Cover
Cover - shares | 9 Months Ended | |
Jun. 30, 2021 | Aug. 13, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2021 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2021 | |
Current Fiscal Year End Date | --09-30 | |
Entity File Number | 000-55613 | |
Entity Registrant Name | VoIP-PAL.COM INC | |
Entity Central Index Key | 0001410738 | |
Entity Tax Identification Number | 98-0184110 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 7215 Bosque Boulevard | |
Entity Address, Address Line Two | Suite 102 | |
Entity Address, City or Town | Waco | |
Entity Address, State or Province | TX | |
Entity Address, Postal Zip Code | 76710-4020 | |
City Area Code | 954 | |
Local Phone Number | 495-4600 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 1,653,747,863 |
Interim Consolidated Balance Sh
Interim Consolidated Balance Sheets (Unaudited) - USD ($) | Jun. 30, 2021 | Sep. 30, 2020 |
CURRENT | ||
Cash | $ 54,826 | $ 113,538 |
Prepaid expense | 5,000 | 13,750 |
Retainer (Note 5) | 20,871 | 52,085 |
TOTAL CURRENT ASSETS | 80,697 | 179,373 |
NON-CURRENT | ||
Fixed assets (Note 6) | 7,213 | 8,907 |
Intellectual VoIP communications patent properties, net (Note 7) | 537,500 | 641,150 |
TOTAL ASSETS | 625,410 | 829,430 |
CURRENT | ||
Accounts payable and accrued liabilities (Note 8) | 148,205 | 472,758 |
TOTAL LIABILITIES | 148,205 | 472,758 |
STOCKHOLDERS’ equity | ||
SHARE CAPITAL (Note 10) | 1,121,215 | 1,510,448 |
ADDITIONAL PAID-IN CAPITAL (Note 10) | 65,195,548 | 52,434,457 |
SHARES TO BE ISSUED (Note 10) | 79,820 | 477,320 |
DEFICIT | (65,919,378) | (54,065,553) |
TOTAL STOCKHOLDERS' EQUITY | 477,205 | 356,672 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ 625,410 | $ 829,430 |
Interim Consolidated Statements
Interim Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
EXPENSES | ||||
Amortization (Note 6 & 7) | $ 35,115 | $ 35,384 | $ 105,344 | $ 104,967 |
Officers and Directors fees (Note 8) | 4,500 | 67,013 | 127,636 | 216,260 |
Stock-based compensation (Note 11) | 1,003,166 | 1,003,166 | ||
Legal fees (Note 8) | 120,899 | 79,893 | 369,786 | 622,445 |
Office & general | 46,335 | 62,617 | 109,993 | 124,316 |
Patent consulting fees | 446 | 3,813 | 9,465 | 16,773 |
Professional fees & services (Note 8) | 114,289 | 69,310 | 376,689 | 607,636 |
Gain on write off of AP | (318,531) | (408,531) | ||
Total expenses | 1,006,219 | 318,030 | 1,693,548 | 1,692,397 |
NET LOSS AND COMPREHENSIVE LOSS FOR THE PERIOD | $ (1,006,219) | $ (318,030) | $ (1,693,548) | $ (1,692,397) |
Basic and diluted loss per common share | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted-average number of common shares outstanding: | ||||
Basic and diluted | 1,649,490,868 | 1,969,994,259 | 1,919,092,280 | 1,970,516,760 |
Interim Consolidated Statemen_2
Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Jun. 30, 2021 | Sep. 30, 2020 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Sep. 30, 2020 | |
Cash Flows used in Operating Activities | ||||||
Loss for the period | $ (1,006,219) | $ (651,460) | $ (318,030) | $ (1,693,548) | $ (1,692,397) | |
Add items not affecting cash: | ||||||
Shares issued for services | 169,900 | 342,500 | ||||
Amortization | 35,115 | 35,384 | 105,344 | 104,967 | ||
Gain on settlement of accrued payables | (408,531) | |||||
Stock-based compensation | 1,003,166 | 1,003,166 | ||||
Changes in non-cash working capital: | ||||||
Retainer | 31,214 | 713,446 | ||||
Accounts payable and accrued liabilities | 83,978 | (407,262) | ||||
Prepaid expense | 8,750 | 5,750 | ||||
Cash Flows Used in Operations | (699,727) | (932,996) | ||||
Cash Flows from Financing Activities | ||||||
Proceeds from private placement | 641,015 | 116,310 | $ 299,310 | |||
Cash Flows Provided by Financing Activities | 641,015 | 116,310 | ||||
Decrease in cash | (58,712) | (816,686) | ||||
Cash, beginning of the period | 143,804 | 113,538 | 960,490 | 960,490 | ||
Cash, end of the period | $ 54,826 | $ 113,538 | $ 143,804 | $ 54,826 | $ 143,804 | $ 113,538 |
Interim Consolidated Statemen_3
Interim Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) | Common Stock [Member] | Shares To Be Issued Value [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Sep. 30, 2019 | $ 1,432,844 | $ 477,320 | $ 51,542,780 | $ (51,721,696) | $ 1,731,248 |
Beginning balance, shares at Sep. 30, 2019 | 1,956,377,592 | ||||
Shares issued for private placement | $ 7,754 | 108,556 | 116,310 | ||
Shares issued for private placement, shares | 7,754,000 | ||||
Shares issued for services | $ 14,250 | 328,250 | 342,500 | ||
Shares issued for services, shares | 14,250,000 | ||||
Loss for the period | (1,692,397) | (1,692,397) | |||
Ending balance, value at Jun. 30, 2020 | $ 1,454,848 | 477,320 | 51,979,586 | (53,414,093) | 497,661 |
Ending balance at Jun. 30, 2020 | 1,978,381,592 | ||||
Beginning balance, value at Sep. 30, 2019 | $ 1,432,844 | 477,320 | 51,542,780 | (51,721,696) | 1,731,248 |
Beginning balance, shares at Sep. 30, 2019 | 1,956,377,592 | ||||
Shares issued for services | $ 534,500 | ||||
Shares issued for services, shares | 33,250,000 | ||||
Ending balance, value at Sep. 30, 2020 | $ 1,510,448 | 477,320 | 52,434,457 | (54,065,553) | $ 356,672 |
Ending balance at Sep. 30, 2020 | 2,033,981,592 | ||||
Beginning balance, value at Jun. 30, 2020 | $ 1,454,848 | 477,320 | 51,979,586 | (53,414,093) | 497,661 |
Beginning balance, shares at Jun. 30, 2020 | 1,978,381,592 | ||||
Shares issued for private placement | $ 36,600 | 146,400 | 183,000 | ||
Shares issued for private placement, shares | 36,600,000 | ||||
Shares issued for services | $ 19,000 | 173,000 | 192,000 | ||
Shares issued for services, shares | 19,000,000 | ||||
Share based compensation | 135,471 | 135,471 | |||
Loss for the period | (651,460) | (651,460) | |||
Ending balance, value at Sep. 30, 2020 | $ 1,510,448 | 477,320 | 52,434,457 | (54,065,553) | 356,672 |
Ending balance at Sep. 30, 2020 | 2,033,981,592 | ||||
Shares issued for private placement | $ 114,002 | 18,500 | 508,513 | 641,015 | |
Shares issued for private placement, shares | 114,001,500 | ||||
Shares issued for services | $ 10,300 | 159,600 | 169,900 | ||
Shares issued for services, shares | 10,300,000 | ||||
Shares forgiven on termination of service | $ (416,000) | $ 416,000 | |||
Shares returned to treasury on amendment of Anti-Dilution Clause | (513,535) | 11,089,812 | (10,576,277) | ||
Share purchase warrants granted on amendment of Anti-Dilution Clause, shares | (513,535,229) | ||||
Share-based compensation | $ 1,003,166 | $ 1,003,166 | |||
Loss for the period | $ (1,693,548) | (1,693,548) | |||
Ending balance, value at Jun. 30, 2021 | $ 1,121,215 | $ 79,820 | $ 65,195,548 | $ (65,919,378) | $ 477,205 |
Ending balance at Jun. 30, 2021 | 1,644,747,863 |
NATURE AND CONTINUANCE OF OPERA
NATURE AND CONTINUANCE OF OPERATIONS | 9 Months Ended |
Jun. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NATURE AND CONTINUANCE OF OPERATIONS | 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, at June 30, 2021, had an accumulated deficit of $ 65,919,378 54,065,553 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 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. VOIP-PAL.COM INC. Notes to the Interim Consolidated Financial Statements (Unaudited – prepared by management) (Expressed in United States Dollars) June 30, 2021 |
BASIS OF PRESENTATION
BASIS OF PRESENTATION | 9 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
BASIS OF PRESENTATION | 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”). |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
SIGNIFICANT ACCOUNTING POLICIES | NOTE 3. SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation These interim 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 June 30, 2021, Digifonica had no activities. Use of Estimates The preparation of these interim 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. Cash Cash consists of cash on hand, cash held in trust, and monies held in checking and savings accounts. The Company had $ 54,826 113,538 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 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. VOIP-PAL.COM INC. Notes to the Interim Consolidated Financial Statements (Unaudited – prepared by management) (Expressed in United States Dollars) June 30, 2021 NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (CONT’D) 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: 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 June 30, 2021 and September 30, 2020. 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 nine-month period ended June 30, 2021 and the year ended September 30, 2020 there were no Derivatives We account for derivatives pursuant to ASC 815, Accounting for Derivative Instruments and Hedging Activities 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 share-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. VOIP-PAL.COM INC. Notes to the Interim Consolidated Financial Statements (Unaudited – prepared by management) (Expressed in United States Dollars) June 30, 2021 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 Recent Accounting Pronouncements and Adoption In January 2016, FASB issued an ASU, Subtopic 825-10, to amend certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. Most prominent among the amendments is the requirement for changes in fair value of equity investments, with certain exceptions, to be recognized through profit or loss rather than other comprehensive income. The Company adopted the standard October 1, 2018. There was no impact on the Company’s financial statements from the adoption of this amendment. In February 2016 FASB issued ASU No. 2016-02, Leases (Topic 842) which supersedes FASB ASC Topic 840, Leases (Topic 840) and provides principles for the recognition, measurement, presentation, and disclosure of leases for both lessees and the lessors. The new standard requires the lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. The classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than twelve months regardless of classification. Leases with a term of twelve months or less will be accounted for similar to existing guidance for operating leases. The standard is effective for annual periods beginning after December 15, 2018, with early adoption permitted upon issuance. The adoption of this guidance had no material impact on the financial statements. In June 2016, the FASB issued ASU 2016-13 to replace the incurred loss impairment methodology in current U.S. GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss credit loss estimates. For trade and other receivables, loans and other financial instruments, the Company will be required to use a forward-looking expected loss model rather than the incurred loss model for recognizing credit losses which reflects losses that are probable. Credit losses relating to available for sale debt securities will also be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. The new standard was effective for the Company beginning October 1, 2020. Application of the amendments is through a cumulative-effect adjustment to deficit as of the effective date. The adoption of this guidance had no material impact on the financial statements. |
PURCHASE OF DIGIFONICA
PURCHASE OF DIGIFONICA | 9 Months Ended |
Jun. 30, 2021 | |
Business Combination and Asset Acquisition [Abstract] | |
PURCHASE OF DIGIFONICA | 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 100 800,000 389,023,561 The SPA included an anti-dilution clause (the “Anti-Dilution Clause”) that requires the Company to maintain the Seller’s percentage ownership of the Company at 40 During the nine-month period ended June 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 513,535,229 107,935,333 621,470,562 0.021 ten years VOIP-PAL.COM INC. Notes to the Interim Consolidated Financial Statements (Unaudited – prepared by management) (Expressed in United States Dollars) June 30, 2021 |
RETAINER
RETAINER | 9 Months Ended |
Jun. 30, 2021 | |
Retainer | |
RETAINER | NOTE 5. RETAINER The Company has retainers with several of its professional service providers. The balance due on these prepaid retainers was $ 20,871 52,085 |
FIXED ASSETS
FIXED ASSETS | 9 Months Ended |
Jun. 30, 2021 | |
Property, Plant and Equipment [Abstract] | |
FIXED ASSETS | NOTE 6. FIXED ASSETS A summary of the Company’s fixed assets as of June 30, 2021 and September 30, 2020 is as follows: SCHEDULE OF FIXED ASSETS June 30, 2021 September 30, Office furniture & computers $ 11,917 $ 11,917 Accumulated depreciation (4,704 ) (3,010 ) Net book value $ 7,213 $ 8,907 There were no retirements of any fixed assets in the periods presented. |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 9 Months Ended |
Jun. 30, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
INTANGIBLE ASSETS | 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 financial statements as intangible assets. These assets are being amortized over twelve ( 12 SCHEDULE OF INTANGIBLE ASSETS June 30, 2021 September 30, VoIP Intellectual property and patents $ 1,552,416 $ 1,552,416 Accumulated amortization (1,014,916 ) (911,266 ) Net book value $ 537,500 $ 641,150 There were no disposals of any intangible assets in the periods presented. |
RELATED PARTY TRANSACTIONS AND
RELATED PARTY TRANSACTIONS AND KEY MANAGEMENT COMPENSATION | 9 Months Ended |
Jun. 30, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS AND KEY MANAGEMENT COMPENSATION | 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 nine-month period ended June 30, 2021 includes: SCHEDULE OF COMPENSATION PAID OR ACCRUED TO KEY MANAGEMENT FOR SERVICES June 30, 2021 June 30, Management fees paid or accrued to the CEO $ - $ 108,000 Management fees paid to the current CFO 6,000 - Management fees paid or accrued to the former CFO 49,636 90,260 Fees paid or accrued to Directors - 18,000 $ 55,636 $ 216,260 During the nine-month period ended June 30, 2021 the Company accrued $ Nil 126,000 55,636 90,260 55,636 216,260 Nil 358,131 318,531 90,000 416,000 Nil 416,000 VOIP-PAL.COM INC. Notes to the Interim Consolidated Financial Statements (Unaudited – prepared by management) (Expressed in United States Dollars) June 30, 2021 NOTE 8. RELATED PARTY TRANSACTIONS AND KEY MANAGEMENT COMPENSATION (CONT’D) As at June 30, 2021, nil 57,334,333 513,535,229 107,935,333 621,470,562 0.021 Nil nil |
SUPPLEMENTAL CASH FLOW INFORMAT
SUPPLEMENTAL CASH FLOW INFORMATION | 9 Months Ended |
Jun. 30, 2021 | |
Supplemental Cash Flow Elements [Abstract] | |
SUPPLEMENTAL CASH FLOW INFORMATION | NOTE 9. SUPPLEMENTAL CASH FLOW INFORMATION During the nine-month period ended June 30, 2021, the Company paid $ Nil Nil Non-cash transactions during the nine-month period included the settlement of shares to be issued to the directors for $ 416,000 Nil 513,335,229 |
SHARE CAPITAL
SHARE CAPITAL | 9 Months Ended |
Jun. 30, 2021 | |
Equity [Abstract] | |
SHARE CAPITAL | NOTE 10. SHARE CAPITAL Capital Stock Authorized and Issued: – 3,000,000,000 3,000,000,000 0.001 1,644,747,863 2,033,981,592 – 1,000,000 0.01 nil nil Issues during the nine-month period ended June 30, 2021 During the nine-month period ended June 30, 2021, the Company: – issued 114,001,500 0.005 0.01 622,515 – issued 10,300,000 169,900 – returned 513,535,229 Nil – issued 621,470,562 0.021 – granted 90,000,000 90,000,000 0.025 Issues during the year ended September 30, 2020 During the year ended September 30, 2020, the Company issued: – 44,354,000 0.005 0.015 299,310 – 33,250,000 0.005 0.03 534,500 Subsequent Issues – Subsequent to the nine-month period ended June 30, 2021, the Company issued 9,000,000 0.005 45,000 VOIP-PAL.COM INC. Notes to the Interim Consolidated Financial Statements (Unaudited – prepared by management) (Expressed in United States Dollars) June 30, 2021 NOTE 10. SHARE CAPITAL (CONT’D) Shares to be Issued As at June 30, 2021, there are 1,977,523 12,817,523 61,320 477,320 416,000 nil 10,840,000 Nil 416,000 As at June 30, 2021, there are nil 57,334,333 107,935,333 |
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION | 9 Months Ended |
Jun. 30, 2021 | |
Share-based Payment Arrangement [Abstract] | |
STOCK-BASED COMPENSATION | NOTE 11. STOCK-BASED COMPENSATION Warrants As of June 30, 2021, there are 621,470,562 nil During the nine-month period ended June 30, 2021, on April 16, 2021, the Company issued 621,470,562 0.021 The following assumptions were used for the Black-Scholes valuation of warrants issued during the nine-month period ended June 30, 2021: risk-free rate of 1.59 % (2020 – 0 %), expected life of 10 years (2020 – 0 years), annualized historical volatility of 184.223 % (2020 – 0 %) and a dividend rate of 0 % (2020 – 0 %). Expected volatilities are based on historical volatility of the Company’s stock and other factors. The fair market value that has been recorded as additional paid-in capital from the issuance of these warrants under the Plan was $ 11,089,812 for the nine-month period ended June 30, 2021 (2020– $ nil ). The weighted-average fair value of the warrants issued granted during the nine-month period ended June 30, 2021 was $ 0.02 Nil 0.0189 nil Stock Option Plan The Company has in place an incentive Stock Option Plan (the “Plan”) whereby the Company is authorized to issue up to 10 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, 2019 49,850,000 $ 0.059 Granted 15,000,000 0.010 Cancelled (30,000,000 ) 0.062 Balance September 30, 2020 34,850,000 $ 0.036 Granted 90,000,000 0.025 Cancelled - N/A Balance June 30, 2021 124,850,000 $ 0.028 VOIP-PAL.COM INC. Notes to the Interim Consolidated Financial Statements (Unaudited – prepared by management) (Expressed in United States Dollars) June 30, 2021 NOTE 11. STOCK-BASED COMPENSATION (CONT”D) Stock Option Plan (cont’d) The following table summarizes the stock options outstanding at June 30, 2021: SCHEDULE OF STOCK OPTIONS OUTSTANDING Options Outstanding Exercise Price Remaining Contractual Life Number of Options Currently Exercisable 4,000,000 $ 0.060 0 4,000,000 4,000,000 0.060 0.19 4,000,000 3,450,000 0.060 0.32 3,450,000 8,400,000 0.050 0.80 8,400,000 15,000,000 0.010 4.23 15,000,000 90,000,000 0.025 4.82 45,000,000 124,850,000 $ 0.028 4.05 79,850,000 During the nine-month period ended June 30, 2021, on April 23, 2021 the Company granted 90,000,000 90,000,000 common shares at a price of $ 0.025 to its directors, officers, employees, consultants and advisors. The options have varied vesting provisions and are exercisable for a period of five years from the date of grant. The following assumptions were used for the Black-Scholes valuation of stock options granted during the nine-month period ended June 30, 2021: risk-free rate of 0.83 0 5 0 160 0 0 0 1,003,166 nil 45,000,000 90,000,000 The weighted-average grant-date fair value of options granted during the nine-month period ended June 30, 2021 was $ 0.022 Nil nil nil |
CONTINGENT LIABILITIES
CONTINGENT LIABILITIES | 9 Months Ended |
Jun. 30, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
CONTINGENT LIABILITIES | NOTE 12. CONTINGENT LIABILITIES Patent Litigation The Company is party to patent and patent-related litigation cases as follows: i) VoIP-Pal.com Inc. Apple, Inc. In February 2016 the Company filed patent infringement lawsuits in the United States District Court, District of Nevada against Apple, Inc, (Case No. 2:16-CV-00260), Verizon Wireless Services, LLC, Verizon Communications Inc., and AT&T Corp. (Case No. 2:16-CV-00271). These cases are seeking a combined $ 7,024,377,876 In August, 2018, the cases were consolidated under one lawsuit, and transferred to the U.S. District Court for the Northern District of California, where they were renamed as Case Nos. 5:18-cv-06217-LHK, 5:18-cv-06054-LHK and 5:18-cv-06177-LHK. The Defendants filed a Motion to Dismiss the cases, asserting that Voip-Pal’s ‘005 and ‘815 patents do not claim patentable subject matter. On March 25, 2019, the U.S. District Court for the Northern District of California granted the Defendants’ Motion to Dismiss in all of the cases. The Company appealed the district court decision to the US Court of Appeals for the Federal Circuit. The Federal Circuit affirmed the district court’s decision. On April 15, 2020, the Company filed a combined petition for rehearing and rehearing en banc VOIP-PAL.COM INC. Notes to the Interim Consolidated Financial Statements (Unaudited – prepared by management) (Expressed in United States Dollars) June 30, 2021 NOTE 12. CONTINGENT LIABILITIES (CONT’D) Patent Litigation ii) VoIP-Pal.com Inc. Twitter, Inc. On October 6, 2016, the Company filed a lawsuit in the United States District Court, District of Nevada against Twitter, Inc, (Case No. 2:16- CV-02338) in which Voip-Pal.com alleges infringement of U.S. Patent No. 8,542,815 and its continuation patent, U.S. Patent No. 9,179,005, This case is seeking $ 3,200,000,000 On April 15, 2020, the Company filed a combined petition for rehearing and rehearing en banc iii) VoIP-Pal.com Inc. Amazon.com, Inc. In June 2018, the Company filed a lawsuit in the United States District Court, District of Nevada, against Amazon.com, Inc. and certain related entities, alleging infringement of U.S. Patent Nos. 9,537,762, 9,813,330, 9,826,002 and 9,948,549. In November 2018, the case was transferred to the U.S. District Court for the Northern District of California, where it was renamed Case No. 5:18-cv-07020-LHK and consolidated with Case No. 5:18-cv-06216-LHK. The Defendants filed a Motion to Dismiss the cases, asserting that Voip-Pal’s ‘762, ’330, ’002, and ‘549 patents do not claim patentable subject matter. On November 1, 2019, the U.S. District Court for the Northern District of California granted the Defendants’ Motion to Dismiss in all of the cases. The Company appealed the district court decision to the U.S. Court of Appeals for the Federal Circuit, who affirmed the district court’s decision. During the period ended December 31, 2020, the Company filed a petition for rehearing of this case, which petition was subsequently denied by the court in January 2021. In January, 2021 the Company filed a petition for rehearing of this case, which was denied by the Federal Circuit on January 26, 2021. During the period ended June 30, 2021, on June 25, 2021, the Company filed a Petition for Writ of Certiorari with the U.S. Supreme Court. The petition is pending. iv) VoIP-Pal.com Inc. Apple, Inc. In May 2018, the Company filed a lawsuit in the United States District Court, District of Nevada, against Apple, Inc., alleging infringement of U.S. Patent Nos. 9,537,762, 9,813,330, 9,826,002 and 9,948,549. In November 2018, the case was transferred to the U.S. District Court for the Northern District of California, where it was renamed Case No. 5:18-cv-06216-LHK and consolidated with Case No. 5:18-cv-07020. The Defendants filed a Motion to Dismiss the cases, asserting that Voip-Pal’s ‘762, ’330, ’002, and ‘549 patents do not claim patentable subject matter. On November 1, 2019, the U.S. District Court for the Northern District of California granted the Defendants’ Motion to Dismiss in all of the cases. The Company appealed the district court decision to the U.S. Court of Appeals for the Federal Circuit, who affirmed the district court’s decision. In January, 2021, the Company filed a petition for rehearing of this case, which was denied by the Federal Circuit on January 26, 2021. During the period ended June 30, 2021, on June 25, 2021, the Company filed a Petition for Writ of Certiorari with the U.S. Supreme Court. The petition is pending. v) VoIP-Pal.com Inc. v. Facebook, Inc. et al. Case No. 6-20-cv-00267 in the US 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. The case is pending. VOIP-PAL.COM INC. Notes to the Interim Consolidated Financial Statements (Unaudited – prepared by management) (Expressed in United States Dollars) June 30, 2021 NOTE 12. CONTINGENT LIABILITIES (CONT’D) Patent Litigation vi) VoIP-Pal.com Inc. v. Google, LLC fka Google, Inc. Case No. 6-20-cv-00269 in US 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. The case is pending. vii) VoIP-Pal.com Inc. v. Amazon.com, Inc. et al. Case No. 6-20-cv-00272 in US 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. viii) VoIP-Pal.com Inc. v. Apple, Inc. Case No. 6-20-cv-00275 in the US 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 Apple, Inc. alleging infringement of U.S. Patent No. 10,218,606. On March 24, 2021, VoIP-Pal voluntarily dismissed this case. ix) VoIP-Pal.com Inc. v. AT&T, Inc. et al. Case No. 6-20-cv-00325 in the US 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 AT&T, Inc. and certain related entities, alleging infringement of U.S. Patent No. 10,218,606. On March 25, 2021, the Court dismissed this case without prejudice. x) VoIP-Pal.com Inc. v. Verizon Comm, Inc. et al. Case No. 6-20-cv-00327 in the US District Court, Western District of Texas. In April 2020, the Company filed a lawsuit in the US District Court, Western District of Texas, against Verizon Communications, Inc. and certain related entities, alleging infringement of U.S. Patent No. 10,218,606. On April 1, 2021, the Court dismissed this case without prejudice. xi) Twitter, Inc. VoIP-Pal.com Inc. Case No. 5-20-cv-02397 in the United States District Court, Northern District of California. In April 2020, Twitter filed a declaratory judgment lawsuit against the Company in the United States District Court, Northern District of California, alleging non-infringement and invalidity of U.S. Patent No. 10,218,606. The case is pending. On March 24, 2021, VoIP-Pal moved to dismiss this case for lack of subject-matter jurisdiction. The motion is pending. xii) Apple, Inc. v. VoIP-Pal.com Inc. Case No. 5:20-cv-02460 in the United States District Court, Northern District of California. In April 2020, Apple filed a declaratory judgment suit against the Company in the United States District Court, Northern District of California, alleging non-infringement and invalidity of U.S. Patent Nos. 9,935,872 and 10,218,606. The case is pending. On January 13, 2021, VoIP-Pal filed a Petition for Writ of Mandamus with the U.S. Court of Appeals for the Federal Circuit (Case No. 2021-00112) seeking to reverse the district court’s denial of VoIP-Pal’s motion to dismiss this action under the first-to-file rule. On February 19, 2021, the Mandamus petition was denied by the Court. On March 24, 2021, VoIP-Pal moved to dismiss this case for lack of subject-matter jurisdiction. The motion is pending. VOIP-PAL.COM INC. Notes to the Interim Consolidated Financial Statements (Unaudited – prepared by management) (Expressed in United States Dollars) June 30, 2021 NOTE 12. CONTINGENT LIABILITIES (CONT’D) Patent Litigation xiii) AT&T Corp., et al. v. VoIP-Pal.com Inc. Case No. 5:20-cv-02995 in the United States District Court, Northern District of California. In April 2020, AT&T filed a declaratory judgment lawsuit against the Company in the United States District Court, Northern District of California, alleging non-infringement and invalidity of U.S. Patent No. 10,218,606. The case is pending. On January 13, 2021, VoIP-Pal filed a Petition for Writ of Mandamus with the U.S. Court of Appeals for the Federal Circuit (Case No. 2021-00112) seeking to reverse the district court’s denial of VoIP-Pal’s motion to dismiss this action under the first-to-file rule. On February 19, 2021, the Mandamus petition was denied by the Court. On March 24, 2021, VoIP-Pal moved to dismiss this case for lack of subject-matter jurisdiction. The motion is pending. xiv) Cellco Partnership dba Verizon Wireless, v. VoIP-Pal.com Inc. Case No. 5:20-cv-03092 in the United States District Court, Northern District of California. In April 2020, Verizon filed a declaratory judgment lawsuit against the Company in the United States District Court, Northern District of California, alleging non-infringement and invalidity of U.S. Patent No. 10,218,606. The case is pending. On January 13, 2021, VoIP-Pal filed a Petition for Writ of Mandamus with the U.S. Court of Appeals for the Federal Circuit (Case No. 2021-00112) seeking to reverse the district court’s denial of VoIP-Pal’s motion to dismiss this action under the first-to-file rule. On February 19, 2021, the Mandamus petition was denied by the Court. On March 24, 2021, VoIP-Pal moved to dismiss this case for lack of subject-matter jurisdiction. The motion is pending. xv) Twitter, Inc. v. VoIP-Pal.com Inc. Case No. 3-21-cv-02769 in the United States District Court, Northern District of California Subsequent to the period ended March 31, 2021, on April 16, 2021, Twitter Inc. filed a declaratory judgment lawsuit against the Company in the United States District Court, Northern District of California, alleging non-infringement and invalidity of U.S. Patent No. 9,935,872. The case is pending. During the period ended June 30, 2021, on June 21, 2021, VoIP-Pal moved to dismiss this case for lack of jurisdiction. The motion is pending. xvi) 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 During the period ended June 30, 2021, on June 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 10,880,720. The case is pending. xvii) VoIP-Pal.com, Inc. v. Google, LLC Case No. 6-21-cv-667 in the United States District Court, Western District of Texas During the period ended June 30, 2021, on June 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 10,880,720. The case is pending. xvii) 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 During the period ended June 30, 2021, on June 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 10,880,720. The case is pending. VOIP-PAL.COM INC. Notes to the Interim Consolidated Financial Statements (Unaudited – prepared by management) (Expressed in United States Dollars) June 30, 2021 NOTE 12. CONTINGENT LIABILITIES (CONT’D) Patent Litigation xviii) VoIP-Pal.com, Inc. v. Apple Inc. Case No. 6-21-cv-670 in the U.S. District Court, Western District of Texas During the period ended June 30, 2021, on June 25, 2021, the Company filed a lawsuit in the U.S. District Court, Western District of Texas, against Apple alleging infringement of U.S. Patent Nos. 8,630,234 and 10,880,720. On July 19, 2021, the Company filed a motion for a temporary restraining order and preliminary injunction. The motion is pending. xix) VoIP-Pal.com, Inc. v. AT&T Corp. et al. Case No. 6-21-cv-671 in the U.S. District Court, Western District of Texas During the period ended June 30, 2021, on June 25, 2021, the Company filed a lawsuit in the U.S. District Court, Western District of Texas, against AT&T and related entities alleging infringement of U.S. Patent Nos. 8,630,234 and 10,880,720. On July 19, 2021, the Company filed a motion for a temporary restraining order and preliminary injunction. The motion is pending. xx) VoIP-Pal.com, Inc. v. Verizon Comms., Inc. Case No. 6-21-cv-672 in the U.S. District Court, Western District of Texas During the period ended June 30, 2021, on June 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 10,880,720. On July 19, 2021, the Company filed a motion for a temporary restraining order and preliminary injunction. The motion is pending. xxi) 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 During the period ended June 30, 2021, on June 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 10,880,720. The case is pending. xxii) Apple, Inc. v. VoIP-Pal.com Inc. Case No. 5:21-cv-5110 in the U.S. District Court, Northern District of California. Subsequent to the period ended June 30, 2021, on July 1, 2021, Apple filed a declaratory judgment suit against the Company in the United States District Court, Northern District of California, alleging non-infringement and invalidity of U.S. Patent Nos. 8,630,234 and 10,880,720. The case is pending. xxiii) AT&T Corp., et al. v. VoIP-Pal.com Inc. Case No. 5:21-cv-5078 in the U.S. District Court, Northern District of California. During the period ended June 30, 2021, on June 30, 2021, AT&T filed a declaratory judgment lawsuit against the Company in the United States District Court, Northern District of California, alleging non-infringement and invalidity of U.S. Patent Nos. 8,630,234 and 10,880,720. The case is pending. xxiv) Cellco Partnership dba Verizon Wireless, v. VoIP-Pal.com Inc. Case No. 5:21-cv-5275 in the U.S. District Court, Northern District of California. Subsequent to the period ended June 30, 2021, on July 8, 2021, Verizon filed a declaratory judgment lawsuit against the Company in the United States District Court, Northern District of California, alleging non-infringement and invalidity of U.S. Patent Nos. 8,630,234 and 10,880,720. The case is pending. VOIP-PAL.COM INC. Notes to the Interim Consolidated Financial Statements (Unaudited – prepared by management) (Expressed in United States Dollars) June 30, 2021 NOTE 12. CONTINGENT LIABILITIES (CONT’D) Non-Patent Litigation The Company is party to a non-patent litigation case 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. During the year ended September 30, 2020, the Plaintiff filed suit in Nevada District Court claiming that the Defendants had prevented the Plaintiffs from re-registering and/or transferring certain share certificates. The Defendants filed a Motion to Dismiss the claims, which was granted on June 1, 2020. It is unclear whether Plaintiffs will appeal the ruling. The case is pending. Performance Bonus Payable In 2016, the board of directors authorized the Company to provide a performance bonus (the “Performance Bonus”) of up to 3 During the year ended September 30, 2019, the board of directors authorized the increase of the Performance Bonus to up to 10 66.67 127,000,000 94,000,000 As at June 30, 2021, no bonusable event had occurred and there was no Performance Bonus payable. |
SIGNIFICANT ACCOUNTING POLICI_2
SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
Principles of Consolidation | Principles of Consolidation These interim 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 June 30, 2021, Digifonica had no activities. |
Use of Estimates | Use of Estimates The preparation of these interim 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. |
Cash | Cash Cash consists of cash on hand, cash held in trust, and monies held in checking and savings accounts. The Company had $ 54,826 113,538 |
Fixed Assets | 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 |
Intangible Assets | 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 | 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. VOIP-PAL.COM INC. Notes to the Interim Consolidated Financial Statements (Unaudited – prepared by management) (Expressed in United States Dollars) June 30, 2021 NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (CONT’D) 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: 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 June 30, 2021 and September 30, 2020. 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 | 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 | 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 nine-month period ended June 30, 2021 and the year ended September 30, 2020 there were no |
Derivatives | Derivatives We account for derivatives pursuant to ASC 815, Accounting for Derivative Instruments and Hedging Activities |
Stock-based compensation | 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 share-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. VOIP-PAL.COM INC. Notes to the Interim Consolidated Financial Statements (Unaudited – prepared by management) (Expressed in United States Dollars) June 30, 2021 NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (CONT’D) |
Concentrations of Credit Risk | 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 |
Recent Accounting Pronouncements and Adoption | Recent Accounting Pronouncements and Adoption In January 2016, FASB issued an ASU, Subtopic 825-10, to amend certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. Most prominent among the amendments is the requirement for changes in fair value of equity investments, with certain exceptions, to be recognized through profit or loss rather than other comprehensive income. The Company adopted the standard October 1, 2018. There was no impact on the Company’s financial statements from the adoption of this amendment. In February 2016 FASB issued ASU No. 2016-02, Leases (Topic 842) which supersedes FASB ASC Topic 840, Leases (Topic 840) and provides principles for the recognition, measurement, presentation, and disclosure of leases for both lessees and the lessors. The new standard requires the lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. The classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than twelve months regardless of classification. Leases with a term of twelve months or less will be accounted for similar to existing guidance for operating leases. The standard is effective for annual periods beginning after December 15, 2018, with early adoption permitted upon issuance. The adoption of this guidance had no material impact on the financial statements. In June 2016, the FASB issued ASU 2016-13 to replace the incurred loss impairment methodology in current U.S. GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss credit loss estimates. For trade and other receivables, loans and other financial instruments, the Company will be required to use a forward-looking expected loss model rather than the incurred loss model for recognizing credit losses which reflects losses that are probable. Credit losses relating to available for sale debt securities will also be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. The new standard was effective for the Company beginning October 1, 2020. Application of the amendments is through a cumulative-effect adjustment to deficit as of the effective date. The adoption of this guidance had no material impact on the financial statements. |
FIXED ASSETS (Tables)
FIXED ASSETS (Tables) | 9 Months Ended |
Jun. 30, 2021 | |
Property, Plant and Equipment [Abstract] | |
SCHEDULE OF FIXED ASSETS | A summary of the Company’s fixed assets as of June 30, 2021 and September 30, 2020 is as follows: SCHEDULE OF FIXED ASSETS June 30, 2021 September 30, Office furniture & computers $ 11,917 $ 11,917 Accumulated depreciation (4,704 ) (3,010 ) Net book value $ 7,213 $ 8,907 |
INTANGIBLE ASSETS (Tables)
INTANGIBLE ASSETS (Tables) | 9 Months Ended |
Jun. 30, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
SCHEDULE OF INTANGIBLE ASSETS | SCHEDULE OF INTANGIBLE ASSETS June 30, 2021 September 30, VoIP Intellectual property and patents $ 1,552,416 $ 1,552,416 Accumulated amortization (1,014,916 ) (911,266 ) Net book value $ 537,500 $ 641,150 |
RELATED PARTY TRANSACTIONS AN_2
RELATED PARTY TRANSACTIONS AND KEY MANAGEMENT COMPENSATION (Tables) | 9 Months Ended |
Jun. 30, 2021 | |
Related Party Transactions [Abstract] | |
SCHEDULE OF COMPENSATION PAID OR ACCRUED TO KEY MANAGEMENT FOR SERVICES | Compensation paid or accrued to key management for services during the nine-month period ended June 30, 2021 includes: SCHEDULE OF COMPENSATION PAID OR ACCRUED TO KEY MANAGEMENT FOR SERVICES June 30, 2021 June 30, Management fees paid or accrued to the CEO $ - $ 108,000 Management fees paid to the current CFO 6,000 - Management fees paid or accrued to the former CFO 49,636 90,260 Fees paid or accrued to Directors - 18,000 $ 55,636 $ 216,260 |
STOCK-BASED COMPENSATION (Table
STOCK-BASED COMPENSATION (Tables) | 9 Months Ended |
Jun. 30, 2021 | |
Share-based Payment Arrangement [Abstract] | |
SCHEDULE OF STOCK OPTIONS TRANSACTIONS | 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, 2019 49,850,000 $ 0.059 Granted 15,000,000 0.010 Cancelled (30,000,000 ) 0.062 Balance September 30, 2020 34,850,000 $ 0.036 Granted 90,000,000 0.025 Cancelled - N/A Balance June 30, 2021 124,850,000 $ 0.028 |
SCHEDULE OF STOCK OPTIONS OUTSTANDING | The following table summarizes the stock options outstanding at June 30, 2021: SCHEDULE OF STOCK OPTIONS OUTSTANDING Options Outstanding Exercise Price Remaining Contractual Life Number of Options Currently Exercisable 4,000,000 $ 0.060 0 4,000,000 4,000,000 0.060 0.19 4,000,000 3,450,000 0.060 0.32 3,450,000 8,400,000 0.050 0.80 8,400,000 15,000,000 0.010 4.23 15,000,000 90,000,000 0.025 4.82 45,000,000 124,850,000 $ 0.028 4.05 79,850,000 |
NATURE AND CONTINUANCE OF OPE_2
NATURE AND CONTINUANCE OF OPERATIONS (Details Narrative) - USD ($) | Jun. 30, 2021 | Sep. 30, 2020 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Accumulated deficit | $ 65,919,378 | $ 54,065,553 |
SIGNIFICANT ACCOUNTING POLICI_3
SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 9 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Sep. 30, 2020 | |
Property, Plant and Equipment [Line Items] | ||
Cash | $ 54,826 | $ 113,538 |
Antidilutive securities | 0 | 0 |
Cash, FDIC insured amount | $ 250,000 | |
Furniture and Computers [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, useful life | 5 years |
PURCHASE OF DIGIFONICA (Details
PURCHASE OF DIGIFONICA (Details Narrative) - USD ($) | Apr. 12, 2021 | Apr. 12, 2021 | Dec. 31, 2013 | Jun. 30, 2021 | Apr. 16, 2021 |
Business Acquisition [Line Items] | |||||
Treasury stock, shares, acquired | 513,335,229 | ||||
Number of warrant exercised to purchase common shares | 621,470,562 | 621,470,562 | |||
Common shares price | $ 0.021 | $ 0.021 | |||
Warrants and Rights Outstanding, Term | 10 years | 10 years | |||
Common Stock [Member] | |||||
Business Acquisition [Line Items] | |||||
Shares accrued during period, shares | 107,935,333 | ||||
Common shares price | $ 0.021 | $ 0.021 | |||
Seller of Digifonica [Member] | |||||
Business Acquisition [Line Items] | |||||
Treasury stock, shares, acquired | 513,535,229 | 513,535,229 | |||
Shares accrued during period, shares | 107,935,333 | ||||
Number of warrant exercised to purchase common shares | 621,470,562 | ||||
Common shares price | $ 0.021 | ||||
Share Purchase Agreement [Member] | |||||
Business Acquisition [Line Items] | |||||
Business combination, cash transferred | $ 800,000 | ||||
Share Purchase Agreement [Member] | Digifonica [Member] | |||||
Business Acquisition [Line Items] | |||||
Business acquisition, percentage of ownership acquired | 100.00% | ||||
Business acquisition, equity interest issued, number of shares | 389,023,561 | ||||
Anti-dilution clause, percentage of ownership | 40.00% |
RETAINER (Details Narrative)
RETAINER (Details Narrative) - USD ($) | Jun. 30, 2021 | Sep. 30, 2020 |
Retainer | ||
Prepaid retainers, value | $ 20,871 | $ 52,085 |
SCHEDULE OF FIXED ASSETS (Detai
SCHEDULE OF FIXED ASSETS (Details) - USD ($) | Jun. 30, 2021 | Sep. 30, 2020 |
Property, Plant and Equipment [Abstract] | ||
Office furniture & computers | $ 11,917 | $ 11,917 |
Accumulated depreciation | (4,704) | (3,010) |
Net book value | $ 7,213 | $ 8,907 |
SCHEDULE OF INTANGIBLE ASSETS (
SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($) | Jun. 30, 2021 | Sep. 30, 2020 |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
VoIP Intellectual property and patents | $ 1,552,416 | $ 1,552,416 |
Accumulated amortization | (1,014,916) | (911,266) |
Net book value | $ 537,500 | $ 641,150 |
INTANGIBLE ASSETS (Details Narr
INTANGIBLE ASSETS (Details Narrative) | 9 Months Ended |
Jun. 30, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Finite-lived intangible asset, useful life | 12 years |
SCHEDULE OF COMPENSATION PAID O
SCHEDULE OF COMPENSATION PAID OR ACCRUED TO KEY MANAGEMENT FOR SERVICES (Details) - USD ($) | 9 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||
Fees paid or accrued, total | $ 55,636 | $ 216,260 |
Chief Executive Officer [Member] | ||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||
Fees paid or accrued, total | 108,000 | |
Chief Financial Officer [Member] | ||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||
Fees paid or accrued, total | 6,000 | |
Former Chief Financial Officer [Member] | ||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||
Fees paid or accrued, total | 49,636 | 90,260 |
Directors [Member] | ||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||
Fees paid or accrued, total | $ 18,000 |
RELATED PARTY TRANSACTIONS AN_3
RELATED PARTY TRANSACTIONS AND KEY MANAGEMENT COMPENSATION (Details Narrative) - USD ($) | 1 Months Ended | 9 Months Ended | ||
Apr. 12, 2021 | Jun. 30, 2021 | Jun. 30, 2020 | Sep. 30, 2020 | |
Related Party Transaction [Line Items] | ||||
Accrued fees | $ 126,000 | |||
Value for compensation | 55,636 | 90,260 | ||
Fees paid or accrued, total | 55,636 | 216,260 | ||
Accounts payable and accrued liabilities | 148,205 | $ 472,758 | ||
Gain on settlement of accrued payables | 408,531 | |||
Shares to be issued for unpaid director fees | 416,000 | |||
Shares to be issued | $ 79,820 | $ 477,320 | ||
Treasury stock, shares, acquired | 513,335,229 | |||
Number of warrant exercised to purchase common shares | 621,470,562 | |||
Common shares price | $ 0.021 | |||
Seller of Digifonica [Member] | ||||
Related Party Transaction [Line Items] | ||||
Shares accrued during period, shares | 57,334,333 | |||
Treasury stock, shares, acquired | 513,535,229 | 513,535,229 | ||
Shares accrued during period, shares | 107,935,333 | |||
Number of warrant exercised to purchase common shares | 621,470,562 | |||
Common shares price | $ 0.021 | |||
Shares pursuant to anti-dilution clause | ||||
Officers and Directors [Member] | ||||
Related Party Transaction [Line Items] | ||||
Accounts payable and accrued liabilities | $ 358,131 | |||
Unpaid management compensation | 318,531 | |||
Two Members of Board of Directors [Member] | ||||
Related Party Transaction [Line Items] | ||||
Gain on settlement of accrued payables | 90,000 | |||
Management and Related Parties [Member] | ||||
Related Party Transaction [Line Items] | ||||
Shares to be issued | $ 416,000 |
SUPPLEMENTAL CASH FLOW INFORM_2
SUPPLEMENTAL CASH FLOW INFORMATION (Details Narrative) - USD ($) | 9 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Supplemental Cash Flow Elements [Abstract] | ||
Interest paid, net | ||
Income taxes paid | ||
Shares to be issued for settlement | $ 416,000 | |
Treasury Stock, Shares, Acquired | 513,335,229 |
SHARE CAPITAL (Details Narrativ
SHARE CAPITAL (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Aug. 13, 2021 | Aug. 12, 2021 | Apr. 16, 2021 | Sep. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Sep. 30, 2020 | Apr. 12, 2021 | |
Class of Stock [Line Items] | ||||||||
Common stock, shares authorized | 3,000,000,000 | 3,000,000,000 | 3,000,000,000 | |||||
Common stock, par value | $ 0.001 | $ 0.001 | $ 0.001 | |||||
Common stock, shares issued | 2,033,981,592 | 1,644,747,863 | 2,033,981,592 | |||||
Shares issued during period, shares | 44,354,000 | |||||||
Cash proceeds from private placement | $ 641,015 | $ 116,310 | $ 299,310 | |||||
Shares issued for services during period, shares | 33,250,000 | |||||||
Shares issued for services during period | $ 192,000 | $ 169,900 | $ 342,500 | $ 534,500 | ||||
Warrant per share | $ 0.021 | |||||||
Stock option granted , shares | 90,000,000 | 15,000,000 | ||||||
Shares to be issued for unpaid director fees | $ 416,000 | |||||||
Seller of Digifonica [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Warrant per share | $ 0.021 | |||||||
Share to be Issued [Member] | Two Former Directors [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Shares to be issued for unpaid director fees | $ 416,000 | |||||||
Subsequent Event [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Share issued, price per share | $ 0.005 | |||||||
Subsequent Event [Member] | Private Placement [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Shares issued during period, shares | 9,000,000 | |||||||
Cash proceeds from private placement | $ 45,000 | |||||||
Digifonica Purchase Agreement [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Number of shares authorized to be purchase | 513,535,229 | |||||||
Value of stock repurchased | ||||||||
Minimum [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Share issued, price per share | $ 0.005 | $ 0.005 | $ 0.005 | |||||
Maximum [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Share issued, price per share | $ 0.015 | $ 0.01 | $ 0.015 | |||||
Common Stock [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Shares issued during period, shares | 114,001,500 | |||||||
Share issued, price per share | $ 0.025 | |||||||
Cash proceeds from private placement | $ 622,515 | |||||||
Shares issued for services during period, shares | 19,000,000 | 10,300,000 | 14,250,000 | |||||
Shares issued for services during period | $ 19,000 | $ 10,300 | $ 14,250 | |||||
Warrant shares | 621,470,562 | 621,470,562 | ||||||
Warrant per share | $ 0.021 | $ 0.021 | ||||||
Stock option granted , shares | 90,000,000 | |||||||
Outstanding warrants exercised | 107,935,333 | |||||||
Common Stock [Member] | Share to be Issued [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Shares issued for services during period, shares | 1,977,523 | 12,817,523 | ||||||
Shares issued for services during period | $ 61,320 | $ 477,320 | ||||||
Common Stock [Member] | Share to be Issued [Member] | Seller of Digifonica [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Outstanding warrants exercised | 57,334,333 | |||||||
Common Stock [Member] | Share to be Issued [Member] | Management and Related Parties [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Shares issued for services during period, shares | 10,840,000 | |||||||
Shares issued for services during period | $ 416,000 | |||||||
Common Stock [Member] | Minimum [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Share issued, price per share | $ 0.005 | $ 0.005 | ||||||
Common Stock [Member] | Maximum [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Share issued, price per share | $ 0.03 | $ 0.03 | ||||||
Convertible Preferred Stock [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Preferred stock, shares authorized | 1,000,000 | |||||||
Preferred stock, par value | $ 0.01 | |||||||
Preferred stock, shares issued |
SCHEDULE OF STOCK OPTIONS TRANS
SCHEDULE OF STOCK OPTIONS TRANSACTIONS (Details) - $ / shares | 9 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Sep. 30, 2020 | |
Share-based Payment Arrangement [Abstract] | ||
Number of Options, Beginning balance | 34,850,000 | 49,850,000 |
Weighted Average Exercise Price, Beginning balance | $ 0.036 | $ 0.059 |
Number of Options, Granted | 90,000,000 | 15,000,000 |
Weighted Average Exercise Price, Granted | $ 0.025 | $ 0.010 |
Number of Options, Cancelled | (30,000,000) | |
Weighted Average Exercise Price, Cancelled | $ 0.062 | |
Number of Options, Ending balance | 124,850,000 | 34,850,000 |
Weighted Average Exercise Price, Ending balance | $ 0.028 | $ 0.036 |
SCHEDULE OF STOCK OPTIONS OUTST
SCHEDULE OF STOCK OPTIONS OUTSTANDING (Details) - $ / shares | 9 Months Ended | ||
Jun. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2019 | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Options Outstanding | 124,850,000 | 34,850,000 | 49,850,000 |
Exercise Price | $ 0.028 | $ 0.036 | $ 0.059 |
Remaining Contractual Life (Yrs) | 4 years 18 days | ||
Number of Options Currently Exercisable | 79,850,000 | ||
Range 1 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Options Outstanding | 4,000,000 | ||
Exercise Price | $ 0.060 | ||
Remaining Contractual Life (Yrs) | 0 years | ||
Number of Options Currently Exercisable | 4,000,000 | ||
Range 2 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Options Outstanding | 4,000,000 | ||
Exercise Price | $ 0.060 | ||
Remaining Contractual Life (Yrs) | 2 months 8 days | ||
Number of Options Currently Exercisable | 4,000,000 | ||
Range 3 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Options Outstanding | 3,450,000 | ||
Exercise Price | $ 0.060 | ||
Remaining Contractual Life (Yrs) | 3 months 25 days | ||
Number of Options Currently Exercisable | 3,450,000 | ||
Range 4 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Options Outstanding | 8,400,000 | ||
Exercise Price | $ 0.050 | ||
Remaining Contractual Life (Yrs) | 9 months 18 days | ||
Number of Options Currently Exercisable | 8,400,000 | ||
Range 5 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Options Outstanding | 15,000,000 | ||
Exercise Price | $ 0.010 | ||
Remaining Contractual Life (Yrs) | 4 years 2 months 23 days | ||
Number of Options Currently Exercisable | 15,000,000 | ||
Range Six [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Options Outstanding | 90,000,000 | ||
Exercise Price | $ 0.025 | ||
Remaining Contractual Life (Yrs) | 4 years 9 months 25 days | ||
Number of Options Currently Exercisable | 45,000,000 |
STOCK-BASED COMPENSATION (Detai
STOCK-BASED COMPENSATION (Details Narrative) - USD ($) | 1 Months Ended | 9 Months Ended | |||||
Apr. 23, 2021 | Jun. 30, 2021 | Jun. 30, 2020 | Apr. 16, 2021 | Apr. 12, 2021 | Sep. 30, 2020 | Sep. 30, 2019 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Warrant oustanding, shares | 621,470,562 | ||||||
Warrant per share | $ 0.021 | ||||||
Risk free interest rate | 0.83% | 0.00% | |||||
Expected life (in years) | 5 years | 0 years | |||||
Expected volatility | 160.00% | 0.00% | |||||
Expected dividend yield | 0.00% | 0.00% | |||||
Warrants and Rights Outstanding | $ 11,089,812 | ||||||
Share issued granded , price per share | $ 0.022 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term | 5 years | ||||||
Compensation cost | $ 1,003,166 | ||||||
Options outstanding | 124,850,000 | 34,850,000 | 49,850,000 | ||||
Number of options currently exercisable | 79,850,000 | ||||||
Total intrinsic value of options exercised | |||||||
Stock Option Plan [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Options outstanding | 45,000,000 | ||||||
Number of options currently exercisable | 90,000,000 | ||||||
Directors, Officers, Employees, Consultants and Advisors [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Stock options granted | 90,000,000 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Purchased for Award | 90,000,000 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $ 0.025 | ||||||
Stock Option Plan [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Options to purchase common shares | 10.00% | ||||||
Warrant [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Risk free interest rate | 1.59% | 0.00% | |||||
Expected life (in years) | 10 years | 0 years | |||||
Expected volatility | 184.223% | 0.00% | |||||
Expected dividend yield | 0.00% | 0.00% | |||||
Share issued granded , price per share | $ 0.02 | ||||||
Intrinsic value | $ 0.0189 | ||||||
Common Stock [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Warrant shares | 621,470,562 | 621,470,562 | |||||
Warrant per share | $ 0.021 | $ 0.021 |
CONTINGENT LIABILITIES (Details
CONTINGENT LIABILITIES (Details Narrative) - USD ($) | Oct. 06, 2016 | Jun. 30, 2018 | May 31, 2018 | Feb. 29, 2016 | Jun. 30, 2021 | Sep. 30, 2021 | Sep. 30, 2019 | Sep. 30, 2016 |
Board of Directors [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Performance bonus percent | 66.67% | 3.00% | ||||||
Authorized the increase of performance bonus | 10.00% | |||||||
Director and Several Consultants [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Bonus shares | 127,000,000 | |||||||
Director and Several Consultants [Member] | Restricted from Trading Under Rule 144 [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Bonus shares | 94,000,000 | |||||||
Apple Inc, Verizon Wireless Services LLC, Verizon Communications Inc, AT and T Corp [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Name of Plaintiff | VoIP-Pal.com Inc. | |||||||
Name of Defendant | Apple, Inc. | |||||||
Legal suit, description | In February 2016 the Company filed patent infringement lawsuits in the United States District Court, District of Nevada against Apple, Inc, (Case No. 2:16-CV-00260), Verizon Wireless Services, LLC, Verizon Communications Inc., and AT&T Corp. (Case No. 2:16-CV-00271). These cases are seeking a combined $7,024,377,876 in damages. On May 9, 2016, the lawsuits were officially served to these companies (collectively, the “Defendants”). | |||||||
Damages sought value | $ 7,024,377,876 | |||||||
Twitter, Inc. [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Name of Plaintiff | VoIP-Pal.com Inc. | |||||||
Name of Defendant | Twitter, Inc. | |||||||
Legal suit, description | On October 6, 2016, the Company filed a lawsuit in the United States District Court, District of Nevada against Twitter, Inc, (Case No. 2:16- CV-02338) in which Voip-Pal.com alleges infringement of U.S. Patent No. 8,542,815 and its continuation patent, U.S. Patent No. 9,179,005, This case is seeking $3,200,000,000 in damages. On December 28, 2016, the lawsuit was officially served to Twitter, Inc. On February 28, 2018, Twitter filed a motion to transfer its case based on improper venue and the case was subsequently transferred to the U.S. District Court for the Northern District of California, where it was renamed as Case No. 5:18-cv-4523 and consolidated with Case Nos. 5:18-cv-06217-LHK and 5:18-cv-066054-LHK. The Defendants filed a Motion to Dismiss the cases, asserting that Voip-Pal’s ‘005 and ‘815 patents do not claim patentable subject matter. On March 25, 2019, the U.S. District Court for the Northern District of California granted the Defendants’ Motion to Dismiss. The Company appealed the district court decision to the U.S. Court of Appeals for the Federal Circuit. The Federal Circuit affirmed the district court’s decision. | |||||||
Damages sought value | $ 3,200,000,000 | |||||||
Amazon Com Inc [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Name of Plaintiff | VoIP-Pal.com Inc. | |||||||
Name of Defendant | Amazon.com, Inc. | |||||||
Legal suit, description | In June 2018, the Company filed a lawsuit in the United States District Court, District of Nevada, against Amazon.com, Inc. and certain related entities, alleging infringement of U.S. Patent Nos. 9,537,762, 9,813,330, 9,826,002 and 9,948,549. In November 2018, the case was transferred to the U.S. District Court for the Northern District of California, where it was renamed Case No. 5:18-cv-07020-LHK and consolidated with Case No. 5:18-cv-06216-LHK. The Defendants filed a Motion to Dismiss the cases, asserting that Voip-Pal’s ‘762, ’330, ’002, and ‘549 patents do not claim patentable subject matter. On November 1, 2019, the U.S. District Court for the Northern District of California granted the Defendants’ Motion to Dismiss in all of the cases. The Company appealed the district court decision to the U.S. Court of Appeals for the Federal Circuit, who affirmed the district court’s decision. During the period ended December 31, 2020, the Company filed a petition for rehearing of this case, which petition was subsequently denied by the court in January 2021. | |||||||
Apple Inc [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Name of Plaintiff | VoIP-Pal.com Inc. | |||||||
Name of Defendant | Apple, Inc. | |||||||
Legal suit, description | In May 2018, the Company filed a lawsuit in the United States District Court, District of Nevada, against Apple, Inc., alleging infringement of U.S. Patent Nos. 9,537,762, 9,813,330, 9,826,002 and 9,948,549. In November 2018, the case was transferred to the U.S. District Court for the Northern District of California, where it was renamed Case No. 5:18-cv-06216-LHK and consolidated with Case No. 5:18-cv-07020. The Defendants filed a Motion to Dismiss the cases, asserting that Voip-Pal’s ‘762, ’330, ’002, and ‘549 patents do not claim patentable subject matter. On November 1, 2019, the U.S. District Court for the Northern District of California granted the Defendants’ Motion to Dismiss in all of the cases. The Company appealed the district court decision to the U.S. Court of Appeals for the Federal Circuit, who affirmed the district court’s decision. |