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Fair value measurement (Tables)
 12 Months Ended
Jun. 30, 2024
Notes and other explanatory information [abstract]  
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 
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   -    - 
Schedule of Unobservable Inputs Level 3 Liabilities

The level 3 liabilities unobservable inputs at issue date of each of the convertible notes series are as follow:

 

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%