Document And Entity Information
Document And Entity Information | 6 Months Ended |
Jun. 30, 2024 | |
Document Information Line Items | |
Entity Registrant Name | MOBILICOM LIMITED |
Document Type | 6-K |
Current Fiscal Year End Date | --12-31 |
Amendment Flag | false |
Entity Central Index Key | 0001898643 |
Document Period End Date | Jun. 30, 2024 |
Document Fiscal Year Focus | 2024 |
Document Fiscal Period Focus | Q2 |
Entity File Number | 001-41427 |
Unaudited Interim Condensed Con
Unaudited Interim Condensed Consolidated Statement of Profit or Loss and other Comprehensive Income - USD ($) | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | [1] | |
Consolidated Statements of Profit or Loss and Other Comprehensive Income (Loss) [Abstract] | |||
Revenue | $ 1,804,765 | $ 543,431 | |
Cost of sales | (802,151) | (227,074) | |
Government grants | 45,977 | 72,980 | |
Foreign exchange losses | 136,518 | 906,343 | |
Interest received | 123,388 | 196,555 | |
Net gain on fair value movement of warrants | 1,292,371 | 146,661 | |
Total other income | 1,598,254 | 1,322,539 | |
Expenses | |||
Selling and marketing expenses | (924,449) | (935,840) | |
Research and development | (1,047,126) | (1,008,289) | |
General and administration expenses | (1,127,117) | (1,058,180) | |
Finance costs | (1,099,051) | (16,971) | |
Loss before income tax expense | (1,596,875) | (1,380,384) | |
Income tax expense | (57,000) | (70,833) | |
Loss after income tax expense for the half-year attributable to the owners of Mobilicom Limited | (1,653,875) | (1,451,217) | |
Items that will not be reclassified subsequently to profit or loss | |||
Re-measurement of defined benefit plans | 3,098 | 4,615 | |
Foreign currency translation | (260,307) | ||
Items that may be reclassified subsequently to profit or loss | |||
Foreign currency translation | (173,688) | (657,192) | |
Other comprehensive loss for the half-year, net of tax | (170,590) | (912,884) | |
Total comprehensive loss for the half-year attributable to the owners of Mobilicom Limited | $ (1,824,465) | $ (2,364,101) | |
Basic earnings/(losses) per share (in Dollars per share) | $ (0.0011) | $ (0.0011) | |
Diluted earnings /(losses) per share (in Dollars per share) | $ (0.0011) | $ (0.0011) | |
[1]Restated throughout for presentation in US Dollars. See note 1 to the unaudited interim condensed consolidated financial statements for further details. |
Unaudited Interim Condensed C_2
Unaudited Interim Condensed Consolidated Statement of Financial Position - USD ($) | Jun. 30, 2024 | Dec. 31, 2023 | [1] |
Current assets | |||
Cash and cash equivalents | $ 9,676,328 | $ 8,385,283 | |
Restricted cash | 58,008 | 59,426 | |
Trade receivables | 187,184 | 664,315 | |
Other receivables | 256,384 | 313,263 | |
Inventories, net | 709,345 | 934,779 | |
Total current assets | 10,887,249 | 10,357,066 | |
Non-current assets | |||
Property, plant and equipment, net | 87,550 | 80,547 | |
Right-of-use assets | 328,310 | 460,300 | |
Total non-current assets | 415,860 | 540,847 | |
Total assets | 11,303,109 | 10,897,913 | |
Current liabilities | |||
Trade payables | 348,988 | 501,424 | |
Other payables | 695,461 | 918,594 | |
Lease liabilities | 207,847 | 223,700 | |
Warrants financial liability | 1,555,632 | 1,075,808 | |
Total current liabilities | 2,807,928 | 2,719,526 | |
Non-current liabilities | |||
Lease liabilities | 115,521 | 229,078 | |
Employee benefits | 203,409 | 202,151 | |
Governmental liabilities on grants received | 13,235 | 4,560 | |
Total non-current liabilities | 332,165 | 435,789 | |
Total liabilities | 3,140,093 | 3,155,315 | |
Net assets | 8,163,016 | 7,742,598 | |
Equity | |||
Issued capital | 32,878,307 | 31,035,121 | |
Reserves | (680,372) | (911,479) | |
Accumulated losses | (24,034,919) | (22,381,044) | |
Total equity | $ 8,163,016 | $ 7,742,598 | |
[1]Restated throughout for presentation in US Dollars. See note 1 for further details. |
Unaudited Interim Condensed C_3
Unaudited Interim Condensed Consolidated Statement o f Changes In Equity - USD ($) | Issued capital | Share based payments reserve | Foreign currency translation reserve | Re-measurement reserve | Accumulated losses | Total | ||
Balance at Dec. 31, 2022 | [1] | $ 30,907,405 | $ 771,138 | $ (1,632,531) | $ (96,953) | $ (17,815,290) | $ 12,133,769 | |
Loss after income tax expense for the half-year | (1,451,217) | (1,451,217) | ||||||
Other comprehensive income for the half-year, net of tax | (657,192) | 4,615 | (652,577) | |||||
Translation adjustments due to change in presentation currency | (260,307) | (260,307) | ||||||
Total comprehensive income for the half-year | (917,499) | 4,615 | (1,451,217) | (2,364,101) | ||||
Share-based payments | 113,145 | 113,145 | ||||||
Transactions with owners in their capacity as owners: | ||||||||
Forfeiture of options | (7,174) | (7,174) | ||||||
Expiry of options | 30,007 | (30,007) | ||||||
Cancellation of shares | (20,291) | (20,291) | ||||||
Balance at Jun. 30, 2023 | [1] | 30,917,121 | 847,102 | (2,550,030) | (92,338) | (19,266,507) | 9,855,348 | |
Balance at Dec. 31, 2023 | 31,035,121 | 1,233,434 | (2,054,227) | (90,686) | (22,381,044) | 7,742,598 | [2] | |
Loss after income tax expense for the half-year | (1,653,875) | (1,653,875) | ||||||
Other comprehensive income for the half-year, net of tax | (173,688) | 3,098 | (170,590) | |||||
Total comprehensive income for the half-year | (173,688) | 3,098 | (1,653,875) | (1,824,465) | ||||
Share-based payments | 428,066 | 428,066 | ||||||
Transactions with owners in their capacity as owners: | ||||||||
Contributions of equity, net of transaction costs (note 7) | 1,816,817 | 1,816,817 | ||||||
Expiry of options | 26,369 | (26,369) | ||||||
Balance at Jun. 30, 2024 | $ 32,878,307 | $ 1,635,131 | $ (2,227,915) | $ (87,588) | $ (24,034,919) | $ 8,163,016 | ||
[1]Restated throughout for presentation in US Dollars. See note 1 to the unaudited interim condensed consolidated financial statements for further details.[2]Restated throughout for presentation in US Dollars. See note 1 for further details. |
Unaudited Interim Condensed C_4
Unaudited Interim Condensed Consolidated Statement of Cash Flows - USD ($) | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | [1] | |
Cash flows from operating activities | |||
Receipts from customers (inclusive of GST) | $ 2,281,896 | $ 426,128 | |
Payments to suppliers and employees (inclusive of GST) | (3,524,972) | (2,821,962) | |
Interest received | 123,388 | 196,555 | |
Interest paid on lease liabilities | (15,747) | (5,636) | |
Government grants received | 45,977 | 72,980 | |
Net cash used in operating activities | (1,089,458) | (2,131,935) | |
Cash flows from investing activities | |||
Payments for property, plant and equipment | (19,458) | (4,304) | |
Net cash used in investing activities | (19,458) | (4,304) | |
Cash flows from financing activities | |||
Proceeds from shares issuance | 2,949,909 | ||
Capital raising costs | (436,203) | ||
Shares buyback (Small parcel plan) payments | (20,291) | ||
Repayment of lease liabilities | (115,163) | (124,949) | |
Net cash provided by / (used in) financing activities | 2,398,543 | (145,240) | |
Net increase (decrease) in cash and cash equivalents and restricted cash | 1,289,627 | (2,281,479) | |
Cash and cash equivalents and restricted cash at the beginning of the financial half-year | 8,444,709 | 12,891,672 | |
Cash and cash equivalents and restricted cash at the end of the financial half-year | $ 9,734,336 | $ 10,610,193 | |
[1]Restated throughout for presentation in US Dollars. See note 1 to the unaudited interim condensed consolidated financial statements for further details. |
General Information
General Information | 6 Months Ended |
Jun. 30, 2024 | |
General Information [Abstract] | |
General information | Note 1. General information The consolidated condensed interim unaudited financial statements cover Mobilicom Limited (the “Company”) as a group consisting of the Company and the entities it controlled at the end of, or during, the half year ended June 30, 2023 (collectively, the “Group”). On January 1, 2024, the Company transitioned from the Australian dollar (“AUD”) as its presentation currency to the U.S. dollar (‘USD”) as its presentation currency. The change was accounted as a change of accounting policy on a retrospective basis. In addition, commencing January 1, 2024, the Company transitioned from AUD as its functional currency to USD as its functional currency. See note 2 for further details. The functional currency of the Company’s subsidiary, Mobilicom Ltd (“Mobilicom Israel”), is Israeli New Shekels. Mobilicom Limited is a listed public company limited by shares, incorporated and domiciled in Australia. Its registered office and principal place of business are: C/- JM Corporate Services Pty Ltd Level 21, 459 Collins Street Melbourne, Victoria, 3000 Australia The company’s principal activities are design, develop and deliver of cybersecurity and smart robust solutions for drone, robotics and autonomous platforms. The Company is an end-to-end provider of cybersecurity and robust solutions for drones, robotics & autonomous platforms. As a high-tech company it designs, develops, and delivers robust solutions focused primarily on global drone, robotics and autonomous system manufacturers. The Company holds patented technology & unique know-how for Mobile Mesh networking. It has a large, field proven portfolio of commercialized products used in a variety of applications. The Company is growing a global customer base with sales to high profile customers including corporates, governments, and military departments. Mobilicom’s competitive advantages include outstanding security capabilities and performance in harsh environmental conditions. The Company’s large solution portfolio is being deployed worldwide, seeing the Company derive revenue from hardware, software sales & licensing fees and professional support services for its solutions. In October 2023, Hamas terrorists infiltrated Israel’s southern border from the Gaza Strip and conducted a series of attacks on civilian and military targets. Hamas also launched extensive rocket attacks on the Israeli population and industrial centers located along Israel’s border with the Gaza Strip and in other areas within the State of Israel. These attacks resulted in thousands of deaths and injuries, and Hamas additionally kidnapped many Israeli civilians and soldiers. Following the attack, Israel’s security cabinet declared war against Hamas and commenced a military campaign against Hamas and other terrorist organizations in parallel to their continued rocket and terror attacks, which included call-up reservists for active military duty in the Israel Defense Forces. As the vast majority of the employees of the Company are situated in Israel, as of the date of the authorization of the financial statements by the directors, none of the Company’s members of management nor employees are in active military reserve duty. The Company’s product, research and development and business development activities remain on track. The consolidated condensed interim unaudited financial statements were authorised for issue, in accordance with a resolution of directors, on September 6, 2024. |
Material Accounting Policy Info
Material Accounting Policy Information | 6 Months Ended |
Jun. 30, 2024 | |
Material Accounting Policy Information [Abstract] | |
Material accounting policy information | Note 2. Material accounting policy information These general-purpose consolidated condensed interim unaudited financial statements for the interim half-year reporting period ended June 30, 2024, have been prepared in accordance with International Accounting Standards (“IAS”) 34 “Interim Financial Reporting” as issued by the International Accounting Standards Board (‘IASB’). These general-purpose consolidated condensed interim unaudited financial statements do not include all the notes of the type normally included in annual financial statements. Accordingly, these consolidated condensed interim unaudited financial statements are to be read in conjunction with the annual report for the year ended December 31, 2023, and any public announcements made by the company during the interim reporting period in accordance with the continuous disclosure requirements of the Australian Corporations Act 2001. The accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period, unless otherwise stated. Financial statements in U.S. dollars (“USD”): Since the Company’s listing on the Nasdaq Capital Market (“Nasdaq”) in August 2022, all capital raises have been denominated in USD. In addition, a majority of the Company’s current assets are in USD, as well as a portion of the costs incurred by the Company are in USD. Management believes that the USD is the primary currency of the economic environment in which the Company operates. On January 1, 2024, the Company moved to USD as its presentation currency. The change was accounted as a change of accounting policy on a retrospective application. The change in presentation currency was followed by change in the functional currency of the Company to USD, requiring re-measurement from the local currency into USD for each of these entities. All exchange gains and losses resulting from the re-measurement are reflected in the consolidated statement of profit or loss and other comprehensive income, as appropriate. Prior to January 1, 2024, the functional currency of the Company was the AUD. Accordingly, the financial statements of the Company were translated into USD. All statement of financial position accounts were translated using the exchange rates in effect at the balance sheet date. Amounts recorded in the unaudited interim condensed consolidated statement of profit or loss and other comprehensive income were translated using the average exchange rate prevailing during the year. The resulting translation adjustments were reported as a component of shareholders’ equity under accumulated other comprehensive income. Effective as of the Company’s fiscal year beginning January 1, 2024, the Company’s functional currency became the USD. IAS 21” The Effects of Changes in Foreign Exchange Rates”, requires a change in functional currency to be reported as of the date it is determined there has been a change, and it is generally accepted practice that the change is made at the start of the most recent period that approximates the date of the change. Management determined it would enact this change effective on January 1, 2024. While the change was based on a factual assessment, the determination of the date of the change required management’s judgement given the change in the primary economic and business environment, in which the Company operates, have evolved over time. As part of management’s functional currency assessment, changes in economic facts and circumstances were considered. This included analysis of changes in: management of operations, process, and in the composition of cash and equity balances. The Company has implemented budgeting in USD, whereas this was previously performed in AUD. The Company’s cash inflows consist primarily of USD cash balances and less of AUD, as also reflected in the budget. Following the Company’s delisting from the Australian Securities Exchange in November 2023, the Company focus its capital raise efforts primarily in USD. Assuming current business operating model stays constant, management believes that the USD cash balances will continue to increase, while AUD cash balances will continue to produce a net outflow. Management re-evaluated all indicators established in IAS 21 to determine the functional currency of the Company. Such indicators include i) cash flow, ii) expense, iii) financing and iv) intercompany transactions and arrangements. Management determined that the cash flow and financing indicators were most relevant to the Company operations and its primary economic environment. At the time of the assessment adopted on January 1, 2024, cash flows generated by the Company that relate to its assets and liabilities now directly affect the Company’s cash flows and are readily available for remittance to the Company. The majority of cash flow of the Company’s operations is denominated in USD. Significant asset and equity items on the Company balance sheet are comprised almost solely (greater than 90%) of USD denominated transactions. Furthermore, most of the Company’s generated cash flows are now invested in USD based cash and cash equivalents. Since such investments are short-term, cash is readily available for current needs of the group. Thus, the USD is the primary currency from which the Company generates and accumulates cash. When considering all relevant facts together, management concluded that the USD best reflects the currency of the primary economic environment in which the Company currently operates. Therefore, USD is the functional currency as a result of the change in the most significant economic facts and circumstances from cash flow and financing indicators. As a result, the Company adopted USD as the functional currency effective January 1, 2024. The change was accounted for prospectively from the date of the change in accordance with IAS 21, “Foreign Currency Matters.” The translated balances of monetary and nonmonetary assets and liabilities recorded in the Company financial statements as of the end of the prior reporting period became the new accounting basis for those assets and liabilities in the period of the change. To the extent the entity had monetary assets and liabilities denominated in the old functional currency, such balances created transactional gains and losses subsequent to the change in functional currency. The amount recorded in the currency translation adjustment account for prior periods was not reversed upon the change in functional currency. The exchange rate on the date of the change became the historical rate for subsequent re-measurement of nonmonetary assets and liabilities into the new functional currency. The following table summarizes the impact on both consolidated net loss and other comprehensive income (loss) utilizing USD as the functional currency of the Company as of June 30, 2024, compared to the related impact if the functional currency of the Company would have remained AUD (excluding foreign exchange from transactions denominated in AUD recorded in the respective period) USD AUD (*) (Unaudited Pro Financial income, net - attributed to foreign translation gain 136,518 694,958 Other comprehensive loss - attributed to foreign currency translation adjustments (170,590 ) (476,413 ) (*) New Accounting Standards and Interpretations not yet mandatory or early adopted In April 2024, the IASB issued IFRS 18, “Presentation and Disclosure in Financial statements”, a comprehensive new accounting standard which replaces existing IAS 1, “Presentation of Financial Statements”, carrying forward many of the requirements in IAS 1 unchanged and complementing them with new requirements. New requirements of IFRS 18 include mandates to: - present specified categories and defined subtotals in the statement of profit or loss and other comprehensive loss; - provide disclosures on management-defined performance measures (MPMs) in the notes to the consolidated financial statements; and - improve aggregation and disaggregation of information in the consolidated financial statements. This standard is effective for annual reporting periods beginning on or after January 1, 2027. Earlier application is permitted but will need to be disclosed. The Company is currently assessing the impact of adopting IFRS 18 on the consolidated financial statements. Other than the above IFRS 18, International Financial Reporting Standards and Interpretations that have recently been issued or amended but are not yet mandatory, have not been early adopted by the consolidated entity for the half-year ended June 30, 2024. Liquidity These unaudited interim condensed consolidated financial statements have been prepared on the assumption that the Company will continue as a going concern, meaning it will continue in operation for the foreseeable future and will be able to realize assets and discharge liabilities in the ordinary course of operations. As of June 30, 2024, the Company has not achieved positive cash flow from operations and incurred a net loss of $1,653,875 for the period ended June 30, 2024, and generated $24,034,919 of accumulated losses since inception. The Company estimates that it has adequate financial resources for the foreseeable future based on its current cash and trade receivable balances and its ongoing operations. Until the Company can generate significant recurring revenues, profit and cash flow provided by operating activity it expects to satisfy future cash needs through debt or equity financing as well as governmental grants. In the event that the Company requires additional financing, it may not be able to raise such financing on terms acceptable to it or at all. |
Operating Segments
Operating Segments | 6 Months Ended |
Jun. 30, 2024 | |
Operating Segments [Abstract] | |
Operating segments | Note 3. Operating segments The company operates in one segment. Management does not segregate its business for internal reporting. The company’s chief operating decision makers (“CODM”) evaluate the performance of the business based on financial data consistent with the presentation in the accompanying financial statements. The company concluded that its unified business is conducted globally and accordingly represents one operating segment. |
Revenue
Revenue | 6 Months Ended |
Jun. 30, 2024 | |
Revenue [Abstract] | |
Revenue | Note 4. Revenue June 30, 2024 June 30, 2023 $ $ Unaudited Unaudited Sales of goods 1,804,765 543,431 Revenue from contracts with customers Revenue from the sale of goods is recognized at the point in time when the customer obtains control of the goods, which is generally at the time of delivery. Income by geography For the period ended June 30, For the period ended June 30, % of total income % of total income Israel 65 % 64 % U.S. & Canada 30 % 4 % Rest of the world 5 % 32 % |
Lease Liabilities
Lease Liabilities | 6 Months Ended |
Jun. 30, 2024 | |
Lease Liabilities [Abstract] | |
Lease liabilities | Note 5. Lease liabilities June 30, December 31, $ $ Unaudited Current 207,847 223,700 Non-current 115,521 229,078 Lease liability 323,368 452,778 |
Current Liabilities - Warrants
Current Liabilities - Warrants Financial Liability | 6 Months Ended |
Jun. 30, 2024 | |
Current Liabilities - Warrants Financial Liability [Abstract] | |
Current liabilities - Warrants financial liability | Note 6. Current liabilities - Warrants financial liability June 30, 2024 December 31, $ $ Unaudited Warrants at fair value 1,555,632 1,075,808 The Company accounts for warrants issued to investors in conjunction with IFRS 9 “Financial Instruments” accounting standards issued by IASB. (a) On August 25, 2022, the Company completed its U.S. listing on the Nasdaq via the issuance of 3,220,338 American Depository Shares (“ADSs”) and the accompanying 3,220,338 tradable pre-funded warrants for a total consideration of $13,299,996. Each ADS represents 275 ordinary shares, no In addition, on August 25, 2022, in connection with the U.S listing, the Company granted a total 161,017 representative warrants each exercised to one ADS at an exercise price of $5.16. The representative warrants have 5-year term, and they can be exercised any time before their expiry date August 25, 2027. The representative warrants may be exercised on a cashless basis if there is no effective registration statement registering the ADSs underlying the warrants. The tradable pre-funded warrant and representative warrant are referred herein together as “August 2022 Warrants”. The August 2022 Warrants represent financial liabilities at fair value through profit or loss. On June 30, 2023, the Company reassessed the valuation methodology applied to the valuation of the August 2022 Warrants, in conjunction with an independent valuation from a third party. The August 2022 Warrants are trading on Nasdaq and based on current market activity, it was deemed to be in an active market. The directors believe the quoted share price of the MOBBW security trading on the Nasdaq represents a more accurate valuation of the August 2022 Warrants based on the guidance of IFRS 13 Fair Value Measurement The following assumptions were based on observable market conditions that existed at December 31, 2023 and of June 30, 2024: Assumption At December 31, 2023 At June 30, 2024 Value methodology Level 1 Level 1 Level 1 Level 1 Exercise price $ 5.0 $ 5.16 $ 5.0 $ 5.16 Share price $ 0.367 $ 0.367 $ 0.130 $ 0.130 Fair value per warrant $ 0.367 $ 0.367 $ 0.130 $ 0.130 For the half-year ended June 30, 2024, the Company recorded fair value gain, net of translation adjustments of $694,732 under the as a result of the change in the fair (b) On January 30, 2024, the Company completed a registered direct offering via the issuance of 486,871 ADSs at an offering price of $1.55 per ADS and 1,416,354 pre-funded warrants at an offering price of $1.5499 for a total consideration of $2,949,857. One pre-funded warrant is exercisable to one ADS upon payment of the remain $0.0001 per warrant. During April 2024, 520,078 pre-funded warrants were exercised into 520,078 ADS for a total of $52, and 520,078 pre-funded warrants were exercised into 519,656 ADS on a cashless basis. In addition, on January 30, 2024, in a concurrent private placement, the Company issued to the investors in the registered direct offering warrants to purchase up to an aggregate of 1,903,225 ADS at an exercise price of $1.55 per ADS. The warrants have 5-year term, and they can be exercised any time before expiry date January 30, 2029. The warrants may be exercised on a cashless basis if there is no effective registration statement registering the ADSs underlying the warrants. In addition, on January 30, 2024, in connection with the registered direct offering, the Company granted a total 95,161 placement agent warrants each exercisable to one ADS at an exercise price of $1.55. The placement agent warrants have 5-year term, and they can be exercised any time before expiry date January 30, 2029. The placement agent warrants may be exercised on a cashless basis if there is no effective registration statement registering the ADSs underlying the warrants. The pre-funded warrant, private placement warrants, and placement agent warrant are referred herein together as “January 2024 Warrants”. The January 2024 Warrants represent financial liabilities at fair value through profit or loss. The following assumptions were based on observable market conditions that existed at issued date and of June 30, 2024: At issue date At June 30, 2024 Assumption Value methodology Level 2 Level 2 Level 2 Level 2 Historical volatility 86 % 86 % 86 % 86 % Exercise price $ 0.000 $ 1.550 $ 0.000 $ 1.550 Share price $ 1.270 $ 1.270 $ 0.965 $ 0.965 Risk-free interest rate 4.3 % 4.3 % 4.3 % 4.3 % Dividend yield 0 % 0 % 0 % 0 % Fair value per warrant $ 1.270 $ 0.574 $ 0.965 $ 0.406 For the half-year ended June 30, 2024, the Company recorded fair value gain, net of translation adjustments of $597,639 under the unaudited interim condensed consolidated statement of profit or loss and other comprehensive income as a result of the change in the fair value of January 2024 Warrants. A summary of changes in August 2022 Warrants and January 2024 Warrants issued by the Company during the year ended June 30, 2024, is as follows: Fair value measurements using input type Level 1 Level 2 Level 3 Balance as of December 31, 2023 $ 1,075,808 $ - - Warrants issued during the period 2,945,971 Transfer upon exercise of warrants (1,173,776 ) Fair value gain recognized in unaudited interim condensed consolidated statement of profit or loss and other comprehensive income (694,732 ) (597,639 ) - Warrant liability as of June 30, 2024 $ 381,076 $ 1,174,556 - |
Equity - Issued Capital
Equity - Issued Capital | 6 Months Ended |
Jun. 30, 2024 | |
Equity - Issued Capital [Abstract] | |
Equity - issued capital | Note 7. Equity - issued capital Consolidated June 30, December 31, June 30, December 31, Shares Shares $ $ Unaudited Unaudited Ordinary shares - fully paid 1,746,493,068 1,326,676,693 32,878,307 31,035,121 Movements in spare share capital Details Date Shares Issue price $ Balance December 31, 2023 1,326,676,693 31,035,121 Issue of registered direct offering shares (net of warrant fair value)(*) January 30, 2024 133,889,525 $ 0.017 2,252,968 Exercise of pre-funded warrants(**) 285,926,850 $ 0.000 52 Capital raising costs - (436,203 ) Expiry of options - 26,369 Balance June 30, 2024 1,746,493,068 32,878,307 (*) (**) Ordinary shares Ordinary shares entitle the holder to participate in dividends and the proceeds on the winding up of the company in proportion to the number of and amounts paid on the shares held. The fully paid ordinary shares have no par value and the company does not have a limited amount of authorised capital. On a show of hands every member present at a meeting in person or by proxy shall have one vote and upon a poll each share shall have one vote. |
Equity - Reserves
Equity - Reserves | 6 Months Ended |
Jun. 30, 2024 | |
Equity - Reserves [Abstract] | |
Equity - reserves | Note 8. Equity - reserves June 30, 2024 December 31, $ $ Unaudited Foreign currency reserve (2,227,915 ) (2,054,227 ) Re-measurements reserve (87,588 ) (90,686 ) (2,315,503 ) (2,144,913 ) Foreign currency reserve The reserve is used to recognise exchange differences arising from the translation of the condensed interim financial statements of foreign operations to Australian dollars. Re-measurement reserve The reserve is used for remeasurements comprising actuarial gains and losses on the net defined benefit liability. Movements in reserves Movements in each class of reserve during the current financial half-year are set out below: Re-measurement Foreign currency Consolidated reserve reserve Total $ $ $ Unaudited Unaudited Unaudited Balance on December 31, 2023 (90,686 ) (2,054,227 ) (2,144,913 ) Foreign currency translation 3,098 (173,688 ) (170,590 ) Re-measurement of defined benefits plans - - - Balance on June 30, 2024 (87,588 ) (2,227,915 ) (2,315,503 ) |
Equity - Dividends
Equity - Dividends | 6 Months Ended |
Jun. 30, 2024 | |
Equity - Dividends [Abstract] | |
Equity - dividends | Note 9. Equity - dividends There were no dividends paid, recommended or declared during the current or previous financial half-year. |
Events After the Reporting Peri
Events After the Reporting Period | 6 Months Ended |
Jun. 30, 2024 | |
Events After the Reporting Period [Abstract] | |
Events after the reporting period | Note 10. Events after the reporting period No matter or circumstance has arisen since June 30, 2024, that has significantly affected, or may significantly affect the company’s operations, the results of those operations, or the company’s state of affairs in future financial years. |
Earnings Per Share
Earnings Per Share | 6 Months Ended |
Jun. 30, 2024 | |
Earnings Per Share [Abstract] | |
Earnings per share | Note 11. Earnings per share June 30, June 30, $ $ Unaudited Unaudited Loss after income tax attributable to the owners of Mobilicom Limited (1,653,875 ) (1,451,217 ) Number Number Weighted average number of ordinary shares used in calculating basic earnings/(losses) per share 1,555,961,075 1,329,652,095 Weighted average number of ordinary shares used in calculating diluted earnings/(losses) per share 1,555,961,075 1,329,652,095 Cents Cents Basic earnings/(losses) per share (0.11 ) (0.11 ) Diluted earnings/(losses) per share (0.11 ) (0.11 ) The rights to options held by option holders have not been included in the weighted average number of ordinary shares for the purposes of calculating diluted EPS as they do not meet the requirements for inclusion under IASB 133 “Earnings per Share”. The rights to options are non-dilutive as the consolidated entity is loss generating. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 6 Months Ended |
Jun. 30, 2024 | |
Accounting Policies [Abstract] | |
New Accounting Standards and Interpretations not yet mandatory or early adopted | New Accounting Standards and Interpretations not yet mandatory or early adopted In April 2024, the IASB issued IFRS 18, “Presentation and Disclosure in Financial statements”, a comprehensive new accounting standard which replaces existing IAS 1, “Presentation of Financial Statements”, carrying forward many of the requirements in IAS 1 unchanged and complementing them with new requirements. New requirements of IFRS 18 include mandates to: - present specified categories and defined subtotals in the statement of profit or loss and other comprehensive loss; - provide disclosures on management-defined performance measures (MPMs) in the notes to the consolidated financial statements; and - improve aggregation and disaggregation of information in the consolidated financial statements. This standard is effective for annual reporting periods beginning on or after January 1, 2027. Earlier application is permitted but will need to be disclosed. The Company is currently assessing the impact of adopting IFRS 18 on the consolidated financial statements. Other than the above IFRS 18, International Financial Reporting Standards and Interpretations that have recently been issued or amended but are not yet mandatory, have not been early adopted by the consolidated entity for the half-year ended June 30, 2024. |
Liquidity | Liquidity These unaudited interim condensed consolidated financial statements have been prepared on the assumption that the Company will continue as a going concern, meaning it will continue in operation for the foreseeable future and will be able to realize assets and discharge liabilities in the ordinary course of operations. As of June 30, 2024, the Company has not achieved positive cash flow from operations and incurred a net loss of $1,653,875 for the period ended June 30, 2024, and generated $24,034,919 of accumulated losses since inception. The Company estimates that it has adequate financial resources for the foreseeable future based on its current cash and trade receivable balances and its ongoing operations. Until the Company can generate significant recurring revenues, profit and cash flow provided by operating activity it expects to satisfy future cash needs through debt or equity financing as well as governmental grants. In the event that the Company requires additional financing, it may not be able to raise such financing on terms acceptable to it or at all. |
Material Accounting Policy In_2
Material Accounting Policy Information (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Material Accounting Policy Information [Abstract] | |
Schedule of Consolidated Net Loss and Other Comprehensive Income (Loss) Utilizing USD as the Functional Currency of the Company | The following table summarizes the impact on both consolidated net loss and other comprehensive income (loss) utilizing USD as the functional currency of the Company as of June 30, 2024, compared to the related impact if the functional currency of the Company would have remained AUD (excluding foreign exchange from transactions denominated in AUD recorded in the respective period) USD AUD (*) (Unaudited Pro Financial income, net - attributed to foreign translation gain 136,518 694,958 Other comprehensive loss - attributed to foreign currency translation adjustments (170,590 ) (476,413 ) (*) |
Revenue (Tables)
Revenue (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Revenue [Abstract] | |
Schedule of Revenue | June 30, 2024 June 30, 2023 $ $ Unaudited Unaudited Sales of goods 1,804,765 543,431 |
Schedule of Income by Geography | Income by geography For the period ended June 30, For the period ended June 30, % of total income % of total income Israel 65 % 64 % U.S. & Canada 30 % 4 % Rest of the world 5 % 32 % |
Lease Liabilities (Tables)
Lease Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Lease Liabilities [Abstract] | |
Schedule of Lease Liabilities | June 30, December 31, $ $ Unaudited Current 207,847 223,700 Non-current 115,521 229,078 Lease liability 323,368 452,778 |
Current Liabilities - Warrant_2
Current Liabilities - Warrants Financial Liability (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Current Liabilities - Warrants Financial Liability [Abstract] | |
Schedule of Current Liabilities - Warrants Financial Liability | June 30, 2024 December 31, $ $ Unaudited Warrants at fair value 1,555,632 1,075,808 |
Schedule of Assumptions were Based on Observable Market Conditions | The following assumptions were based on observable market conditions that existed at December 31, 2023 and of June 30, 2024: Assumption At December 31, 2023 At June 30, 2024 Value methodology Level 1 Level 1 Level 1 Level 1 Exercise price $ 5.0 $ 5.16 $ 5.0 $ 5.16 Share price $ 0.367 $ 0.367 $ 0.130 $ 0.130 Fair value per warrant $ 0.367 $ 0.367 $ 0.130 $ 0.130 At issue date At June 30, 2024 Assumption Value methodology Level 2 Level 2 Level 2 Level 2 Historical volatility 86 % 86 % 86 % 86 % Exercise price $ 0.000 $ 1.550 $ 0.000 $ 1.550 Share price $ 1.270 $ 1.270 $ 0.965 $ 0.965 Risk-free interest rate 4.3 % 4.3 % 4.3 % 4.3 % Dividend yield 0 % 0 % 0 % 0 % Fair value per warrant $ 1.270 $ 0.574 $ 0.965 $ 0.406 |
Schedule of Summary of Changes in Warrants Issued | A summary of changes in August 2022 Warrants and January 2024 Warrants issued by the Company during the year ended June 30, 2024, is as follows: Fair value measurements using input type Level 1 Level 2 Level 3 Balance as of December 31, 2023 $ 1,075,808 $ - - Warrants issued during the period 2,945,971 Transfer upon exercise of warrants (1,173,776 ) Fair value gain recognized in unaudited interim condensed consolidated statement of profit or loss and other comprehensive income (694,732 ) (597,639 ) - Warrant liability as of June 30, 2024 $ 381,076 $ 1,174,556 - |
Equity - Issued Capital (Tables
Equity - Issued Capital (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Equity - Issued Capital [Abstract] | |
Schedule of Equity Issued Capital | Consolidated June 30, December 31, June 30, December 31, Shares Shares $ $ Unaudited Unaudited Ordinary shares - fully paid 1,746,493,068 1,326,676,693 32,878,307 31,035,121 |
Schedule of Movements in Spare Share Capital | Movements in spare share capital Details Date Shares Issue price $ Balance December 31, 2023 1,326,676,693 31,035,121 Issue of registered direct offering shares (net of warrant fair value)(*) January 30, 2024 133,889,525 $ 0.017 2,252,968 Exercise of pre-funded warrants(**) 285,926,850 $ 0.000 52 Capital raising costs - (436,203 ) Expiry of options - 26,369 Balance June 30, 2024 1,746,493,068 32,878,307 (*) (**) |
Equity - Reserves (Tables)
Equity - Reserves (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Equity - Reserves [Abstract] | |
Schedule of Equity Reserves | Equity - reserves June 30, 2024 December 31, $ $ Unaudited Foreign currency reserve (2,227,915 ) (2,054,227 ) Re-measurements reserve (87,588 ) (90,686 ) (2,315,503 ) (2,144,913 ) |
Schedule of Movements in Class of Reserve | Movements in each class of reserve during the current financial half-year are set out below: Re-measurement Foreign currency Consolidated reserve reserve Total $ $ $ Unaudited Unaudited Unaudited Balance on December 31, 2023 (90,686 ) (2,054,227 ) (2,144,913 ) Foreign currency translation 3,098 (173,688 ) (170,590 ) Re-measurement of defined benefits plans - - - Balance on June 30, 2024 (87,588 ) (2,227,915 ) (2,315,503 ) |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Earnings Per Share [Abstract] | |
Schedule of Loss after Income Tax | June 30, June 30, $ $ Unaudited Unaudited Loss after income tax attributable to the owners of Mobilicom Limited (1,653,875 ) (1,451,217 ) Number Number Weighted average number of ordinary shares used in calculating basic earnings/(losses) per share 1,555,961,075 1,329,652,095 Weighted average number of ordinary shares used in calculating diluted earnings/(losses) per share 1,555,961,075 1,329,652,095 Cents Cents Basic earnings/(losses) per share (0.11 ) (0.11 ) Diluted earnings/(losses) per share (0.11 ) (0.11 ) |
Material Accounting Policy In_3
Material Accounting Policy Information (Details) | 6 Months Ended | ||||||
Jun. 30, 2024 USD ($) | Jun. 30, 2024 USD ($) | Jun. 30, 2024 USD ($) USD | Jun. 30, 2024 USD ($) AUD | Jun. 30, 2023 USD ($) | Dec. 31, 2023 USD ($) | [1] | |
Material Accounting Policy Information [Abstract] | |||||||
Percentage of denominated transactions | 90% | ||||||
Exchange rate | 1 | 1.518 | |||||
Net loss | $ (1,653,875) | $ (1,451,217) | |||||
Accumulated losses | $ (24,034,919) | $ (24,034,919) | $ (24,034,919) | $ (24,034,919) | $ (22,381,044) | ||
[1]Restated throughout for presentation in US Dollars. See note 1 for further details. |
Material Accounting Policy In_4
Material Accounting Policy Information (Details) - Schedule of Consolidated Net Loss and Other Comprehensive Income (Loss) Utilizing USD as the Functional Currency of the Company - 6 months ended Jun. 30, 2024 | USD ($) | AUD ($) | [1] |
Schedule of Consolidated Net Loss and Other Comprehensive Income (Loss) Utilizing USD as the Functional Currency of the Company [Abstract] | |||
Financial income, net - attributed to foreign translation gain | $ 136,518 | $ 694,958 | |
Other comprehensive loss - attributed to foreign currency translation adjustments | $ (170,590) | $ (476,413) | |
[1]The conversion from AUD into USD was made at the exchange rate as of June 30, 2024, on which USD 1.00 equalled AUD 1.518. |
Operating Segments (Details)
Operating Segments (Details) | 6 Months Ended |
Jun. 30, 2024 | |
Operating Segments [Abstract] | |
Number of operating segment | 1 |
Revenue (Details) - Schedule of
Revenue (Details) - Schedule of Revenue - USD ($) | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Revenue [Abstract] | ||
Sales of goods | $ 1,804,765 | $ 543,431 |
Revenue (Details) - Schedule _2
Revenue (Details) - Schedule of Income by Geography | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Israel [Member] | ||
Schedule of Income by Geography [Line Items] | ||
Income by Geographic | 65% | 64% |
U.S. & Canada [Member] | ||
Schedule of Income by Geography [Line Items] | ||
Income by Geographic | 30% | 4% |
Rest of the World [Member] | ||
Schedule of Income by Geography [Line Items] | ||
Income by Geographic | 5% | 32% |
Lease Liabilities (Details) - S
Lease Liabilities (Details) - Schedule of Lease Liabilities - USD ($) | Jun. 30, 2024 | Dec. 31, 2023 | |
Lease Liabilities [Abstract] | |||
Current | $ 207,847 | $ 223,700 | [1] |
Non-current | 115,521 | 229,078 | |
Lease liability | $ 323,368 | $ 452,778 | |
[1]Restated throughout for presentation in US Dollars. See note 1 for further details. |
Current Liabilities - Warrant_3
Current Liabilities - Warrants Financial Liability (Details) - USD ($) | 6 Months Ended | |||
Apr. 30, 2024 | Jan. 30, 2024 | Aug. 25, 2022 | Jun. 30, 2024 | |
Current Liabilities - Warrants Financial Liability [Line Items] | ||||
Issuance shares | 486,871 | 275 | ||
Total consideration amount (in Dollars) | $ 2,949,857 | |||
Par value (in Dollars per share) | ||||
Pre- funded warrants exercised | 519,656 | |||
Warrant term | 5 years | |||
Warrant expiration term | Jan. 30, 2029 | Aug. 24, 2027 | ||
Warrants granted | 161,017 | |||
Warrants exercise price per share (in Dollars per share) | $ 5.16 | |||
Adjustments for fair value gains losses (in Dollars) | $ 694,732 | |||
Offering price per share (in Dollars per share) | $ 1.55 | |||
Pre-funded warrants | 1,416,354 | |||
Offering price (in Dollars) | $ 1.5499 | |||
Issuance of shares | 520,078 | |||
Aggregate purchase warrants | 1,903,225 | |||
Exercise Price (in Dollars per share) | $ 1.55 | |||
American Depository Shares [Member] | ||||
Current Liabilities - Warrants Financial Liability [Line Items] | ||||
Issuance shares | 486,871 | 3,220,338 | ||
Pre-funded warrants | 1,416,354 | |||
Total consideration amount (in Dollars) | $ 52 | $ 13,299,996 | ||
Warrants exercise shares | 95,161 | |||
Offering price per share (in Dollars per share) | $ 1.55 | |||
Exercisable remaining per warrant (in Dollars per share) | $ 0.0001 | |||
American Depository Shares [Member] | ||||
Current Liabilities - Warrants Financial Liability [Line Items] | ||||
Pre- funded warrants exercised | 520,078 | 1 | ||
Warrants [member] | ||||
Current Liabilities - Warrants Financial Liability [Line Items] | ||||
Warrant term | 5 years | |||
Warrants exercise shares | 1 | |||
Adjustments for fair value gains losses (in Dollars) | $ 597,639 | |||
American Depository Shares [Member] | ||||
Current Liabilities - Warrants Financial Liability [Line Items] | ||||
Pre-funded warrants | 3,220,338 | |||
Pre-Funded Warrant Shares [Member] | ||||
Current Liabilities - Warrants Financial Liability [Line Items] | ||||
Exercise price (in Dollars per share) | $ 5 | |||
Warrant term | 5 years | |||
Issuance of shares | 520,078 | |||
Pre-Funded Warrant Shares [Member] | American Depository Shares [Member] | ||||
Current Liabilities - Warrants Financial Liability [Line Items] | ||||
Number of right to purchase shares | 1 | |||
Pre-Funded Warrant Shares [Member] | American Depository Shares [Member] | ||||
Current Liabilities - Warrants Financial Liability [Line Items] | ||||
Pre- funded warrants exercised | 1 | |||
Placement Agent Warrants [Member] | ||||
Current Liabilities - Warrants Financial Liability [Line Items] | ||||
Warrant term | 5 years | |||
Warrant expiration term | Jan. 30, 2029 | |||
Warrants exercise shares | 1 | |||
Placement Agent Warrants [Member] | American Depository Shares [Member] | ||||
Current Liabilities - Warrants Financial Liability [Line Items] | ||||
Exercise Price (in Dollars per share) | $ 1.55 |
Current Liabilities - Warrant_4
Current Liabilities - Warrants Financial Liability (Details) - Schedule of Current Liabilities - Warrants Financial Liability - USD ($) | Jun. 30, 2024 | Dec. 31, 2023 | |
Schedule of Current Liabilities - Warrants Financial Liability [Abstract] | |||
Warrants at fair value | $ 1,555,632 | $ 1,075,808 | [1] |
[1]Restated throughout for presentation in US Dollars. See note 1 for further details. |
Current Liabilities - Warrant_5
Current Liabilities - Warrants Financial Liability (Details) - Schedule of Assumptions were Based on Observable Market Conditions - $ / shares | 6 Months Ended | 12 Months Ended |
Jun. 30, 2024 | Dec. 31, 2023 | |
Level 1 [Member] | Bottom of range [member] | ||
Schedule of Assumptions were Based on Observable Market Conditions [Line Items] | ||
Exercise price | $ 5 | $ 5 |
Share price | 0.13 | 0.367 |
Fair value per warrant | 0.13 | 0.367 |
Level 1 [Member] | Top of range [member] | ||
Schedule of Assumptions were Based on Observable Market Conditions [Line Items] | ||
Exercise price | 5.16 | 5.16 |
Share price | 0.13 | 0.367 |
Fair value per warrant | 0.13 | 0.367 |
Level 2 [Member] | Bottom of range [member] | ||
Schedule of Assumptions were Based on Observable Market Conditions [Line Items] | ||
Exercise price | 0 | 0 |
Share price | $ 0.965 | $ 1.27 |
Risk-free interest rate | 4.30% | 4.30% |
Dividend yield | 0% | 0% |
Fair value per warrant | $ 0.965 | $ 1.27 |
Historical volatility | 86% | 86% |
Level 2 [Member] | Top of range [member] | ||
Schedule of Assumptions were Based on Observable Market Conditions [Line Items] | ||
Exercise price | $ 1.55 | $ 1.55 |
Share price | $ 0.965 | $ 1.27 |
Risk-free interest rate | 4.30% | 4.30% |
Dividend yield | 0% | 0% |
Fair value per warrant | $ 0.406 | $ 0.574 |
Historical volatility | 86% | 86% |
Current Liabilities - Warrant_6
Current Liabilities - Warrants Financial Liability (Details) - Schedule of Summary of Changes in Warrants Issued - USD ($) | 12 Months Ended | ||
Dec. 03, 2024 | Dec. 02, 2024 | Dec. 01, 2024 | |
Level 1 [Member] | |||
Schedule of Summary of Changes in Warrants Issued [Line Items] | |||
Balance as of December 31, 2023 | $ 1,075,808 | ||
Fair value gain recognized in unaudited interim condensed consolidated statement of profit or loss and other comprehensive income | (694,732) | ||
Warrant liability as of June 30, 2024 | $ 381,076 | ||
Level 2 [Member] | |||
Schedule of Summary of Changes in Warrants Issued [Line Items] | |||
Balance as of December 31, 2023 | |||
Pre-funded warrants issued during the period | 2,945,971 | ||
Transfer upon exercise of pre-funded warrants | (1,173,776) | ||
Fair value gain recognized in unaudited interim condensed consolidated statement of profit or loss and other comprehensive income | (597,639) | ||
Warrant liability as of June 30, 2024 | $ 1,174,556 | ||
Level 3 [Member] | |||
Schedule of Summary of Changes in Warrants Issued [Line Items] | |||
Balance as of December 31, 2023 | |||
Fair value gain recognized in unaudited interim condensed consolidated statement of profit or loss and other comprehensive income | |||
Warrant liability as of June 30, 2024 |
Equity - Issued Capital (Detail
Equity - Issued Capital (Details) - USD ($) | Apr. 30, 2024 | Jan. 30, 2024 | Aug. 25, 2022 |
Equity - Issued Capital [Line Items] | |||
Issuance shares | 486,871 | 275 | |
Offering price per share (in Dollars per share) | $ 1.55 | ||
Offering price (in Dollars) | $ 1.5499 | ||
Total consideration amount (in Dollars) | $ 2,949,857 | ||
ADS [Member] | |||
Equity - Issued Capital [Line Items] | |||
Issuance shares | 486,871 | 3,220,338 | |
Offering price per share (in Dollars per share) | $ 1.55 | ||
Pre-funded warrants | 1,416,354 | ||
Total consideration amount (in Dollars) | $ 52 | $ 13,299,996 | |
Exercisable remaining per warrant (in Dollars per share) | $ 0.0001 | ||
Shares exercised | 520,078 | ||
Shares exercised cashless basis | 519,656 | ||
Pre Funded Warrants [Member] | |||
Equity - Issued Capital [Line Items] | |||
Shares exercised | 520,078 | ||
Shares exercised cashless basis | 520,078 | ||
Share Capital [Member] | ADS [Member] | |||
Equity - Issued Capital [Line Items] | |||
Total consideration amount (in Dollars) | $ 52 | $ 2,949,857 |
Equity - Issued Capital (Deta_2
Equity - Issued Capital (Details) - Schedule of Equity Issued Capital - USD ($) | Jun. 30, 2024 | Dec. 31, 2023 | |
Schedule of Equity Issued Capital [Abstract] | |||
Ordinary shares | 1,746,493,068 | 1,326,676,693 | |
Ordinary shares - fully paid | $ 32,878,307 | $ 31,035,121 | [1] |
[1]Restated throughout for presentation in US Dollars. See note 1 for further details. |
Equity - Issued Capital (Deta_3
Equity - Issued Capital (Details) - Schedule of Movements in Spare Share Capital | 6 Months Ended | |
Jun. 30, 2024 USD ($) $ / shares shares | ||
Schedule of Movements in Spare Share Capital [Abstract] | ||
Beginning Balance, Date | Dec. 31, 2023 | |
Beginning Balance, Shares | shares | 1,326,676,693 | |
Beginning Balance, Amount | $ | $ 31,035,121 | |
Issue of registered direct offering shares (net of warrant fair value), Date | Jan. 30, 2024 | [1] |
Issue of registered direct offering shares (net of warrant fair value), Shares | shares | 133,889,525 | [1] |
Issue of registered direct offering shares (net of warrant fair value), Issue price | $ / shares | $ 0.017 | [1] |
Issue of registered direct offering shares (net of warrant fair value), Amount | $ | $ 2,252,968 | [1] |
Exercise of pre-funded warrants, Date | shares | 285,926,850 | [2] |
Exercise of pre-funded warrants, Issue price | $ / shares | $ 0 | [2] |
Exercise of pre-funded warrants, Amount | $ | $ 52 | [2] |
Capital raising costs, Shares | shares | ||
Capital raising costs, Amount | $ | $ (436,203) | |
Expiry of options, Shares | shares | ||
Expiry of options, Amount | $ | $ 26,369 | |
Ending Balance, Date | Jun. 30, 2024 | |
Ending Balance, Shares | shares | 1,746,493,068 | |
Ending Balance, Amount | $ | $ 32,878,307 | |
[1]On January 30, 2024, the Company completed a registered direct offering via the issuance of 486,871 ADSs at an offering price of $1.55 per ADS and 1,416,354 pre-funded warrants at an offering price of $1.5499 for a total consideration of $2,949,857. One pre-funded warrant is exercisable into one ADS upon payment of the remaining $0.0001 per warrant, or under a cashless exercise mechanism.[2]During April 2024, 520,078 pre-funded warrants were exercised into 520,078 ADS for a total of $52, and 520,078 pre-funded warrants we exercised into 519,656 ADS on a cashless exercise basis. |
Equity - Reserves (Details) - S
Equity - Reserves (Details) - Schedule of Equity Reserves - USD ($) | Jun. 30, 2024 | Dec. 31, 2023 |
Schedule of Equity Reserves [Line Items] | ||
Equity - reserves | $ (2,315,503) | $ (2,144,913) |
Foreign Currency Reserve [Member] | ||
Schedule of Equity Reserves [Line Items] | ||
Equity - reserves | (2,227,915) | (2,054,227) |
Re-measurements Reserve [Member] | ||
Schedule of Equity Reserves [Line Items] | ||
Equity - reserves | $ (87,588) | $ (90,686) |
Equity - Reserves (Details) -_2
Equity - Reserves (Details) - Schedule of Movements in Class of Reserve | 6 Months Ended |
Jun. 30, 2024 USD ($) | |
Schedule of Movements in Class of Reserve [Line Items] | |
Beginning balance | $ (2,144,913) |
Foreign currency translation | (170,590) |
Re-measurement of defined benefit plans | |
Ending balance | (2,315,503) |
Re-measurement reserve [Member] | |
Schedule of Movements in Class of Reserve [Line Items] | |
Beginning balance | (90,686) |
Foreign currency translation | 3,098 |
Re-measurement of defined benefit plans | |
Ending balance | (87,588) |
Foreign currency reserve [Member] | |
Schedule of Movements in Class of Reserve [Line Items] | |
Beginning balance | (2,054,227) |
Foreign currency translation | (173,688) |
Re-measurement of defined benefit plans | |
Ending balance | $ (2,227,915) |
Earnings Per Share (Details) -
Earnings Per Share (Details) - Schedule of Loss after Income Tax - USD ($) | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | ||
Schedule of Loss after Income Tax [Abstract] | |||
Loss after income tax attributable to the owners of Mobilicom Limited | $ (1,653,875) | $ (1,451,217) | |
Weighted average number of ordinary shares used in calculating basic earnings/(losses) per share | 1,555,961,075 | 1,329,652,095 | |
Weighted average number of ordinary shares used in calculating diluted earnings/(losses) per share | 1,555,961,075 | 1,329,652,095 | |
Basic earnings/(losses) per share | $ (0.0011) | $ (0.0011) | [1] |
Diluted earnings/(losses) per share | $ (0.0011) | $ (0.0011) | [1] |
[1]Restated throughout for presentation in US Dollars. See note 1 to the unaudited interim condensed consolidated financial statements for further details. |