| Consolidated | ||||||||
| 30 June 2024 | 30 June 2023 | |||||||
| $ | $ | |||||||
| Product research and development expenses | 276,057 | 665,035 | ||||||
| Consolidated | |||||||||||
| Note | 30 June 2024 | 30 June 2023 | |||||||||
| $ | $ | ||||||||||
| Cash flows from operating activities | |||||||||||
| Receipt from Customers | 40,000 | 45,437 | |||||||||
| Research and development tax incentives | 263,057 | 224,536 | |||||||||
| Payments to suppliers and employees (inclusive of GST) | (1,372,801) | (1,878,079) | |||||||||
| Payments to Suppliers IPO (inclusive of GST) | - | (160,489) | |||||||||
| Interest and other finance costs paid | (727) | (1,840) | |||||||||
| Net cash used in operating activities | 37 | (1,070,471) | (1,770,435) | ||||||||
| Cash flows from investing activities | |||||||||||
| Payment towards procurement of fixed assets | (3,149) | (34,503) | |||||||||
| Payment towards acquisition of intangibles | (145,021) | (41,428) | |||||||||
| Net cash used in investing activities | (148,170) | (75,931) | |||||||||
| Cash flows from financing activities | |||||||||||
| Proceeds from convertible notes | 855,834 | 755,935 | |||||||||
| Proceeds from issue of shares | - | 1,431,162 | |||||||||
| Capital issue costs | - | (121,844) | |||||||||
| Repayment of lease liabilities | (11,895) | (34,706) | |||||||||
| Net cash from financing activities | 843,939 | 2,030,547 | |||||||||
| Net increase/(decrease) in cash and cash equivalents | (374,702) | 184,181 | |||||||||
| Cash and cash equivalents at the beginning of the financial year | 399,224 | 162,485 | |||||||||
| Effects of exchange rate changes on cash and cash equivalents | - | 52,558 | |||||||||
| Cash and cash equivalents at the end of the financial year | 15 | 24,522 | 399,224 | ||||||||
| Consolidated | ||||||||
| 30 June 2024 | 30 June 2023 | |||||||
| $ | $ | |||||||
| Current assets | ||||||||
| Accounts receivable – Convertible notes | - | 73,954 | ||||||
| GST | 31,441 | - | ||||||
| Other debtors – research and development tax refund receivable | 143,313 | 263,057 | ||||||
| Accounts receivable | 8,251 | 8,280 | ||||||
| 183,005 | 345,291 | |||||||
