| Entity/Shareholder | Relevant shareholding percentage of total issued and outstanding shares | Entity/Shareholder | Relevant unitholding percentage of total issued and outstanding units | |||||||
| Asiana Trading Corporation Limited | 0 | % | Asiana Trading Corporation Limited | 0 | % | |||||
| ACK Pty Ltd | 0 | % | ACK Pty Ltd | 0 | % | |||||
| Paramount Global Limited | 0 | % | Paramount Global Limited | 0 | % | |||||
| Givoni Investments Pty Ltd | 0 | % | Givoni Investments Pty Ltd | 0 | % | |||||
| Legats Pty Ltd | 0 | % | Legats Pty Ltd | 0 | % | |||||
| June 30, 2024 | June 30, 2023 | |||||||
| Audit Fees & Other Audit Service Fees – UHY Haines Norton | U.S.$ | 110,118 | U.S.$ | 136,053 | ||||
| Audit Fees & Other Audit Service Fees – M&K CPAS, PLLC | U.S.$ | 69,202 | U.S.$ | - | ||||
| Total fees | U.S.$ | 179,320 | U.S.$ | 136,053 | ||||
| Consolidated | ||||||||||||
| Note | 30 June 2024 | 30 June 2023 | ||||||||||
| $ | $ | |||||||||||
| Assets | ||||||||||||
| Current assets | ||||||||||||
| Cash and cash equivalents | 15 | 24,522 | 399,224 | |||||||||
| Trade and other receivables | 16 | 183,005 | 345,291 | |||||||||
| Inventories | 17 | - | 95,201 | |||||||||
| Prepayments and other assets | 19 | 95,700 | 151,258 | |||||||||
| Total current assets | 303,227 | 990,974 | ||||||||||
| Non-current assets | ||||||||||||
| Fixed assets | 16,642 | - | ||||||||||
| Right-of-use assets | 18 | - | 10,001 | |||||||||
| Intangible assets | 20 | 20,437,958 | 21,493,661 | |||||||||
| Total non-current assets | 20,454,600 | 21,503,662 | ||||||||||
| Total assets | 20,757,827 | 22,494,636 | ||||||||||
| Liabilities | ||||||||||||
| Current liabilities | ||||||||||||
| Trade and other payables | 21 | 1,558,186 | 1,184,404 | |||||||||
| Deferred revenue | 22 | 125,359 | 85,359 | |||||||||
| Borrowings | 23 | 2,084,152 | 5,086 | |||||||||
| Lease liabilities | 24 | - | 11,896 | |||||||||
| Employee benefits provisions | 25 | 98,368 | 77,780 | |||||||||
| Total current liabilities | 3,866,065 | 1,364,525 | ||||||||||
| Non-current liabilities | ||||||||||||
| Borrowings | 23 | 1,759,447 | 2,471,619 | |||||||||
| Employee benefits provisions | 25 | 20,018 | - | |||||||||
| Total non-current liabilities | 1,779,465 | 2,471,619 | ||||||||||
| Total liabilities | 5,645,530 | 3,836,144 | ||||||||||
| Net assets | 15,112,297 | 18,658,492 | ||||||||||
| Equity | ||||||||||||
| Issued capital | 26 | 26,608,227 | 26,608,227 | |||||||||
| Accumulated losses | (11,495,930) | (7,949,735) | ||||||||||
| Total equity | 15,112,297 | 18,658,492 | ||||||||||
| 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 | |||||||
| $ | $ | |||||||
| Legal fees | 50,704 | 75,204 | ||||||
| Consultant fees | 14,122 | 14,152 | ||||||
| Audit fees | 101,978 | 188,963 | ||||||
| 166,804 | 278,319 | |||||||
