| 2024 | 2023 | |||||||
| Three Months Ended 30 September | ||||||||
| 2024 | 2023 | |||||||
| AUD$ | AUD$ | |||||||
| Professional fees | $ | 260,860 | $ | 536,322 | ||||
| Employee costs | 187,093 | 70,067 | ||||||
| Insurance | 155,382 | 45,565 | ||||||
| Other expenses | 51,508 | 63,930 | ||||||
| Subscriptions and dues | 507 | 62,560 | ||||||
| Management fee | 78,000 | 78,000 | ||||||
| Travel expenses | 76,406 | 11,359 | ||||||
| Depreciation | 3,832 | 1,887 | ||||||
| Technology costs | 1,336 | 1,148 | ||||||
| Occupancy costs | 10,914 | 11,053 | ||||||
| Security | 2,228 | 2,097 | ||||||
| Utilities | 2,340 | 1,815 | ||||||
| Total general and administrative expenses | $ | 830,406 | $ | 885,803 | ||||
| Note | 30 September 2024 | 30 June 2024 | ||||||||||
| AUD$ | AUD$ | |||||||||||
| ASSETS | ||||||||||||
| CURRENT ASSETS | ||||||||||||
| Cash and cash equivalents | 2,127,738 | 514,140 | ||||||||||
| Trade and other receivables | 3 | 5,087,251 | 4,470,101 | |||||||||
| Inventories | 4 | 6,614,037 | 6,202,160 | |||||||||
| Other current assets | 6 | 541,284 | 201,830 | |||||||||
| TOTAL CURRENT ASSETS | 14,370,310 | 11,388,231 | ||||||||||
| NON-CURRENT ASSETS | ||||||||||||
| Property, plant and equipment | 5 | 15,537,051 | 14,617,513 | |||||||||
| Right-of-use asset | 11 | 920,406 | 944,420 | |||||||||
| Other assets | 6 | 4,513 | 429,841 | |||||||||
| Deferred tax assets | 34,270 | 34,270 | ||||||||||
| Intangible assets | 2,582,495 | 2,582,495 | ||||||||||
| TOTAL NON-CURRENT ASSETS | 19,078,735 | 18,608,539 | ||||||||||
| TOTAL ASSETS | 33,449,045 | 29,996,770 | ||||||||||
| LIABILITIES | ||||||||||||
| CURRENT LIABILITIES | ||||||||||||
| Trade and other payables | 7 | 12,899,081 | 10,455,684 | |||||||||
| Borrowings | 8 | 5,840,889 | 978,574 | |||||||||
| Lease liability, current | 11 | 89,109 | 89,109 | |||||||||
| Income Tax liabilities | - | 128,927 | ||||||||||
| Related party loans | 21 | 5,935,338 | 4,111,661 | |||||||||
| Convertible note, net of discount | 8 | 1,318,058 | 1,181,953 | |||||||||
| Warrant liabilities | 10,24 | 238,613 | 238,613 | |||||||||
| Promissory note – related party, current | 21 | 993,180 | 968,216 | |||||||||
| Employee benefits | 212,289 | 201,024 | ||||||||||
| TOTAL CURRENT LIABILITIES | 27,526,557 | 18,353,761 | ||||||||||
| NON-CURRENT LIABILITIES | ||||||||||||
| Borrowings | 8 | - | 5,051,910 | |||||||||
| Promissory note - related party, non-current | 21 | 273,676 | 273,676 | |||||||||
| Lease liability, non-current | 11 | 857,069 | 879,347 | |||||||||
| Related party loans | 21 | 4,530,507 | 4,530,507 | |||||||||
| TOTAL NON-CURRENT LIABILITIES | 5,661,252 | 10,735,440 | ||||||||||
| TOTAL LIABILITIES | 33,187,809 | 29,089,201 | ||||||||||
| NET ASSETS | 261,236 | 907,569 | ||||||||||
| EQUITY | ||||||||||||
| Share capital | 9 | 3,562 | 3,562 | |||||||||
| Share premium | 9 | 17,064,658 | 17,064,658 | |||||||||
| Accumulated losses | (18,563,884) | (17,950,222) | ||||||||||
| Total deficit attributable to equity holders of the Company | (1,495,664) | (882,002) | ||||||||||
| Non-controlling interest | 1,756,900 | 1,789,571 | ||||||||||
| TOTAL EQUITY | 261,236 | 907,569 | ||||||||||
| 2024 | 2023 | |||||||
| Three Months Ended 30 September | ||||||||
| 2024 | 2023 | |||||||
| AUD$ | AUD$ | |||||||
| Short-term employee benefits | $ | 131,154 | $ | 33,602 | ||||
| Post-employment benefits | 15,083 | 3,360 | ||||||
| Total | $ | 146,237 | 36,962 | |||||
| Note | 2024 | 2023 | ||||||||||
| AUD$ | AUD$ | |||||||||||
| As Restated | ||||||||||||
| ASSETS | ||||||||||||
| CURRENT ASSETS | ||||||||||||
| Cash and cash equivalents | 5 | 514,140 | 121,273 | |||||||||
| Trade and other receivables | 6 | 4,470,101 | 4,437,253 | |||||||||
| Inventories | 7 | 6,202,160 | 1,020,469 | |||||||||
| Prepayment of seed purchase | 10 | - | 3,672,697 | |||||||||
| Other current assets | 10 | 201,830 | 553,315 | |||||||||
| TOTAL CURRENT ASSETS | 11,388,231 | 9,805,007 | ||||||||||
| NON-CURRENT ASSETS | ||||||||||||
| Investments in associates | 22 | - | 89,977 | |||||||||
| Property, plant and equipment | 8 | 14,617,513 | 10,542,592 | |||||||||
| Right-of-use asset | 15 | 944,420 | 1,040,472 | |||||||||
| Other assets | 10 | 429,841 | - | |||||||||
| Deferred tax assets | 34,270 | - | ||||||||||
| Intangible assets | 9 | 2,582,495 | 2,582,495 | |||||||||
| TOTAL NON-CURRENT ASSETS | 18,608,539 | 14,255,536 | ||||||||||
| TOTAL ASSETS | 29,996,770 | 24,060,543 | ||||||||||
| LIABILITIES | ||||||||||||
| CURRENT LIABILITIES | ||||||||||||
| Trade and other payables | 11 | 10,455,684 | 6,712,768 | |||||||||
| Borrowings | 12 | 978,574 | 396,881 | |||||||||
| Lease liability, current | 15 | 89,109 | 82,386 | |||||||||
| Income Tax liabilities | 128,927 | - | ||||||||||
| Related party loans | 27 | 4,111,661 | 3,188,006 | |||||||||
| Convertible note, net of discount | 12 | 1,181,953 | - | |||||||||
| Warrant liabilities | 14,28 | 238,613 | - | |||||||||
| Promissory note – related party, current | 27 | 968,216 | - | |||||||||
| Employee benefits | 201,024 | 103,734 | ||||||||||
| TOTAL CURRENT LIABILITIES | 18,353,761 | 10,483,775 | ||||||||||
| NON-CURRENT LIABILITIES | ||||||||||||
| Borrowings | 12 | 5,051,910 | 2,078,570 | |||||||||
| Promissory note - related party, non-current | 27 | 273,676 | - | |||||||||
| Lease liability, non-current | 15 | 879,347 | 971,752 | |||||||||
| Related party loans | 27 | 4,530,507 | 2,873,929 | |||||||||
| TOTAL NON-CURRENT LIABILITIES | 10,735,440 | 5,924,251 | ||||||||||
| TOTAL LIABILITIES | 29,089,201 | 16,408,026 | ||||||||||
| NET ASSETS | 907,569 | 7,652,517 | ||||||||||
| EQUITY | ||||||||||||
| Share capital | 13 | 3,562 | 2,860 | |||||||||
| Share premium | 13 | 17,064,658 | 2,579,627 | |||||||||
| (Accumulated losses) Retained earnings | (17,950,222) | 3,712,333 | ||||||||||
| Total (deficit) equity attributable to equity holders of the Company | (882,002) | 6,294,820 | ||||||||||
| Non-controlling interest | 1,789,571 | 1,357,697 | ||||||||||
| TOTAL EQUITY | 907,569 | 7,652,517 | ||||||||||
| 2024 | 2023 | |||||||
| Year Ended June 30, | ||||||||
| 2024 | 2023 | |||||||
| Restated | ||||||||
| Professional fees | $ | 973,482 | $ | 1,094,500 | ||||
| Employee costs | 428,715 | 179,301 | ||||||
| Insurance | 492,676 | 152,911 | ||||||
| Other expenses | 546,879 | 265,908 | ||||||
| Management fee | 312,000 | 252,000 | ||||||
| Expected credit losses | 264,798 | 380,604 | ||||||
| Travel expenses | 112,291 | 39,290 | ||||||
| Depreciation | 17,473 | 24,444 | ||||||
| Technology costs | 17,187 | 42,784 | ||||||
| Occupancy costs | 43,990 | 12,298 | ||||||
| Security | 9,266 | 18,280 | ||||||
| Utilities | 6,086 | 5,112 | ||||||
| Total general and administrative expenses | $ | 3,224,843 | $ | 2,467,432 | ||||
