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Revenue (Tables)
 12 Months Ended
Jun. 30, 2024
Revenue  
Schedule of revenue

 Schedule of revenue

                
  

2024

($)

  

2023

($)

  

2022

($)

 
Program fees               
                
Revenue from program fees   929,319    937,415    2,050,044 
Contractual payments to gyms   (537,012)   (574,025)   (1,215,191)
Net Revenue from program fees   392,307    363,390    834,853 
                
Other Income               
                
Research and Development tax incentive*   -    1,149,525    - 
Finale, franchise fee and other fees   167,021    22,600    100,378 
Merchandise sales   2,984    1,296    5,572 
Total other income   170,005    1,173,421    105,950 
                
Total Revenue   562,312    1,536,811    940,803 

 

*The Company will continue to apply for the Research and Development incentive as long as it continues to be eligible and will conduct eligible research and development activities. The applicable legislation that governs the eligibility to participate in the R&D incentive program is Division 355 of the Income Tax Assessment Act 1997 (ITAA 1997). The FY 2024 Research and Development incentive will be applied for on lodging of the FY 2024 tax return with the Australian Tax Office and recognised once reasonable assurance that the Company will comply with the conditions and that the grants will be received.
Schedule of disaggregation of revenue

The disaggregation of revenue from contracts with customers is disclosed below. The Company only has one major product line, being the provision of Gym Programs. All revenues are generated by the Australian Parent Entity:

 Schedule of disaggregation of revenue

                
Revenue from program fees   929,319    937,415    2,050,044 
Contractual payments to gyms   (537,012)   (574,025)   (1,215,191)
Net Revenue from program fees   392,307    363,390    834,853