美股A股
StockGist
Back
10-Q2026-02-12· grok-4-1-fast-non-reasoning

VPLM · Voip-Pal.com Inc.

0001493152-26-006474

SEC filing

Summary

Voip-Pal.com Inc. (VPLM) reported a comprehensive loss of $920K for Q1 2026 ending December 31, 2025, driven by elevated professional fees of $643K and selling, general, and administrative expenses of $89K, partially offset by $149K in non-operating income. Total operating expenses reached $34K, reflecting ongoing operational costs in this development-stage company with no revenue disclosed. Balance sheet shows total assets of $694K, primarily cash of $587K and restricted cash of $40K, with total liabilities at $142K, yielding stockholders' equity of $552K. Cash flows from operating activities used $519K, mitigated by $45K from private placement financing, resulting in a $474K decrease in cash during the period. Issued common shares stood at 3,762,570,684, with weighted average shares outstanding at 3.75B. Earnings per share remained at $0 basic and diluted. No prior period comparisons are provided in the filing. The company's cash position supports short-term operations amid persistent losses and high share count, signaling dilution risks for investors.

Key takeaways

Full analysis

Performance Summary

Voip-Pal.com Inc. reported a loss and comprehensive loss of -$920K for the period ending December 31, 2025 (Q1 2026). Key expenses included professional fees of $643K, selling, general and administrative expense of $89K, patent consulting fees of $5K, and total operating expenses of $34K. Non-operating income was $149K. Earnings per share basic and diluted were $0, with weighted average shares outstanding at 3.75B (diluted same). No revenue or prior period figures are disclosed for direct QoQ comparison. Balance sheet reflects total assets of $694K and total liabilities of $142K. Stockholders' equity totals $552K, with share capital at $3.2M, preferred share capital $9K, additional paid-in capital $107.8M, and deficit -$110.5M. Issued common shares increased to 3,762,570,684 from 3,746,305,519 at September 30, 2025.

Revenue Analysis

No revenue figures are disclosed in the filing. The company appears to be a development-stage entity focused on patents, with expenses related to patent consulting fees ($5K) indicating ongoing intellectual property activities rather than revenue-generating operations. No segment breakdown, geographic mix, or growth drivers are provided.

Margins & Profitability

No gross profit, gross margin, or operating income metrics are available, consistent with absence of revenue. The comprehensive loss of -$920K reflects high professional fees ($643K) dominating the cost structure at 70% of total loss magnitude. Stock-based compensation contributed $458K to non-cash expenses. No margin trends or prior period comparisons disclosed.

Cash Flow & Balance Sheet

Cash flows used in operating activities totaled -$519K, driven by the $920K loss, adjusted for non-cash items including stock-based compensation $458K, shares issued for services $25K, preferred shares for anti-dilution $1K, and working capital changes: accounts payable decrease -$32K, prepaid expense $25K, retainer $34. Financing activities provided $45K from private placement. Net decrease in cash was -$474K. Balance sheet liquidity anchored by cash $587K (84% of total assets $694K), restricted cash $40K, prepaid $65K, retainer $2K. Liabilities limited to accounts payable and accrued $142K. No debt disclosed.

Outlook

No management guidance, strategic priorities, or risk factors are explicitly discussed in the provided filing content. Investors should note persistent operating losses, cash burn rate of approximately $519K per quarter, and equity financing reliance amid high share count.