel bans, quarantines, social distancing, and closures
of non-essential services have triggered significant disruptions to businesses worldwide, resulting in an economic slowdown. Global stock
markets have also experienced great volatility and significant declines. Governments and central banks have responded with monetary and
fiscal interventions to stabilize economic conditions.

 The
duration and impact of the COVID-19 pandemic, as well as the effectiveness of government and central bank responses, remains unclear
at this time. It is not possible to reliably estimate the duration and severity of the COVID-19 pandemic, nor its impact on the financial
position and results of the Company in future periods. The Company is proceeding with its business activities as long as the work environment
remains safe – at this point there has been minimal disruption to day-to-day operations resulting from health and safety measures.
Disruptions and volatility in the global capital markets may increase the Company's cost of capital and adversely impact access
to capital.

 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.

 Item
8. Financial Statements and Supplementary Data.

INC.

 CONSOLIDATED FINANCIAL STATEMENTS

 Fiscal
Year ending September 30, 2023

 CONSOLIDATED BALANCE SHEETS

 CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS

 CONSOLIDATED STATEMENTS OF CASH FLOWS

 CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

 REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 To the Shareholders and Directors of

 Voip-pal.com Inc.

 Opinion on the Consolidated Financial Statements

 We have audited the accompanying consolidated balance
sheets of Voip-pal.com Inc. (the "Company") as of September 30, 2023 and 2022, and the related consolidated statements
of loss and comprehensive loss, cash flows, and stockholders' equity for the years ended September 30, 2023 and 2022, and the related
notes and schedules (collectively referred to as the "financial statements"). In our opinion, the consolidated financial statements
present fairly, in all material respects, the financial position of the Company as of September 30, 2023 and 2022, and the results of
its operations and its cash flows for the years ended September 30, 2023 and 2022, in conformity with accounting principles generally
accepted in the United States of America.

 Going Concern

 The accompanying consolidated financial statements
have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the consolidated financial statements,
the entity has suffered recurring losses from operations that raise substantial doubt about its ability to continue as a going concern.
Management's plans in regard to these matters are also described in Note 1. The consolidated financial statements do not include any adjustments
that might result from the outcome of this uncertainty.

 Basis for Opinion

 These consolidated financial statements are the responsibility
of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. We are
a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required
to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations
of the Securities and Exchange Commission and the PCAOB.

 We conducted our audits in accordance with the standards
of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform,
an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal
control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the entity's internal
control over financial reporting. Accordingly, we express no such opinion.

 Our audits included performing procedures to assess
the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 We have served as the Company's auditor since
2015.

 /s/
 DAVIDSON & COMPANY LLP

 Vancouver,
 Canada

 Chartered
 Professional Accountants

 December 20, 2023

 PCAOB
 ID # 731

INC.

 CONSOLIDATED
BALANCE SHEETS

 As
at

 (Expressed
in U.S. Dollars)

 September 30,

 September 30,

 2023

 2022

 ASSETS

 CURRENT

 Cash

 $
 2,217,589

 $
 305,485

 Prepaid expense

 6,000

 -

 Retainer (Note 5)

 36,183

 1,181

 TOTAL CURRENT ASSETS

 2,259,772

 306,666

 NON-CURRENT

 Fixed assets (Note 6)

 2,132

 4,390

 Intellectual VoIP communications patent properties, net (Note 7)

 226,550

 364,750

 TOTAL ASSETS

 $
 2,488,454

 $
 675,806

 LIABILITIES

 CURRENT

 Accounts payable and accrued liabilities

 $
 61,762

 $
 158,613

 TOTAL LIABILITIES

 61,762

 158,613

 STOCKHOLDERS' EQUITY

 SHARE CAPITAL (Note 10)

 $
 2,491,993

 $
 1,463,465

 PREFERRED SHARE CAPITAL (Note 10)

 7,350

 4,750

 ADDITIONAL PAID-IN CAPITAL (Note 10)

 93,112,937

 69,064,237

 SHARES TO BE ISSUED (Note 10)

 -

 61,320

 DEFICIT

 ( 93,185,588
)

 ( 70,076,579
)

 TOTAL
 STOCKHOLDERS' EQUITY

 2,426,692

 517,193

 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

 $
 2,488,454

 $
 675,806

 Nature
and Continuance of Operations (Note 1)

 Contingent Liabilities (Note 14)

 The
accompanying notes are an integral part of these consolidated financial statements

INC.

 CONSOLIDATED
STATEMENTS OF LOSS AND COMPREHENSIVE LOSS

 For
the Fiscal Years ending

 (Expressed
in U.S. Dollars)

 30,

 30,

 2023

 2022

 EXPENSES

 Amortization (Note
 6 & 7)

 $
 140,458

 $
 140,458

 Officers and Directors fees
 (Note 8)

 100,218

 74,255

 Legal fees

 2,004,405

 661,861

 Office & general

 341,980

 140,682

 Patent consulting fees

 8,921

 Professional fees & services

 689,387

 309,900

 Stock-based compensation (Note
 11)

 20,076,567

 2,356,339

 Total expenses

 $
 23,353,429

 $
 3,692,416

 OTHER INCOME

 Gain on settlement (Note 12)

 ( 185,000
)

 -

 Gain on settlement of accrued
 payables (Note 12)

 ( 59,420
)

 -

 Total
 other income

 ( 244,420
)

 -

 LOSS AND COMPREHENSIVE LOSS
 FOR THE YEAR

 $
)

 $
)

 Basic and diluted loss per
 common share

 $
 ( 0.01
)

 $
 -

 Weighted-average number of
 common shares outstanding, basic and diluted

 2,411,986,215

 1,977,278,873

 The
accompanying notes are an integral part of these consolidated financial statements

INC.

 CONSOLIDATED
STATEMENTS OF CASH FLOWS

 For
the Fiscal Years ended

 (Expressed
in U.S. Dollars)

 September 30,

2023

 September 30,

2022

 Cash Flows used in Operating Activities

 Loss for the year

 $
)

 $
)

 Add items not affecting cash:

 Shares issued for services

 84,661

 101,600

 Amortization

 140,458

 140,458

 Gain on settlement of accrued payables

 ( 59,420
)

 -

 Stock-based compensation

 20,076,567

 2,356,339

 Changes in non-cash working capital:

 Retainer

 ( 35,002
)

 13,237

 Accounts payable and accrued liabilities

 ( 98,751
)

 ( 22,986
)

 Prepaid expense

 ( 6,000
)

 -

 Cash Flows Used in Operations

 ( 3,006,496
)

 ( 1,103,768
)

 Cash Flows from Financing Activities

 Proceeds from private placement

 4,918,600

 1,232,750

 Cash Flows Provided by Financing Activities

 4,918,600

 1,232,750

 Increase in cash

 1,912,104

 128,982

 Cash, beginning of the year

 305,485

 176,503

 Cash, end of the year

 $
 2,217,589

 $
 305,485

 Supplemental
cash flow information (Note 9)

 The
accompanying notes are an integral part of these consolidated financial statements

INC.

 CONSOLIDATED
STATEMENTS OF STOCKHOLDERS' EQUITY

 (Expressed
in U.S. dollars)

 Number

 Par Value

 Number

 Par Value

 Value

 Capital

 Deficit

 Total

 Common Shares

 Preferred Shares

 Shares to be Issued

 Additional Paid-in

 Number

 Par Value

 Number

 Par Value

 Value

 Capital

 Deficit

 Total

 Balance at September 30, 2021

 1,731,447,863

 $
 1,207,915

 -

 -

 $
 61,320

 $
 65,633,848

 $
 ( 66,384,163
)

 $
 518,920

 Shares issued for private placement

 246,550,000

 246,550

 -

 -

 -

 986,200

 -

 1,232,750

 Shares issued for services

 9,000,000

 9,000

 -

 -

 -

 92,600

 -

 101,600

 Stock-based compensation

 -

 -

 475,000

 4,750

 -

 2,351,589

 -

 2,356,339

 Loss for the year

 -

 -

 -

 -

 -

 -

)

)

 Balance at September 30, 2022

 1,986,997,863

 $
 1,463,465

 475,000

 $
 4,750

 $
 61,320

 $
 69,064,237

 $
 ( 70,076,579
)

 $
 517,193

 Balance, value

 1,986,997,863

 $
 1,463,465

 475,000

 $
 4,750

 $
 61,320

 $
 69,064,237

 $
 ( 70,076,579
)

 $
 517,193

 Shares issued for private placement

 983,720,000

 983,720

 -

 -

 -

 3,934,880

 -

 4,918,600

 Shares issued for services

 14,500,000

 14,500

 121,611

 1,216

 -

 68,945

 -

 84,661

 Stock-based compensation

 -

 -

 138,420

 1,384

 -

 20,075,183

 -

 20,076,567

 Exercise of stock options

 32,500,000

 32,500

 -

 -

 -

 ( 32,500
)

 -

 -

 Return to treasury for cashless option exercise

 ( 2,192,572
)

 ( 2,192
)

 -

 -

 -

 2,192

 -

 -

 Gain on settlement, issuance cancelled

 -

 -

 -

 -

 ( 61,320
)

 -

 -

 ( 61,320
)

 Loss for the year

 -

 -

 -

 -

 -

 -

)

)

 Balance at September 30, 2023

 3,015,525,291

 $
 2,491,993

 735,031

 $
 7,350

 $
 -

 $
 93,112,937

 $
 ( 93,185,588
)

 $
 2,426,692

 Balance value

 3,015,525,291

 $
 2,491,993

 735,031

 $
 7,350

 $
 -

 $
 93,112,937

 $
 ( 93,185,588
)

 $
 2,426,692

 The
accompanying notes are an integral part of these consolidated financial statements

INC.

 Notes

 NOTE
1. NATURE AND CONTINUANCE OF OPERATIONS

 VOIP-PAL.com,
Inc. (the "Company") was incorporated in the state of Nevada in September 1997 as All American Casting International, Inc.
The Company's registered office is located at 7215 Bosque Blvd, Suite 102, Waco, Texas in the United States of America.

 Since
March 2004, the Company has developed technology and patents related to Voice-over-Internet Protocol (VoIP) processes. All business activities
prior to March 2004 have been abandoned and written off to deficit. The Company operates in one reportable segment being the acquisition
and development of VoIP-related intellectual property including patents and technology. All intangible assets are located in the United
States of America.

 In
December 2013, the Company completed the acquisition of Digifonica (International) Limited, a private company controlled by the CEO of
the Company, whose assets included several patents and technology developed for the VoIP market.

 These
consolidated financial statements have been prepared on the basis of a going concern, which contemplates the realization of assets and
discharge of liabilities in the normal course of business. The Company is in various stages of product development and continues to incur
losses and, as at September 30, 2023, had an accumulated deficit of $ 93,185,588 (September 30, 2022 - $ 70,076,579). The ability of the
Company to continue operations as a going concern is dependent upon raising additional working capital, settling outstanding debts and
the exercise of warrants from investors. These material uncertainties raise substantial doubt about the Company's ability to continue
as a going concern. Should the going concern assumption not continue to be appropriate, further adjustments to carrying values of assets
and liabilities may be required. There can be no assurance that capital will be available as necessary to meet these continued developments
and operating costs or, if the capital is available, that it will be on terms acceptable to the Company. The issuances of additional
stock by the Company may result in a significant dilution in the equity interests of its current shareholders. Obtaining commercial loans,
assuming those loans would be available, will increase the Company's liabilities and future cash commitments. If the Company is
unable to obtain financing in the amounts and on terms deemed acceptable, its business and future success may be adversely affected.

 Additionally,
as the Company's stated objective is to monetize its patent suite through the licensing or sale of its intellectual property ("IP"),
the Company being forced to litigate or to defend its IP claims through litigation casts substantial doubt on its future to continue
as a going concern. IP litigation is generally a costly process, and in the absence of revenue the Company must raise capital to continue
its own defense and to validate its claims – in the event of a failure to defend its patent claims, either because of lack of funding,
a court ruling against the Company or because of a protracted litigation process, there can be no assurance that the Company will be
able to raise additional capital to pay for an appeals process or a lengthy trial. The outcome of any litigation process may have a significant
adverse effect on the Company's ability to continue as a going concern.

 COVID-19

 The
outbreak of COVID-19 had resulted in worldwide emergency measures to combat the spread of the virus. These measures, including significant
restrictions on commercial activity, have adversely affected workforces, economies, and financial markets globally, potentially leading
to an economic downturn. However, starting in the second half year of 2022, restrictions have been gradually eased, and while variants
of COVID-19 continue to emerge, it appears that much of the impact of the pandemic on business may now be behind us. A new potential
challenge is the impact of inflationary economic conditions on business activity but the consequences of this for the Company's
business are not yet clear.

 NOTE
2. BASIS OF PRESENTATION

 The
accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the
United States of America ("US GAAP").

INC.

 Notes

 NOTE
3. SIGNIFICANT ACCOUNTING POLICIES

 Principles
of Consolidation

 These
consolidated financial statements have been prepared on a consolidated basis and include the accounts of the Company and its wholly owned
subsidiary, Digifonica. All intercompany transactions and balances have been eliminated. As at September 30, 2023, Digifonica had no
activities.

 Use
of Estimates

 The
preparation of these consolidated financial statements required management to make estimates and assumptions that affect the reported
amounts of assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the
reporting period. Actual results could differ from these estimates. Where estimates have been used, financial results as determined by
actual events could differ from those estimates. Some of the more significant accounting estimates used in the preparation of the company's
financial statements include deferred income taxes, the valuation of equity-related instruments issued, and the useful life and impairment
of intangible assets.

 Cash

 Cash
consists of cash on hand, cash held in trust, and monies held in checking and savings accounts. The Company had $ 2,217,589 in cash on
September 30, 2023 (September 30, 2022 - $ 305,485).

 Fixed
Assets

 Fixed
assets are stated at cost less accumulated depreciation, and depreciated using the straight-line method over their useful lives; Furniture
and computers – 5 years.

 Intangible
Assets

 Intangible
assets, consisting of VoIP communication patent intellectual properties (IP) are recorded at cost and amortized over the assets estimated
life on a straight-line basis. Management considers factors such as remaining life of the patents, technological usefulness and other
factors in estimating the life of the assets.

 The
carrying value of intangible assets are reviewed for impairment by management of the Company at least annually or upon the occurrence
of an event which may indicate that the carrying amount may be less than its fair value. If impaired, the Company will write- down such
impairment. In addition, the useful life of the intangible assets will be evaluated by management at least annually or upon the occurrence
of an event which may indicate that the useful life may have changed.

 Fair
Value of Financial Instruments

 FASB
ASC 820, Fair Value Measurement, defines fair value as the price that would be received upon sale of an asset or paid upon transfer of
a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market
for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the
asset or liability, not on assumptions specific to the entity.

 The
Company classifies financial assets and liabilities as held-for-trading, available-for-sale, held-to-maturity, loans and receivables
or other financial liabilities depending on their nature. Financial assets and financial liabilities are recognized at fair value on
their initial recognition, except for those arising from certain related party transactions which are accounted for at the transferor's
carrying amount or exchange amount.

 Financial
assets and liabilities classified as held-for-trading are measured at fair value, with gains and losses recognized in net income. Financial
assets classified as held-to-maturity, loans and receivables, and financial liabilities other than those classified as held-for-trading
are measured at amortized cost, using the effective interest method of amortization. Financial assets classified as available-for-sale
are measured at fair value, with unrealized gains and losses being recognized as other comprehensive income until realized, or if an
unrealized loss is considered other than temporary, the unrealized loss is recorded in income.

 U.S.
GAAP establishes a framework for measuring fair value under generally accepted accounting principles and enhances disclosures about fair
value measurements. Fair value is defined as the amount that would be received for an asset or paid to transfer a liability (i.e., an
exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants
on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of
unobservable inputs. The standard describes the following fair value hierarchy based on three levels of inputs, of which the first two
are considered observable and the last unobservable, that may be used to measure fair value:

INC.

 Notes

 NOTE
3. SIGNIFICANT ACCOUNTING POLICIES (CONT'D)

 -

 Level
 1: Quoted prices in active markets for identical assets and liabilities.

 -

 Level
 2: Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities;
 quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data
 for substantially the full term of the assets or liabilities.

 -

 Level
 3: Unobservable inputs supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

 The
fair value of cash is classified as Level 1 at September 30, 2023 and 2022.

 The
Company classifies its financial instruments as follows: Cash is classified as held for trading and is measured at fair value. Accounts
payable and accrued liabilities are classified as other financial liabilities, and have a fair value approximating their carrying value,
due to their short-term nature.

 Income
Taxes

 Deferred
income taxes have been provided for temporary differences between financial statement and income tax reporting under the asset and liability
method, using expected tax rates and laws that are expected to be in effect when the differences are expected to reverse. A valuation
allowance is provided when realization is not considered more likely than not.

 The
Company's policy is to classify income tax assessments, if any, for interest expense and for penalties in general and administrative
expenses. The Company's income tax returns are subject to examination by the IRS and corresponding states, generally for three
years after they are filed.

 Loss
per Common Share

 Basic
loss per share is calculated using the weighted-average number of common shares outstanding during each period. Diluted income per share
includes potentially dilutive securities such as outstanding options and warrants outstanding during each period. To calculate diluted
loss per share, the Company uses the treasury stock method and the if-converted method.

 For
the year ended September 30, 2023 and the year ended September 30, 2023, there were no potentially dilutive securities included in the
calculation of weighted-average common shares outstanding.

 Derivatives

 We
account for derivatives pursuant to ASC 815, Accounting for Derivative Instruments and Hedging Activities. All derivative instruments
are recognized in the consolidated financial statements and measured at fair value regardless of the purpose or intent for holding them.
We determine fair value of warrants and other option-type instruments based on option pricing models. The changes in fair value of these
instruments are recorded in income or expense.

 Preferred
Shares

 The
preferred shares carry super-voting rights with each shared issued having the equivalent of 1,550 votes. Preferred shares issued by the
Company are not convertible into or exchangeable for common shares and they are not exchangeable for equity nor redeemable for cash.
The preferred shares do not pay dividends. The preferred shares cannot be sold, exchanged or transferred to another party.

 Stock-Based
Compensation

 The
Company recognizes compensation expense for all stock-based payments made to employees, directors and others based on the estimated fair
values of its common stock on the date of issuance.

 The
Company determines the fair value of the stock-based compensation payments granted as either the fair value of the consideration received
or the fair value of the equity instruments issued, whichever is more reliably measurable. If the fair value of the equity instruments
issued is used, it is measured using the stock price and other measurement assumptions as of the earlier of either the date at which
a commitment for performance to earn the equity instrument is reached or the date the performance is complete.

 The
Company recognizes compensation expense for stock awards with service conditions on a straight-line basis over the requisite service
period, which is included in operations. Stock option expense is recognized over the option's vesting period.

INC.

 Notes

 NOTE
3. SIGNIFICANT ACCOUNTING POLICIES (CONT'D)

 Concentrations
of Credit Risk

 The
Company's policy is to maintain cash with reputable financial institutions or in retainers with trusted vendors. The Company has
at times had cash balances at financial institutions in excess of the Federal Deposit Insurance Corporation (FDIC) Insurance Limit of

 $ 250,000;
however, has not experienced any losses to date as a result. As of September 30, 2023, the Company's bank operating account balances
exceeded the FDIC Insurance Limit of $ 250,000 by $ 1,967,589.

 Recent
Accounting Pronouncements and Adoption

 ASU
2020-10 – Codification Improvements. In October 2020, the FASB issued ASU 2020-10, Codification Improvements. The guidance contains
improvements to the Codification by ensuring that all guidance that requires or provides an option for an entity to provide information
in the notes to financial statements is codified in the Disclosure Section of the Codification. The guidance also contains Codifications
that are varied in nature and may affect the application of the guidance in cases in which the original guidance may have been unclear.
For public business entities, the amendments in the ASU are effective for fiscal years beginning after December 15, 2020. For all other
entities, the amendments are effective for annual periods beginning after December 15, 2021, and interim periods within annual periods
beginning after December 15, 2022. The Company has adopted the updated standard for the year ended September 30, 2023, which did not
have an effect on the Company's consolidated financial statements.

 The
FASB issues ASUs to amend the authoritative literature in ASC. There have been a number of ASUs to date, including those above, that
amend the original text of ASC. Management believes that those issued to date either (i) provide supplemental guidance, (ii) are technical
corrections, (iii) are not applicable to us or (iv) are not expected to have a significant impact on our consolidated financial statements.

 NOTE
4. PURCHASE OF DIGIFONICA

 The
Company acquired Digifonica in December 2013. Pursuant to the terms in the Share Purchase Agreement (the "SPA"), the Company
acquired 100 % of Digifonica from the seller, the CEO of the Company (the "Seller"), for a cash payment of $ 800,000 and 389,023,561
common shares of the Company. The assets acquired through the acquisition were VoIP-related patented technology, including patents for
Lawful Intercept, routing, billing and rating, mobile gateway, advanced interoperability solutions, intercepting voice over IP communications,
and uninterrupted transmission of internet protocol transmissions during endpoint changes.

 The
SPA included an anti-dilution clause (the "Anti-Dilution Clause") that required the Company to maintain the Seller's
percentage ownership of the Company at 40 % by issuing the Seller a proportionate number of common shares of any future issuance of the
Company's common shares. Shares issued pursuant to the Anti-Dilution Clause were recorded as a share issuance cost within the Additional
Paid-in Capital account (Notes 8 and 10).

the year ended September 30, 2021, on April 12, 2021, the SPA was amended to provide that: a) from its inception until March 31, 2021,
the Company would issue warrants to purchase common shares of the Company in an equivalent amount to and instead of the required shares
being issued pursuant to the Anti-Dilution Clause; and b) the Anti-Dilution Clause would be null and void from April 1, 2021 forward.
As a result of this amendment, the Seller returned 513,535,229 common shares to the treasury of the Company and relinquished his right
to receive an additional 107,935,333 common shares in exchange for 621,470,562 warrants to purchase common shares at a price of $ 0.021
for a period of ten years from the date of issue.

the year ended September 30, 2023, on April 23, 2023, the SPA was further amended to: a) retroactively reinstate the Anti-Dilution Clause
that had been nullified by the amendments made to the STA in April 2021 so that the Company is now required to issue warrants to purchase
common shares of the Company in an equivalent amount to and instead of the required shares being issued pursuant to the original Anti-Dilution
Clause; and b) require the Company to issue preferred shares with super-voting rights in a sufficient amount in order for the Seller
to maintain his 40% voting rights in the Company while his warrants issued pursuant to the original and reinstated Anti-Dilution Clause
remain unexercised ("2023 Amendments"). Each of the warrant issuance and the preferred share issuance required under the
2023 Amendments are to occur at the close of each quarterly reporting period. As a result of the 2023 Amendments, the Seller was issued
 831,466,899 share purchase warrants and 138,420 series A preferred shares on June 30, 2023. Shares and warrants issued pursuant to the
Anti-Dilution Clause are recorded as a share issuance cost within the additional paid-in capital account (Notes 8 and 10).

INC.

 Notes

 NOTE
5. RETAINER

 The
Company has retainers with certain of its professional service providers. The balance due on these prepaid retainers was $ 36,183 as of
September 30, 2023, and $ 1,181 for the year ended September 30, 2022. The Company recognizes the expense from these retainers as they
are invoiced, and the invoiced charges are deducted from the various providers' prepaid retainer balances.

 NOTE
6. FIXED ASSETS

 A
summary of the Company's fixed assets as of September 30, 2023 and September 30, 2022 is as follows:

 SCHEDULE
OF FIXED ASSETS

 30,
 2023

 30,
 2022

 Office furniture & computers

 $
 11,917

 $
 11,917

 Accumulated depreciation

 ( 9,785
)

 ( 7,527
)

 Net book value

 $
 2,132

 $
 4,390

 There
were no retirements of any fixed assets in the years presented.

 NOTE
7. INTANGIBLE ASSETS

 The
Company acquired certain patents and technology from Digifonica in December 2013 (see Note 4). These assets have been recorded in the
consolidated financial statements as intangible assets. These assets are being amortized over twelve ( 12) years on a straight-line basis.
A summary of intangible assets as of September 30, 2023 and September 30, 2022 is as follows:

 SCHEDULE
OF INTANGIBLE ASSETS

 30,
 2023

 30,
 2022

 VoIP Intellectual property and patents

 $
 1,552,416

 $
 1,552,416

 Accumulated amortization

 ( 1,325,866
)

 ( 1,187,666
)

 Net book value

 $
 226,550

 $
 364,750

 There
were no disposals of any intangible assets in the years presented.

 NOTE
8. RELATED PARTY TRANSACTIONS AND KEY MANAGEMENT COMPENSATION

 The
Company compensates certain of its key management personnel to operate its business in the normal course. Key management includes the
Company's executive officers and members of its Board of Directors.

 Compensation
paid or accrued to key management for services during the years ended September 30, 2023 and 2022 includes:

 SCHEDULE
OF COMPENSATION PAID OR ACCRUED TO KEY MANAGEMENT FOR SERVICES

 September 30, 2022

 Management fees paid to the CEO

 $
 17,718

 $
 21,655

 Management fees paid to the current CFO

 15,000

 -

 Management fees paid to the former CFO

 Fees paid or accrued to Directors

 49,500

 34,600

 Stock-based compensations (Note 11)

 10,866,260

 446,835

 Total fees paid

 $
 10,966,478

 $
 521,090

 At
September 30, 2023, included in accounts payable and accrued liabilities is $ 5,000 (September 30, 2022 - $ 8,100) owed to current officers
and directors.

 At
September 30, 2023, included in prepaid expense is $ 6,000 (September 30, 2022 - $ Nil) of prepaid compensation to a director.

the year ended September 30, 2023, a director of the Company forgave $ 2,100 (2022 - $ Nil) of accrued director's fees.

INC.

 Notes

 NOTE
9. SUPPLEMENTAL CASH FLOW INFORMATION

the year ended September 30, 2023, the Company paid $ Nil (September 30, 2022 - $ Nil) in interest or income taxes. There were no non-cash
investing or financing transactions during the years ended September 30, 2023 and 2022.

 NOTE
10. SHARE CAPITAL

 Capital
Stock Authorized and Issued as at September 30, 2023:

 -

 5,000,000,000
 (September 30, 2022 – 3,500,000,000) common voting shares authorized with a par value of $ 0.001 each, of which 3,015,525,291
 (September 30, 2022 – 1,986,997,863) shares are issued.

 -

 1,000,000
 Series A preferred shares authorized with a par value of $ 0.01 each, of which 735,031 (2022 – 475,000) shares are issued. The
 preferred shares were issued for super-voting rights and are not convertible, exchangeable for common shares, nor redeemable for
 cash. The preferred shares cannot be sold, exchanged or transferred to another party.

 Issues
during the year ended September 30, 2023

the year ended September 30, 2023, the Company issued:

 -

 983,720,000
 common shares priced at $ 0.005 per share for cash proceeds of $ 4,918,600 from a private placement;

 -

 831,466,899
 warrants to purchase 831,466,899 common shares exercisable at a price of $ 0.001 to the Seller of Digifonica pursuant to the Anti-Dilution
 Clause of the amended SPA (Note 4);

 -

 121,611
 Series A Preferred shares for services with a value of $ 12,161 (Note 8);

 -

 138,420
 Series A Preferred shares pursuant to the Anti-Dilution Clause of the SPA (Note 4) with a value of $ 138; and

 -

 14,500,000
 common shares for services with a value of $ 72,500.

 -

 32,500,000
 common shares priced at $ 0.005 per share issuance, offset by 2,192,572 shares returned to treasury for cashless option exercise with
 a net value of $ 30,308.

 Issues
during the year ended September 30, 2022

the year ended September 30, 2022, the Company issued:

 -

 246,550,000
 common shares at $ 0.005 per share for cash proceeds of $ 1,232,750 from a private placement of common shares;

 -

 9,000,000
 common shares for services with a value of $ 101,600; and

 -

 475,000
 preferred shares for services with a value of $ 835 which is recorded as stock-based compensation.

 -

 The
 Company also granted 410,000,000 warrants to purchase 410,000,000 common shares to its directors, officers, and consultants, exercisable
 at a price of $ 0.025 for a period of five years from the date of issue;

 -

 77,000,000
 options to purchase 77,000,000 common shares to its consultants and advisors, exercisable at a price of $ 0.025 for a period of five
 years from the date of grant; and

 -

 returned
 to treasury 11,850,000 options to purchase 11,850,000 common shares at a price of $ 0.05 from certain of its consultants and advisors
 as the option term had expired.

 Shares
to be Issued

 As
at September 30, 2023, there are nil (September 30, 2022 – 1,977,523) common shares to be issued that are accrued for services
provided to the Company valued at $ nil (September 30, 2022 – $ 61,320).

 Subsequent
Issuances

 Subsequent
to the year end, the Company issued 7,000,000 common shares priced at $ 0.005 per share for cash proceeds of $ 35,000 from a private placement,
 10,000,000 common shares priced at $ 0.005 per share issuance, offset by 2,351,351 shares returned to treasury for cashless option exercise
with a net value of $ 38,243, and 5,000,000 common shares for services with a value of $ 25,000.

INC.

 Notes

 NOTE
11. STOCK-BASED COMPENSATION

 Common
Share Purchase Warrants

 As
of September 30, 2023, there are 1,862,937,461 (September 30, 2022 - 1,031,470,562) 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, 2021

 621,470,562

 $
 0.001

 Issued May 30, 2022

 410,000,000

 0.005

 Balance September 30, 2022

 1,031,470,562

 0.0023

 Issued June 30, 2023

 831,466,899

 0.001

 Balance September 30, 2023

 1,862,937,461

 $
 0.0019

 The
following table summarizes the share purchase warrants outstanding at September 30, 2023:

 SCHEDULE OF PURCHASE WARRANTS OUTSTANDING

 Warrants
 Outstanding

 Exercise

 Price

 Remaining Contractual
 Life (Yrs)

 Number of Warrants
 Currently Exercisable

 621,470,562

 $
 0.001

 7.54

 621,470,562

 410,000,000

 0.005

 3.67

 410,000,000

 831,466,899

 0.001

 9.76

 831,466,899

 1,862,937,461

 $
 0.002

 7.68

 1,862,937,461

the year ended September 30, 2023, the Company:

 -

 on
 April 23, 2023, re-priced 621,470,562 warrants issued on April 12, 2021 from $ 0.021 to $ 0.001;

 -

 on
 April 24, 2023, changed the vesting provisions and exercise price of 410,000,000 warrants granted on May 30, 2022, to fully vest
 and re-price all such warrants from $ 0.025 to $ 0.005; and

 -

 on
 June 30, 2023, issued 831,466,899 warrants to purchase common shares at a price of $ 0.001 per share to the seller of Digifonica pursuant
 to the reinstated Anti-Dilution Clause of the amended STA (Note 4).

the year ended September 30, 2023, on June 30, 2023, the Company issued 831,466,899 warrants recorded as a share issuance cost to purchase
common shares at a price of $ 0.001 per share for a period of ten years from the date of issue to its directors, officers, employees and
consultants. The following assumptions were used for the Black-Scholes valuation of these warrants on grant date as follows: risk-free
rate of 3.81 %, expected life of 10 years, annualized historical volatility of 143.75 % and a dividend rate of 0 %. Expected volatilities
are based on the historical volatility of the Company's stock and other factors. The weighted-average fair value per warrant is
$ 0.046.

the year ended September 30, 2022, on May 30, 2022, the Company issued 410,000,000 warrants to purchase common shares at a price of $ 0.025
per share for a period of five years from the date of issue to its directors, officers, employees and consultants. On April 24, 2023,
 410,000,000 warrants granted on May 30, 2022, were modified to become fully vested and re-priced all such warrants from $ 0.025 to $ 0.005.
The following assumptions were used for the Black-Scholes valuation of these warrants on modification date as follows: risk-free rate
of 3.60 %, expected life of 4.10 years, annualized historical volatility of 174.16 % and a dividend rate of 0 %. Expected volatilities are
based on the historical volatility of the Company's stock and other factors. The fair market value that was recorded as additional
paid-in capital was $ 15,995,229. The weighted-average fair value per warrant is $ 0.039. During the year ended September 30, 2023, stock-based
compensation cost of $ 15,995,229 (2022 - $ nil) was charged against income from these vested warrants.

 On
April 23, 2023, 621,470,562 warrants issued on April 12, 2021 were re-priced from $ 0.021 to $ 0.005. For the incremental cost on these
warrants modification, the following assumptions were used for the Black-Scholes valuation of warrants issued during the year ended September
30, 2023: risk-free rate of 4.78 %, expected life of 7.99 years, annualized historical volatility of 169.15 % and a dividend rate of 0 %.
Expected volatilities are based on the historical volatility of the Company's stock and other factors. The incremental cost that
has been recorded as additional paid-in capital from the modification of these warrants was $ 130,000. The weighted-average fair value
of these warrants issued during the year ended September 30, 2023 was $ 0.036.

INC.

 Notes

 NOTE
11. STOCK-BASED COMPENSATION (CONT'D)

 Common
Share Purchase Options

 In
order to provide incentive to directors, officers, management, employees, consultants and others who provide services to the Company
or any subsidiary (the "Service Providers") to act in the best interests of the Company, and to retain such Service Providers,
the Company has in place an incentive Stock Option Plan (the "Plan") whereby the Company is authorized to issue up to 10 %
of its issued and outstanding share capital in options to purchase common shares of the Company. The maximum term of options granted
under the Plan cannot exceed ten years, with vesting terms determined at the discretion of the Board of Directors.

 The
following table summarizes the Company's stock option transactions:

 SCHEDULE OF STOCK OPTIONS TRANSACTIONS

 Number of options

 Weighted average
 exercise price ($)

 Balance September 30, 2021

 116,850,000

 0.005

 Granted

 77,000,000

 0.005

 Cancelled / Expired

 ( 11,850,000
)

 0.053

 Balance September 30, 2022

 182,000,000

 0.024

 Granted

 75,000,000

 0.005

 Exercised

 ( 32,500,000
)

 0.005

 Cancelled / Expired

 ( 15,000,000
)

 0.010

 Balance September 30, 2023

 209,500,000

 0.005

 The
following table summarizes the stock options outstanding at September 30, 2023:

 SCHEDULE OF STOCK OPTIONS OUTSTANDING

 Options
 Outstanding

 Exercise
 Price

 Remaining Contractual
 Life (Yrs)

 Number of Options
 Currently Exercisable

 65,000,000

 0.005

 2.57

 65,000,000

 69,500,000

 0.005

 3.67

 69,500,000

 75,000,000

 0.005

 4.67

 68,500,000

 209,500,000

 $
 0.005

 3.68

 203,000,000

the year ended September 30, 2023, the Company:

 -
on April 24, 2023, re-priced all its previously issued outstanding options to be exercisable at $ 0.005 per share; and

 -
on May 31, 2023, granted 75,000,000 options to purchase 75,000,000 common shares at a price of $ 0.005 per share to its directors, consultants
and advisors.

the year ended September 30, 2023, on May 31, 2023, the Company granted 75,000,000 options to purchase 75,000,000 common shares at a
price of $ 0.005 to its consultants and advisors. The options are exercisable for a period of five years from the date of grant, with
 68,500,000 options vesting on the date of the option grant, 3,500,000 options vesting on May 31, 2024, and 3,000,000 options vesting
on May 31, 2025. The following assumptions were used for the Black-Scholes valuation of stock options on grant date as follows: risk-free
rate of 3.74 %, expected life of 5 years, annualized historical volatility of 148.52 % and a dividend rate of 0 %. Expected volatilities
are based on the historical volatility of the Company's stock and other factors. During the year ended September 30, 2023, stock-based
compensation cost of $ 3,416,227 (2022 - $ nil) was charged against income from options vested. Of the 68,500,000 options vested, 15,000,000
related to replacement options issued from options originally issued on September 21, 2021.

the year ended September 30, 2022, on May 30, 2022, the Company granted 77,000,000 options to purchase 77,000,000 common shares at a
price of $ 0.025 to its consultants and advisors. The options are exercisable for a period of five years from the date of grant, with
 the first 50% vesting on the date of the option grant and the remaining 50% vesting on May 30, 2023. On April 24, 2023, the stock options
issued on May 30, 2022 were re-priced from $ 0.025 to $ 0.005. For the incremental cost on the option modification, the following assumptions
were used for the Black-Scholes valuation: risk-free rate of 3.60 %, expected life of 4.1 years, annualized historical volatility of 174.16 %
and a dividend rate of 0 %. Expected volatilities are based on the historical volatility of the Company's stock and other factors.
The incremental cost that has been recorded as additional paid-in capital from the modification of these options was $ 105,571 (2022 -
$ nil). During the year ended September 30, 2023, stock-based compensation cost of $ 183,385 (2022 - $ 1,352,004) was charged against income
from options vested under the Plan relating to the May 30, 2022 stock option grant.

INC.

 Notes

 NOTE
11. STOCK-BASED COMPENSATION (CONT'D)

the year ended September 30, 2021, on April 23, 2021, the Company granted 90,000,000 options to purchase 90,000,000 common shares at
a price of $ 0.025 to its directors, officers, employees, consultants and advisors. The options are exercisable for a period of five years
from the date of grant and are all now fully vested. On April 24, 2023, the stock options issued on April 23, 2021 were re-priced from
$ 0.025 to $ 0.005. For the incremental cost on the option modification, the following assumptions were used for the Black-Scholes valuation:
risk-free rate of 3.84 %, expected life of 3 years, annualized historical volatility of 169.15 % and a dividend rate of 0 %. Expected volatilities
are based on the historical volatility of the Company's stock and other factors. The incremental cost that has been recorded as
additional paid-in capital from the modification of these options was $ 235,456 (2022 - $ nil). During the year ended September 30, 2023,
stock-based compensation cost of $ nil (2022 - $ 1,003,500) was charged against income from options vested under the Plan relating to the
April 23, 2021 stock option grant.

the year ended September 30, 2023, 15,000,000 stock options were replaced. For the incremental cost on the option replacement, the following
assumptions were used for the Black-Scholes valuation: risk-free rate of 3.74 %, expected life of 5 years, annualized historical volatility
of 148.52 % and a dividend rate of 0 %. Expected volatilities are based on the historical volatility of the Company's stock and other
factors. The incremental cost that has been recorded as additional paid-in capital from the replacement of these options was $ 10,561
(2022 - $ nil).

 Preferred
Share

the year ended September 30, 2023, 138,420 preferred shares issued pursuant to the Anti-Dilution Clause of the SPAwith a value of $ 138
which is recorded as stock-based compensation (2022 - 475,000 preferred shares for services with a value of $ 835 which is recorded as
stock-based compensation).

the year ended September 30, 2023, total stock-based compensation cost of $ 20,076,567 (2022 - $ 2,356,339) was charged against income
from all options issued and vested, including the incremental cost resulting from the option modifications.

 As
at September 30, 2023, the aggregate intrinsic value of the Company's stock options is $ 3,142,500 (2022 - $ 22,500), and the total
intrinsic value of options exercised during the year ended September 30, 2023 was $ 487,500 (2022 - $ nil).

 NOTE
12. OTHER ITEMS

the year ended September 30, 2023, other income included $ 185,000 (2022 - $ nil) from gain on settlement and $ 59,420 (2022 - $ nil) from
gain on settlement of accrued payables. $ 185,000 was due to the Company entering into a settlement and release agreement with a party
to resolve all aspects of a litigation regarding certain of VoIP-Pal's patents, and $ 59,420 was primarily due to the Company entering
into settlement agreements with vendors pursuant to which they relinquished debt owed by the Company.

INC.

 Notes

 NOTE
13. INCOME TAXES

 The
Company and its subsidiary file consolidated Federal and state income tax returns. The Company is registered in the State of Nevada which
has no corporate income tax.

 Certain
tax years are subject to examination by the Internal Revenue Service and state taxing authorities. The Company does not believe there
would be any material adjustments upon such examination.

 As
of September 30, 2023 and 2022, the Company had net operating loss carryforwards of approximately $ 66,435,000 and $ 64,731,000 respectively,
to reduce Federal income tax liabilities through 2043.

 A
reconciliation of income taxes at statutory rates with the reported taxes is as follows:

 SCHEDULE OF RECONCILIATION OF INCOME TAXES EXPENSES

 2023

 2022

 Loss for the year

 $
)

 $
)

 Expected income tax (recovery)

 $
 ( 4,852,892
)

 $
 775,407

 Change in statutory, foreign tax, foreign exchange rates and other

 -

 -

 Permanent Difference

 4,216,079

 494,831

 Change in unrecognized deductible temporary differences

 636,813

 280,576

 Total income tax expense (recovery)

 $
 -

 $
 -

 The
significant components of the Company's temporary differences, unused tax credits and unused tax losses that have not been included
on the consolidated statement of financial position are as follows:

 SCHEDULE OF UNUSED TAX CREDIT AND TAX LOSSES

 2023

 Expiry Date Range

 2022

 Expiry Date Range

 Intangible assets

 $
 11,698,000

 No expiry date

 $
 11,560,000

 No expiry date

 Non-capital losses available for future period

 $
 66,435,000

 2033 to 2043

 $
 64,731,000

 2033 to 2042

 Tax
attributes are subject to review, and potential adjustment, by tax authorities.

 NOTE
14. CONTINGENT LIABILITIES

 Patent
Litigation

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

 i.

 Inc. v. Facebook, Inc. et al. Case No. 6-20-cv-00267 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 Facebook, Inc. and certain
related entities, alleging infringement of U.S. Patent No. 10,218,606. On July 22, 2022, the Western District of Texas granted Facebook's
motion to transfer the case to the Northern District of California. The case number is Case No. 3:22-cv-4279-JD. On June 6, 2023, the
parties stipulated to the dismissal of the case. On June 7, 2023, the court dismissed the case.

 ii.

 Inc. v. Google, LLC fka Google, Inc. Case No. 6-20-cv-00269 in 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 Google, alleging infringement
of U.S. Patent No. 10,218,606. On September 21, 2022, the Western District of Texas granted Google's motion to transfer the case
to the Northern District of California. The case number is Case No. 3:22-cv-5419-JD. On June 6, 2023, the parties stipulated to the dismissal
of the case. On June 7, 2023, the court dismissed the case.

INC.

 Notes

 NOTE
14. CONTINGENT LIABILITIES (CONT'D)

 Patent
Litigation (cont'd)

 iii.

 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.

 iv.

 Inc. v. Facebook, Inc. et al Case No. 6-21-cv-665 in the United States District Court, Western District of Texas

 On
September 25, 2021, the Company filed a lawsuit in the US District Court, Western District of Texas, against Facebook, Inc. and WhatsApp,
Inc. alleging infringement of U.S. Patent Nos. 8,630,234 and 10,880,721. On May 31, 2022, the Western District of Texas court granted
Facebook and WhatsApp's motion to transfer the case to the Northern District of California. The case number is Case No. 3:22-cv-3202-JD.
On June 6, 2023, the parties stipulated to the dismissal of the case. On June 7, 2023, the court dismissed the case.

 v.

 Inc. v. Google, LLC Case No. 6-21-cv-667 in the United States District Court, Western District of Texas

 On
September 25, 2021, the Company filed a lawsuit in the US District Court, Western District of Texas, against Google LLC alleging infringement
of U.S. Patent Nos. 8,630,234 and 10,880,721. On May 31, 2022, the Western District of Texas granted Google's motion to transfer
the case to the Northern District of California. The case number is Case No. 3:22-cv-3199-JD. On June 6, 2023, the parties stipulated
to the dismissal of the case. On June 7, 2023, the court dismissed the case.

 vi.

 Inc. v. Amazon.com, Inc. et al. Case No. 6-21-cv-668 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 Amazon and related entities
alleging infringement of U.S. Patent Nos. 8,630,234 and 10,880,721. On June 26, 2023, the parties stipulated to the dismissal of the
case. On June 29, 2023, the court closed the case.

 vii.

 Inc. v. Verizon Comms., Inc. 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. The case is pending.

 viii.

 Inc. v. T-Mobile US, Inc. et al. Case No. 6-21-cv-668 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 T-Mobile and related entities
alleging infringement of U.S. Patent Nos. 8,630,234 and 10,880,721. The case is pending.

 ix.

 Inc v Samsung Electronics Co. et al Case No. 6-21-cv-1246 in U.S. District Court, Western District of Texas

 On
November 30, 2021, the Company filed a lawsuit in the U.S. District Court, Western District of Texas, against Samsung & related entities
alleging infringement of U.S. Patent Nos. 8,630,234 & 10,880,721. On June 21, 2023, the parties stipulated to the dismissal of the
case and the court closed the case.

 x.

 Inc v Huawei Technologies Co, Ltd. et al Case No. 6-21-cv-1247 in US District Court, Western District of Texas

 On
November 30, 2021, the Company filed a lawsuit in the U.S. District Court, Western District of Texas, against Huawei and related entities
alleging infringement of U.S. Patent Nos. 8,630,234 and 10,880,721. On January 18, 2023, the Western District of Texas granted Huawei's
motion to transfer the case to the Northern District of Texas. The case no. is 3:23-cv-00151. The case is pending.

 xi.

 Twitter,
 Inc. v. VoIP-Pal.com Inc. Case No. 3:21-cv-9773 in the U.S. District Court, Northern District of California

 On
December 17, 2021, Twitter filed a declaratory judgment lawsuit against the Company in the United States District Court, Northern District
of California, alleging non-infringement of U.S. Patent Nos. 8,630,234 and 10,880,721. On June 6, 2023, the parties stipulated to the
dismissal of the case. On June 7, 2023, the court dismissed the case.

INC.

 Notes

 NOTE
14. CONTINGENT LIABILITIES (CONT'D)

 Non-Patent
Litigation

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

 Locksmith
Financial Corporation, Inc. et al. (Plaintiff(s)) v VoIP-Pal.com Inc. et al (Defendant(s)) (Case No A-20-807745-C) filed in Clark County
District Court.

 On
January 1, 2020, the Plaintiffs filed suit in Nevada District Court claiming that they were owed 95,832,000 Voip-Pal common shares from
a previous case involving the Plaintiff and the Defendant that had been through a jury trial in 2019, in which the jury had made an award
to the Plaintiff that was monetary only, and did not include said shares - following the jury's decision in the 2019 trial, the
Plaintiff accepted the award and waived their right to appeal. Voip-Pal vigorously disputed the Plaintiff's 2020 claims on the
basis of claim preclusion (the 2020 claims were addressed in the previous action in 2019 and are now precluded); that Plaintiffs'
claims are untimely, and that the Plaintiffs no longer have standing to bring their claims.

the year ended September 30, 2022, the Court entered a judgment in favor of VoIP-Pal.com Inc and co-defendants, dismissing the 2020 case.
The Plaintiffs filed an appeal with the Nevada Supreme Court.

the year ended September 30, 2023, following a hearing of the appeal, the Nevada Supreme Court ruled to reverse the lower court's
judgment and remanded the case back to the lower court for further proceedings. The Defendants (Voip-Pal et al) filed a motion to the
Supreme Court for reconsideration, however that motion was denied, and a trial date was set for November 28, 2023.

 Subsequent
to the year ended September 30, 2023,on November 30, 2023, after the completion of trial, the Eighth Judicial District Court for the
State of Nevada rendered its decision in favor of VoIP-Pal upon all claims in the case, ruling that the Plaintiffs had not met their
burden of proof with respect to any of its claims against VoIP-Pal et al, awarding no damages to Locksmith and specifically ruling that
Locksmith take nothing as a result of the litigation. The case is now closed.

 Performance
Bonus Payable

 In
2016, the board of directors authorized the Company to provide a performance bonus (the "Performance Bonus") of up to 3%
of the capital stock of the Company by way of the issuance of Common shares from 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, and also
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 members of management, a director and several consultants. 30,000,000 of the issued Bonus Shares continue to be restricted
from trading under Rule 144 and subject to a voluntary lock-up agreement under which they cannot be traded, transferred, pledged 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, 2023 and 2022, no bonusable event has occurred and there was no Performance Bonus payable.

 Item
9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.

 There
have been no changes in or disagreements with accountants on accounting or financial disclosure matters.

 Item
9A. Controls and Procedures.

 Evaluation
of Disclosure Controls and Procedures

 At
the end of the period covered by this Annual Report for the year ended September 30, 2023, an evaluation was carried out under the supervision
of, and with the participation of, the Company's management, including its Chief Executive Officer (" CEO ") and
Chief Financial Officer (" CFO "), of the effectiveness of the design and operation of the Company's disclosure
controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) of the Exchange Act). Based upon that evaluation,
the Company's CEO and CFO have concluded that the disclosure controls and procedures were not effective to give reasonable assurance
 primarily due to the outstanding material weakness described below.

 Disclosure
controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our
reports filed or submitted under the Exchange Act are recorded, processed, summarized and reported, within the time periods specified
in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure
that information required to be disclosed in our reports filed under the Exchange Act is accumulated and communicated to management,
including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

 Management's
Report on Internal Control over Financial Reporting

 The
Company's management, including the Company's CEO and CFO, is responsible for establishing and maintaining adequate internal
control over financial reporting (" ICFR "), as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange
Act. The Company's ICFR is a process designed to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of consolidated financial statements for external purposes in accordance with generally accepted accounting principles
in the United States of America ("US GAAP"). The Company's ICFR includes policies and procedures that: pertain
to the maintenance of records that, in reasonable detail accurately and fairly reflect the transactions and disposition of assets; provide
reasonable assurance that transactions are recorded as necessary to permit preparation of the consolidated financial statements in accordance
with US GAAP, as issued by the International Accounting Standards Board, and that receipts and expenditures are being made only in accordance
with authorization of management and directors of the Company; and provide reasonable assurance regarding prevention or timely detection
of unauthorized acquisition, use or disposition of assets that could have a material effect on the consolidated financial statements.

 Because
of their inherent limitations, ICFR can provide only reasonable assurance and may not prevent or detect misstatements. Furthermore, projections
of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or procedures may deteriorate.

 Evaluation
of Effectiveness of ICFR

 The
Company's management (with the participation of the CEO and the CFO) conducted an evaluation of the effectiveness of the Company's
internal control over financial reporting as of September 30, 2023. In making this assessment, management used the criteria established
in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission, or COSO. The
COSO framework summarizes each of the components of a company's internal control system, including (i) the control environment, (ii)
risk assessment, (iii) control activities, (iv) information and communication, and (v) monitoring. In management's assessment of the
effectiveness of internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)) as required by Exchange Act Rule
13a-15(c), our management, including the Chief Executive Officer and Chief Financial Officer, have concluded as of the end of the fiscal
year covered by this Annual Report on Form 10-K that our internal control over financial reporting was not effective due to the material
weaknesses identified below.

 As
defined by Auditing Standard No. 5, "An Audit of Internal Control Over Financial Reporting that is Integrated with an Audit of
Financial Statements and Related Independence Rule and Conforming Amendments," established by the Public Company Accounting Oversight
Board ("PCAOB"), a material weakness is a deficiency or combination of deficiencies that results more than a remote likelihood
that a material misstatement of annual or interim financial statements will not be prevented or detected. In connection with the assessment
described above, management identified the following control deficiencies that represent material weaknesses as of September 30, 2023:

 1)
 Lack
 of segregation of duties. Now, our resources and size prevent us from being able to employ
 sufficient resources to enable us to have adequate segregation of duties within our internal
 control system. Management will periodically reevaluate this situation.

 2)
 Lack
 of a wholly independent audit committee. Although the Board of Directors has an audit committee
 it is not comprised solely of independent directors. We may establish an audit committee
 comprised solely of independent directors when we have sufficient capital resources and working
 capital to attract qualified independent directors and to maintain such a committee.

 3)
 Insufficient
 period-end balance sheet reconciliations and review of journal entries. Due to our size,
 we have insufficient accounting staff resources to review accounting entries on a timely
 basis. Management will periodically reevaluate this situation.

 4)
 No
 formal codes of conduct.

 A
deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal
course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness
is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility
that a material misstatement of the entity's annual or interim financial statements will not be prevented, or detected and corrected
on a timely basis.

 Our
management determined that if these deficiencies persist, they could constitute material weaknesses. Due to a lack of financial resources,
we are not able to immediately take any action to remediate these potential material weaknesses. We will not be able to do so until we
acquire sufficient financing to do so. We will implement further controls as circumstances, cash flow, and working capital permit. Notwithstanding
the assessment that our ICFR was not entirely effective and that there were potential material weaknesses as identified in this report,
we believe that our financial statements fairly present our financial position, results of operations and cash flows for the years covered
thereby in all material respects.

 Limitations
on the Effectiveness of Internal Controls

 Our
management does not expect that our disclosure controls and procedures or our internal control over financial reporting will necessarily
prevent all fraud and material error. Further, the design of a control system must reflect the fact that there are resource constraints,
and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems,
no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our company have
been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns
can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion
of two or more people, or by management override of the internal control. The design of any system of controls also is based in part
upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving
its stated goals under all potential future conditions. Over time, control may become inadequate because of changes in conditions, or
the degree of compliance with the policies or procedures may deteriorate.

 Changes
in Internal Control Over Financial Reporting

 There
have been no changes in our internal controls over financial reporting during the fourth quarter ended September 30, 2023 that have materially
affected or are reasonably likely to materially affect such controls.

 Item
9B. Other Information.

 Not
Applicable.

 PART
III

 Item
10. Directors, Executive Officers and Corporate Governance.

 The
following table sets forth the names and ages of our current directors and executive officers, the principal offices and positions with
us held by each person and the date of their appointment. Our executive officers were appointed by our Board of Directors. Our directors
serve until the earlier occurrence of the election of his or her successor at the next meeting of stockholders, death, resignation or
removal by the Board of Directors. There are no family relationships among our directors and executive officers.

 Name

 Age

 Position

 Year
 Appointed

 Emil
 Malak (1)

 Director,
 Chief Executive Officer, President

 2014

 Jin
 Kuang

 Chief
 Financial Officer

 2023

 Kevin
 Williams

 Director,
 Former Chief Financial Officer

 2021

 Dennis
 Chang

 Independent

 2021

 Clifton
 Saylor

 Independent

 2022

 Set
forth below is a brief description of the background and recent business experience of each executive officer and director:

 -

 Emil Malak was the co-founder of Digifonica in 2003
and oversaw the development of the patents acquired by the Company in 2013. Mr. Malak also serves as Chairman of the Board for a biotech
company currently conducting cancer research in Germany.

 -

 Jin Kuang has
over 15 years of extensive professional expertise in various financial domains gained across the USA and Canada. She has also spent over
a decade in progressively responsible financial leadership roles within publicly traded companies. Over the years, Jin has served as
CFO for multiple publicly listed companies, in addition to her years of auditing experience with KPMG LLP Chartered Accounts.

 -

 Kevin Williams is an experienced financial consultant
with over 30 years of business expertise in the banking, brokerage, energy, and aerospace industries. He has an extensive history in
funding start-ups, corporate accounting and compliance for both private and publicly traded companies.

 -

 Dennis Chang is a former Management Consultant with
over twenty years of experience. He is the founder of a computer manufacturing company in the Silicon Valley area and built it to $100+
Million in sales in the 1980s, serving as its President and CEO. He was included in the "100 Most Influential People in the Microcomputer
Industry" by MicroTimes Magazine in 1988.

 -

 Clifton Saylor is a successful entrepreneur and business
owner and a long-time shareholder of VoIP-Pal.

 Item
11. Executive Compensation.

 Name and Principal Position

 Year

 Salary ($)

 Bonus ($)

 Shares Awarded

 Price per Share ($)

 Award Value ($)

 Option Awards ($)

 All Other Compensation ($)

 Total ($)

 Emil Malak (1)

 2023

 5,557

 -

 -

 -

 -

 -

 12,161
 (1)

 17,718

 CEO, President, Director

 2022

 20,820

 -

 -

 -

 -

 -

 (1)

 21,655

 Jin Kuang (2)

 2023

 15,000

 -

 -

 -

 -

 -

 -

 15,000

 CFO

 2022

 -

 -

 -

 -

 -

 -

 -

 -

 Kevin Williams (3)

 2023

 -

 -

 -

 -

 -

 -

 Former CFO, Director

 2022

 -

 -

 -

 -

 -

 -

 Ryan L. Thomas(4)

 2023

 Nil

 -

 -

 -

 -

 -

 -

 Nil

 2022

 Nil

 -

 -

 -

 -

 -

 -

 Nil

 Dennis Chang (3)

 2023

 49,500

 -

 -

 -

 -

 -

 -

 49,500

 2022

 34,600

 -

 -

 -

 -

 -

 -

 34,600

 Clifton Saylor (5)

 2023

 Nil

 -

 -

 -

 -

 -

 -

 Nil

 2022

 Nil

 -

 -

 -

 -

 -

 -

 Nil

 (1)
Emil Malak received 121,611 Series A Preferred shares with an aggregate value of $12,161 for services during the year ended September
30, 2023 and received 475,000 Series A Preferred shares with an aggregate value of $835 for services during the year ended September
30, 2022.

 (2)
Jin Kuang was appointed as CFO in July 2023.

 (3)
Kevin Williams and Dennis Chang were appointed as directors in March 2021. Kevin Williams resigned as a CFO in July 2023.

 (4)
Ryan Thomas resigned as a director in June 2022.

 (5)
Clifton Saylor was appointed to the board of directors in July 2022.

 Item
12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

 The
following table sets forth certain ownership information with respect to our common stock for those persons who directly or indirectly
own, control or hold, with the power to vote five percent or more of our outstanding common stock, and all officers and directors, as
a group.

 Name of

 Beneficial Owner

 Amount of Direct Ownership

 Amount of Indirect Ownership

 Percent of Class

 Emil Malak

 Nil

 Nil

 0.00
 %

 Jin Kuang

 Nil

 Nil

 0.00
 %

 Kevin Williams

 4,691,358

 Nil

 0.02
 %

 Dennis Chang

 4,691,358

 Nil

 0.02
 %

 Clifton Saylor

 2,345,679

 87,333,334
 (1)

 2.97
 %

 (1)

 These
 shares are owned by Saylor Marketing, Inc. Profit Sharing Plan, of which Mr. Saylor is the trustee.

 Item
13. Certain Relationships and Related Transactions.

 Related
Party Transactions

the year ended September 30, 2023, the Company paid cash of $83,057 (2022 - $55,655), and issued preferred shares of $12,161 (2022 -
$835) for key management compensation totaling $100,218 (2022 - $74,255), as shown in the above table included
in item 11. During the year ended September 30, 2023. $10,866,260 (2022 - $446,835) stock-based compensation expenses were incurred
from options and warrants granted to directors and officers. At September 30, 2023, included in accounts payable and accrued liabilities
is $5,000 (September 30, 2022 - $8,100) owed to current officers and directors.

 At
September 30, 2023, included in prepaid expense is $6,000 (September 30, 2022 - $Nil) of prepaid compensation to a director.

the year ended September 30, 2023, a director of the Company forgave $2,100 (2022 - $Nil) of accrued director fees.

Independence

 We
are not subject to the listing requirements of any national securities exchange or national securities association and, as a result,
we are not at this time required to have our Board comprised of a majority of "independent directors." Two of our four directors
(see Item 10 above) are independent as defined under the Nasdaq Marketplace Rules.

 Item
14. Principal Accounting Fees and Services.

 Audit
Fees and Services

 For
the fiscal year ended September 30, 2023 professional services were performed by Davidson & Company LLP, Chartered Professional Accountants.
The aggregate fees billed by Davidson & Company LLP, Chartered Professional Accountants for the fiscal year ended September 30, 2023
were as follows:

 2022 to 2023

 Audit Fees

 $
 48,586 CAD

 Audit-Related Fees

 $
 25,305 CAD

 Tax Fees

 $
 Nil

 All Other Fees

 $
 Nil

 Audit
Fees: Aggregate fees billed for professional services rendered for the audit of the Company's annual financial statements.

 Audit
Related Fees: Aggregate fees billed for professional services rendered for assurance and related services that were reasonably related
to the performance of the audit or review of our financial statements and are not reported under "Audit Fees" above.

 All
services listed were pre-approved by the Board of Directors, functioning as the Audit Committee in accordance with Section 2(a) 3 of
the Sarbanes-Oxley Act of 2002.

 The
Board has considered whether the services described above are compatible with maintaining the independent accountant's independence
and has determined that such services have not adversely affected Davidson & Company LLP's independence.

 Item
15. Financial Statements and Exhibits.

 (a)
 Financial Statements. Our financial statements begin on page 16 of this report.

 (b)
 Exhibits. The following are furnished as exhibits hereto:

 Exhibit
 No.

 Description
 of Exhibits

 3.1

 Articles of Incorporation (Incorporated by reference to the Form 10 filed on April 22, 2016)

 3.2

 By-Laws (Incorporated by reference to the Form 10 filed on April 22, 2016)

 10.1

 Digifonica Share Purchase Agreement (Incorporated by reference to the Form 10 filed on June 14, 2016)

 10.2

 Incentive Stock Option Plan (Incorporated by reference to the Form 10 filed on January 12, 2018)

 31.1

 Certification of Chief Executive Officer pursuant to Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*

 31.2

 Certification of Chief Financial Officer pursuant to Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*

 32.1

 Certification by the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*

 101.INS

 101.SCH

 101.CAL

 101.DEF

 101.LAB

 101.PRE

 *
Filed herewith

 SIGNATURES

 Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.

 VoIP-Pal. Com
 Inc.

 Date:
 February 13, 2024

 By:

 /s/
 Emil Malak

 Emil
 Malak

 Chief
 Executive Officer

 Date:
February 13, 2024

 By:

 /s/
 Jin Kuang

 Jin
 Kuang

 Chief
 Financial Officer