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Financial Risk Management (Tables)
12 Months Ended
Jun. 30, 2023
Statement [LineItems]  
Summary of Exposure to Foreign Currency Risk
The Group’s exposure to foreign currency risk at the end of the reporting period, expressed in Australian dollar, was as follows:
 
 
  
 
 
 
June 30, 2023
 
 
June 30, 2022
 
 
  
DKK
 
 
USD
 
 
EUR
 
 
USD
 
 
EUR
 
Cash in bank
     —        2,992,306       27,753,499       11,897,759       42,964,345  
Trade and other receivables
     —        125,024       4,265,992       15,568       4,094,262  
Trade and other payables
     (179,329     (1,484,954     (4,271,655     (1,068,539     (1,717,675
Summary of Credit Quality of Cash and Cash Equivalents and Receivables
    
June 30, 2023
    
June 30, 2022
 
    
$
    
$
 
Cash at bank and short-term bank deposits excluding restricted cash
                 
Minimum rating of A
     123,417,716        79,995,129  
Summary of Contractual Undiscounted Cash Flows
The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within 12 months equal their carrying balances as the impact of discounting is not significant.
 
Contractual maturities of financial liabilities
  
Less than
12 months
    
Between 1
and 5 years
    
More than
5 years
    
Total
contractual
cash flows
    
Carrying
Amount
(assets) /
liabilities
 
At June 30, 2023
  
$
    
$
    
$
    
$
    
$
 
Non-Derivatives
                                            
Trade and other payables
     9,024,600        —         —         9,024,600        9,024,600  
Convertible note liability (refer note 16)
     —         1,117,255        —         1,117,255        835,446  
Lease liability
     194,688        212,952        —         407,640        392,822  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
 
 
 
 
9,219,288
 
  
 
1,330,207
 
  
 
— 
 
  
 
10,549,495
 
  
 
10,252,868
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
 
 
Contractual maturities of financial liabilities    Less than
12 months
     Between 1
and 5 years
     More than
5 years
     Total
contractual
cash flows
    
Carrying
Amount
(assets) /
liabilities
 
At June 30, 2022    $      $      $      $      $  
Non-Derivatives
  
  
  
  
  
Trade and other payables
     5,752,188        —         —         5,752,188        5,752,188  
Convertible note liability (refer note 16)
     —         2,234,510        —         2,234,510        1,452,950  
Lease liability
     178,510        108,706        —         287,216        280,869  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
 
  
 
5,930,698
 
  
 
2,343,216
 
  
 
— 
 
  
 
8,273,914
 
  
 
7,486,007
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Summary of Financial Assets and Financial Liabilities Measured and Recognized at Fair Value
The following table presents the Group’s financial assets and financial liabilities measured and recognized at fair value at June 30, 2023 and June 30, 2022 on a recurring basis:
 
At June 30, 2023
  
Level 1

$
    
Level 2

$
    
Level 3

$
    
Total

$
 
Liabilities
                                   
Convertible note liability
     —         —         835,446        835,446  
Warrant liability
     —         —         —         —   
    
 
 
    
 
 
    
 
 
    
 
 
 
Total liabilities
  
 
— 
 
  
 
    — 
 
  
 
  835,446
 
  
 
  835,446
 
    
 
 
    
 
 
    
 
 
    
 
 
 
 
At June 30, 2022
  
Level 1
$
    
Level 2

$
    
Level 3

$
    
Total

$
 
Liabilities
                                   
Convertible note liability
     —         —         1,452,950        1,452,950  
Warrant liability
     —         131,896        —         131,896  
    
 
 
    
 
 
    
 
 
    
 
 
 
Total liabilities
  
 
— 
 
  
 
131,896
 
  
 
1,452,950
 
  
 
1,584,846
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Summary Of Information About Quantitative Information Of Significant Inputs In Fair Value Measurements
The following table summarizes the quantitative information about the significant inputs used in level 3 fair value measurements:
 
Description
  
Fair Value at

June 30, 2023

$
    
Unobservable inputs
  
Range of inputs
Convertible note
     835,446      Face Value    859,427
              Interest Rate of Note    3%
              Risk adjusted Interest rate    15%