Years Ended June 30,

2025

2024

2023

(a) Reconciliation of Net Loss to Net Cash Flows Used In Operations

Net loss

(12,147,828

)

(19,123,464

)

(13,806,515

)

Non-cash items

Depreciation of property and equipment

28,307

35,344

37,854

Depreciation on leased assets

111,408

112,185

64,409

Others

450,056

-

Share-based payment expenses

979,920

881,950

966,571

Foreign exchange loss/(gain)

(259,433

)

(261,152

)

(917,650

)

Fixed asset write off

-

10,232

Changes in assets and liabilities

Decrease/(increase) in trade and other receivables

104,068

4,624,029

(3,940,343

)

Decrease/(increase) in other current assets (excepting term deposit)

1,081,363

252,986

(968,207

)

(Decrease)/increase in trade and other payables

(2,044,457

)

1,102,239

(1,560,873

)

(Decrease) in other current liabilities

(99,861

)

(11,935

)

-

Increase/(decrease) in provision for employee entitlements

345,209

(218,006

)

78,685

Net cash flows used in operating activities

(11,451,248

)

(12,605,824

)

(20,035,837

)

(b) Reconciliation of Cash and Cash Equivalents

Cash and cash equivalents balance comprises:

- cash and cash equivalents on hand

33,158,642

12,638,885

15,773,783

Closing cash and cash equivalents balance

33,158,642

12,638,885

15,773,783