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Fair value measurement | 12 Months Ended
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Jun. 30, 2024
Notes and other explanatory information [abstract] |
Fair value measurement | Note 8. Fair value measurement Fair value hierarchy The following tables detail the consolidated entity’s assets and liabilities, measured or disclosed at fair value, using a three level hierarchy, based on the lowest level of input that is significant to the entire fair value measurement, being:
| ● | Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date.
| ● | Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
| ● | Level 3: Unobservable inputs for the asset or liability. Considerable judgement is required to determine what is significant to fair value and therefore which category the asset or liability is placed in can be subjective.
Schedule of Fair Value Assets and Liabilities
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Consolidated- June 30, 2024 |  | $ |  |  | $ |  |  | $ |  |  | $ |
Assets |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total assets |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Liabilities – refer Note 21 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total liabilities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Consolidated – June 30, 2023 |  | $ |  |  | $ |  |  | $ |  |  | $ |
Assets |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total assets |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Liabilities – refer Note 21 |  |  | - |  |  |  | - |  |  |  | 18,694,729 |  |  |  | 18,694,729 |
Total liabilities |  |  | - |  |  |  | - |  |  |  | 18,694,729 |  |  |  | 18,694,729 |
There were no transfers between levels during the financial periods. The carrying amounts of trade and other receivables and trade and other payables are assumed to approximate their fair values due to their short-term nature. The fair value of financial liabilities is estimated by discounting the remaining contractual maturities at the current market interest rate that is available for similar financial liabilities. Valuation techniques for fair value measurements categorised within level 3 The fair value of the Financial Liabilities for the host liability and the derivative liability has been determined using a combination of Monte Carlo Simulation (MCS) and Black-Scholes model (BSM). The Group used valuations specialists to perform these valuations. Level 3 liabilities Movements in level 3 liabilities during the current and previous financial years are set out below: Schedule of Fair Value Measurement of Derivative Liability
|  | Derivative liability |  |  | Total |
Consolidated |  | $ |  |  | $ |
Balance at 1 July 2022 |  |  | 878,653 |  |  |  | 878,653 |
Fair value of derivative liability recognised for convertible notes issued during the year |  |  | 10,945,347 |  |  |  | 10,945,347 |
Fair value movement recognised in profit or loss |  |  | 6,870,729 |  |  |  | 6,870,729 |
Balance at 30 June 2023 |  |  | 18,694,729 |  |  |  | 18,694,729 |
Fair value of derivative liability recognised for convertible notes issued during the year |  |  | 280,198 |  |  |  | 280,198 |
Fair value movement recognised in profit or loss |  |  | (3,400,685 | ) |  |  | (3,400,685 | )
Fair value of derivative liability for convertible notes which converted or matured during the year |  |  | (15,574,242 | ) |  |  | (15,574,242 | )
Balance at 30 June 2024 |  |  | - |  |  |  | - |
Note 8. Fair value measurement - continued The level 3 liabilities unobservable inputs at issue date of each of the convertible notes series are as follow: Schedule of Unobservable Inputs Level 3 Liabilities
Series A |  |  |
Implied valuation |  | $ | 28,000,000 |
Volatility |  |  | 74 | %
Risk free rate |  |  | 0.0 | %
Probability of conversion |  |  | 50 | %
Series A - July 21 |  |  |
Implied valuation |  | $ | 28,000,000 |
Volatility |  |  | 74 | %
Risk free rate |  |  | 0.1 | %
Probability of conversion |  |  | 50 | %
Series A – August 21 |  |  |
Implied valuation |  | $ | 28,000,000 |
Volatility |  |  | 62 | %
Risk free rate |  |  | 0.0 | %
Probability of conversion |  |  | 50 | %
Series B1 |  |  |
Implied valuation |  | $ | 120,000,000 |
Volatility |  |  | 74 | %
Risk free rate |  |  | 0.6 | %
Probability of conversion |  |  | 50 | %
Series B2 |  |  |
Implied valuation |  | $ | 70,000,000 |
Volatility |  |  | 66 | %
Risk free rate |  |  | 3 | %
Probability of conversion |  |  | 50 | %
Note 8. Fair value measurement - continued
Series A Extension |  |  |
Implied valuation |  | $ | 28,000,000 |
Volatility |  |  | 65 | %
Risk free rate |  |  | 3.5 | %
Probability of conversion |  |  | 0 | %
Reach |  |  |
Implied valuation |  | $ | 40,000,000 |
Volatility |  |  | 60 | %
Risk free rate |  |  | 3.6 | %
Probability of conversion |  |  | 100 | %
Private Placement |  |  |
Implied valuation |  | $ | 53,685,000 |
Volatility |  |  | 60 | %
Risk free rate |  |  | 3.5 | %
Probability of conversion |  |  | 100 | %
Mixed Martial Arts LLC |  |  |
Implied valuation |  | $ | 384,750 |
Volatility |  |  | 49 | %
Risk free rate |  |  | 4.3 | %
Probability of conversion |  |  | 100 | %
Steppen |  |  |
Implied valuation |  | $ | 100,000 |
Volatility |  |  | 47 |
Risk free rate |  |  | 4.2 | %
Probability of conversion |  |  | 100 | %

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