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Consolidated Statement of Cash Flows
12 Months Ended
Dec. 31, 2022
AUD ($)
Dec. 31, 2022
USD ($)
[1]
Dec. 31, 2021
AUD ($)
Dec. 31, 2020
AUD ($)
Cash flows from operating activities        
Receipts from customers (inclusive of VAT) $ 2,670,178 $ 1,813,980 $ 3,977,275 $ 3,149,498
Interest received 168,843 114,703 1,580 10,539
Interest paid (22,004) (14,948) (31,916) (42,327)
Payments to suppliers and employees (inclusive of VAT) (8,209,263) (5,576,945) (6,540,662) (6,301,673)
Government grants received and tax incentives 923,942 627,678 787,544 1,063,792
Net cash used in operating activities (4,468,304) (3,035,532) (1,806,179) (2,120,171)
Cash flows from investing activities        
Payments for property, plant and equipment (26,628) (18,090) (30,534)
Net cash used in investing activities (26,628) (18,090) (30,534)  
Cash flows from financing activities        
Proceeds from issue of shares 22,450,965 15,252,014 3,840,000
Share issue transaction costs (2,615,470) (1,776,814) (220,659)
Repayment of lease liabilities (360,321) (244,783) (250,983) (125,435)
Net cash provided by/ (used in) financing activities 19,475,174 13,230,417 3,368,358 (125,435)
Net Increase (decreased) in cash and cash equivalents and restricted cash 14,980,242 10,176,795 1,531,645 (2,245,606)
Cash and cash equivalents and restricted cash at the beginning of the financial year 3,996,300 2,714,877 2,464,655 4,710,261
Cash and cash equivalents and restricted cash at the end of the financial year $ 18,976,542 $ 12,891,672 $ 3,996,300 $ 2,464,655
[1] US Dollar numbers presented solely for convenience of the reader