XML 41 R24.htm IDEA: XBRL DOCUMENT
v3.24.3

Related parties transactions | 12 Months Ended
--- | ---
Jun. 30, 2024
Notes and other explanatory information [abstract] |
Related parties transactions | Note 19. Related parties transactions (a) Directors The following persons held office as Directors of the Company during the years reported:
| ● | Nicholas Langton
| ● | Hugh Williams
| ● | Vaughn Taylor
| ● | Jonathan Hart
(b) Remuneration of Key Management Personnels Key management personnel remuneration: Schedule of Key Management Personnel Remuneration
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | $ |  |  | $ |  |  | $ |
Short term benefits |  |  | 1,031,194 |  |  |  | 657,879 |  |  |  | 671,709 |
Post employment benefits |  |  | 62,730 |  |  |  | 33,191 |  |  |  | 43,542 |
Long term benefits |  |  | 16,474 |  |  |  | 18,892 |  |  |  | - |
Share Based payments |  |  | 1,808,863 |  |  |  | 1,065,554 |  |  |  | 897,586 |
Total |  |  | 2,919,261 |  |  |  | 1,775,516 |  |  |  | 1,612,837 |
(c) Related Party Transactions Shares Held by Key Management Personnel: Schedule of Shares Held by Key Management Personnel
|  | Shares 2024 |  |  | Shares 2023 |  |  | Shares 2022 |
Opening Balance |  |  | 1,149,362 |  |  |  | 1,786,093 |  |  |  | 2,955,616 |
Issued |  |  | 296,535 |  |  |  | - |  |  |  | 477,000 |
Repurchased |  |  | - |  |  |  | - |  |  |  | (1,200,000 | )
Resignation of Key Management Personnel |  |  | - |  |  |  | (530,609 | ) |  |  | - |
Reverse Share Split |  |  | - |  |  |  | (106,122 | ) |  |  | (446,523 | )
Closing Balance |  |  | 1,445,897 |  |  |  | 1,149,362 |  |  |  | 1,786,093 |
Note 19. Related parties transactions - continued Options Held by Key Management Personnel:
|  | Options 2024 |  |  | Options 2023 |  |  | Option 2022 |
Opening Balance |  |  | 654,364 |  |  |  | 515,850 |  |  |  | - |
Issued |  |  | 342,000 |  |  |  | 279,221 |  |  |  | 644,813 |
Expired |  |  | - |  |  |  | (106,078 | ) |  |  | - |
Exercised |  |  | (205,086 | ) |  |  | - |  |  |  | - |
Reverse share split |  |  | - |  |  |  | (34,629 | ) |  |  | (128,963 | )
Closing Balance |  |  | 791,278 |  |  |  | 654,364 |  |  |  | 515,850 |
Related Party Transaction by Key Management Personnel For the fiscal year ending June 30, 2024, Mr. Langton, through Snowflower Holdings Pty Ltd as trustee for the Snowflower Family Trust Account, was issued 172,000 share rights (subject to vesting conditions) which may be converted into Ordinary Shares under the EIP. 50% of the share rights will vest and become exercisable on October 1, 2025 and the balance of the share rights will vest and become exercisable on October 1, 2026. For the fiscal year ending June 30, 2024, Mr. Williams, through Champ 7 Pty Ltd as trustee for the Williams Family Trust Account, was issued 14,400 share rights (subject to vesting conditions) which may be converted into Ordinary Shares under the EIP. 50% of the share rights will vest and become exercisable on October 1, 2025 and the balance of the share rights will vest and become exercisable on October 1, 2026. For the fiscal year ending June 30, 2024, Mr. Taylor, through Nalaroo Holdings Pty Ltd as trustee for the Lavoipierre Taylor Fam Trust Account, was issued 73,600 share rights (subject to vesting conditions) which may be converted into Ordinary Shares under the EIP. 50% of the share rights will vest and become exercisable on October 1, 2025 and the balance of the share rights will vest and become exercisable on October 1, 2026. For the fiscal year ending June 30, 2024, Mr. Hart, as trustee for the J Hart Family Trust Account, was issued 47,600 share rights (subject to vesting conditions) which may be converted into Ordinary Shares under the EIP. 50% of the share rights will vest and become exercisable on October 1, 2025 and the balance of the share rights will vest and become exercisable on October 1, 2026. Note 19. Related parties transactions - continued For the fiscal year ending June 30, 2024, under Mr. Java’s employment agreement, Mr. Java was paid a short-term incentive of A$98,589. Mr. Java, through 3213 Ventures Pty Ltd as trustee for the Java Holdings Trust, was issued 34,400 share rights (subject to vesting conditions) which may be converted into Ordinary Shares under the EIP. 50% of the share rights will vest and become exercisable on October 1, 2025 and the balance of the share rights will vest and become exercisable on October 1, 2026. Other related parties: Tanya Langton, our Head of Global Events and Logistics and the spouse of Mr. Langton, was issued 6,000 share rights (subject to vesting conditions) which may be converted into Ordinary Shares under the EIP. 50% of the share rights will vest and become exercisable on October 1, 2025 and the balance of the 50% of the share rights will vest and become exercisable on October 1, 2026. Other than as disclosed, the Company did not enter into any transactions or loans with any:
| (i) | enterprises that directly or indirectly, through one or more intermediaries, control, are controlled by or are under common control with us;
| (ii) | associates;
| (iii) | individuals owning, directly or indirectly, an interest in our voting power that gives them significant influence over us, and close members of any such individual’s family;
| (iv) | key management personnel and close members of such individuals’ families; or
| (v) | enterprises in which a substantial shareholder interest in our voting power is owned, directly or indirectly, by any person described in (iii) or (iv) or over which such person is able to exercise significant influence.
(d) Parent Entity The individual financial statements of the Parent Entity show the following aggregate amounts: Results of the parent entity Schedule of Financial Statement of the Parent Entity
|  | 2024 $ |  |  | 2023 $ |  |  | 2022 $ |
Loss for the period |  |  | (14,029,605 | ) |  |  | (20,053,426 | ) |  |  | (10,667,136 | )
Other comprehensive loss for the period |  |  | - |  |  |  | - |  |  |  | - |
Total comprehensive loss for the period |  |  | (14,029,605 | ) |  |  | (20,053,426 | ) |  |  | (10,667,136 | )
Financial position of the parent entity |  | 2024 $ |  |  | 2023 $ |
Assets |  |  |  |  |  |
Current assets |  |  | 5,309,505 |  |  |  | 7,307,155 |
Non-current assets |  |  | 1,687,347 |  |  |  | 1,120,872 |
Total Assets |  |  | 6,996,852 |  |  |  | 8,428,027 |
Liabilities |  |  |  |  |  |  |  |
Current liabilities |  |  | 2,577,040 |  |  |  | 28,018,760 |
Non-current liabilities |  |  | 186,344 |  |  |  | 10,346,332 |
Total Liabilities |  |  | 2,763,384 |  |  |  | 38,365,092 |
Net Assets/Liabilities |  |  | 4,233,468 |  |  |  | (29,937,065 | )
Equity |  |  |  |  |  |  |  |
Contributed equity |  |  | 46,779,703 |  |  |  | 3,385,281 |
Reserves |  |  | 8,476,103 |  |  |  | 3,912,367 |
Accumulated losses |  |  | (51,022,338 | ) |  |  | (37,234,713 | )
Total equity |  |  | 4,233,468 |  |  |  | (29,937,065 | )
There were no material contingent assets and liabilities in the Parent Entity at June 30, 2024 (nil – June 30, 2023). Note 19. Related parties transactions - continued (e) Subsidiaries The Company’s subsidiaries at June 30, 2024 are set out below. Unless otherwise stated, they have share capital consisting solely of Ordinary Shares that are held directly by the company, and the proportion of ownership interests held equals the voting rights held by the company. The country of incorporation or registration is also their principal place of business. Schedule of Country Incorporation Principal Place of Business
|  |  |  | June 30, 2024 |  |  | June 30, 2023 |
Name of entity |  | Place of business |  | Ownership interest held |
|  |  |  | June 30, 2024 |  |  | June 30, 2023 |
Wimp 2 Warrior LLC |  | United States of America |  |  | 100 | % |  |  | 100 | %
Wimp 2 Warrior Productions Pty Ltd * |  | Australia |  |  | 0 | % |  |  | 95 | %
Wimp 2 Warrior Digital Pty Ltd * |  | Australia |  |  | 0 | % |  |  | 100 | %
Wimp 2 Warrior (Ireland) Limited |  | Ireland |  |  | 100 | % |  |  | 100 | %
Hype.Co |  | United States of America |  |  | 100 | % |  |  | 0 | %
* | Entities deregistered in the period to June 30, 2024.

X
- Definition The entire disclosure for related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2024-01-01 -Section Disclosures -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=24&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IAS24_g13-24_TI -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfRelatedPartyExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_NotesAndOtherExplanatoryInformationAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration