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Trade and other receivables
12 Months Ended
Jun. 30, 2024
Notes and other explanatory information [abstract]  
Trade and other receivables

Note 10. Trade and other receivables

 

  

2024

$

  

2023

$

 
Trade Receivables   657    351,905 
Accrued Income   29,443    - 
Research and Development Tax incentive receivable   -    63,776 
Other advances   43,618    1,952,560 
Less; allowance for credit losses   (2,603)   (2,603)
Total trade and other receivables   71,115    2,365,638 

 

The Company has applied the simplified approach to measuring expected credit losses, which use a lifetime expected loss allowance. The Company also recognizes a refund liability in line with our revenue recognition policy in Note 2.