Quarterly ResultMay 12, 2026, 05:27 PM
Voip-pal.com Reports $2.95M Six-Month Loss; Going Concern Doubt
AI Summary
Voip-pal.com Inc. reported a significant increase in its six-month loss, reaching $2,948,478 for the period ended March 31, 2026, compared to $1,911,066 in the prior year. The company's cash balance and total assets saw substantial declines, with cash falling to $435,656 and total assets to $530,188. These financial results, coupled with an accumulated deficit of $112,533,413, raise substantial doubt about the company's ability to continue as a going concern, dependent on securing additional capital and achieving profitable operations.
Key Highlights
- Reported a six-month loss of $2,948,478 for March 31, 2026, up from $1,911,066 year-over-year.
- Cash balance decreased to $435,656 as of March 31, 2026, from $1,060,499 at September 30, 2025.
- Total assets declined to $530,188 as of March 31, 2026, from $1,143,199 at September 30, 2025.
- Accumulated deficit reached $112,533,413 as of March 31, 2026.
- Cash flows used in operating activities totaled $829,843 for the six months ended March 31, 2026.
- Raised $205,000 from a private placement during the six-month period.
- Stock-based compensation amounted to $1,958,430 for the six months ended March 31, 2026.