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v3.25.3

Borrowings | 12 Months Ended
--- | ---
Jun. 30, 2025
Notes and other explanatory information [abstract] |
Borrowings | 11 Borrowings (a) Secured bank loan The Company obtained an AUD$14 million bank facility to fund the expansion of the Cootamundra facility. The Company has deployed the AUD$14 million bank facility as follows: (i) AUD$4 million was allocated for equipment finance, (ii) AUD$8 million for working capital to purchase canola seed with maximum trade advance tenor of 120 days with BBSY plus 1.5% margin rate per annum, and (iii) AUD$2 million for interest only loan over three years with interest rate of variable base rate minus a margin of 3.48% per annum for business growth and working capital related to the crushing plant’s expansion. On February 14, 2024, the Company drawdown on an equipment loan with the Commonwealth Bank of Australia for an aggregate principal amount of AUD$4,000,000 (the “Secured Bank Loan”). The loan has a term of 60 months and a variable interest rate of 7.73%. The Secured Bank loan is payable in twenty (20) quarterly payments of AUD$244,643, which commenced on May 19, 2024. Commonwealth Bank of Australia, as senior lender, has a total of $2 million secured by first mortgages over the Company’s freehold land and buildings. The financial assets pledged as collateral represent a floating charge and cannot be disposed of without the consent of the financier. The following table summarizes outstanding borrowings as of 30 June 2025, 2024, and 2023: Schedule of Borrowings
|  | Current |  |  | Non-Current |  |  | Total |  |  | Current |  |  | Non-Current |  |  | Total |  |  | Current |  |  | Non-Current |  |  | Total |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | AUD$ |  |  | AUD$ |  |  | AUD$ |
|  | Current |  |  | Non-Current |  |  | Total |  |  | Current |  |  | Non-Current |  |  | Total |  |  | Current |  |  | Non-Current |  |  | Total |
Equipment Finance secured bank loan |  |  | 3,163,362 |  |  |  | - |  |  |  | 3,163,362 |  |  |  | 978,574 |  |  |  | 2,900,259 |  |  |  | 3,878,833 |  |  |  | - |  |  |  | - |  |  |  | - |
Interest only secured bank loan |  |  | 2,000,000 |  |  |  | - |  |  |  | 2,000,000 |  |  |  | - |  |  |  | 2,000,000 |  |  |  | 2,000,000 |  |  |  | 396,881 |  |  |  | 2,078,570 |  |  |  | 2,475,451 |
Other loans |  |  | 89,344 |  |  |  | - |  |  |  | 89,344 |  |  |  | - |  |  |  | 151,651 |  |  |  | 151,651 |  |  |  | - |  |  |  | - |  |  |  | - |
Trade finance facility |  |  | 1,219,431 |  |  |  |  |  |  |  | 1,219,431 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total secured bank loan |  |  | 6,472,137 |  |  |  | - |  |  |  | 6,472,137 |  |  |  | 978,574 |  |  |  | 5,051,910 |  |  |  | 6,030,484 |  |  |  | 396,881 |  |  |  | 2,078,570 |  |  |  | 2,475,451 |
Unused trade finance facility |  |  | - |  |  |  | - |  |  |  | 6,780,934 |  |  |  | - |  |  |  | - |  |  |  | 8,000,000 |  |  |  | - |  |  |  | - |  |  |  | 8,000,000 |
The future payments of the equipment finance secured bank loan as of June 30, 2025 were as follows: Schedule of Future Payments of Finance Secured Bank Loan
Calendar year |  | AUD$ |
Remainder of 2025 |  |  | 487,225 |
2026 |  |  | 974,450 |
2027 |  |  | 974,450 |
2028 |  |  | 974,450 |
2029 |  |  | 263,560 |
Total payments outstanding |  |  | 3,674,135 |
Less: accrued interest |  |  | (510,773 | )
Total equipment finance secured loan outstanding |  |  | 3,163,362 |
(b) Convertible Note- Current Liabilities In connection with the closing of the Business Combination on 31 March 2024, the Company closed the private placement, pursuant to the private offering rules under the Securities Act of 1933, as amended (the “Securities Act”), of the Arena Warrants and Debentures pursuant to the Securities Purchase Agreement dated August 23, 2023 between the Company, AOI, EDOC, certain AOI subsidiaries and Arena Investors, LP (the “PIPE Investors”) and executed the Arena Transaction Documents including the 10% Original Issue Discount Secured Convertible Debenture, the Arena Warrant, the Registration Rights Agreement and related documents. On February 29, 2024, the Company entered into Amendment No.3 to the Securities Purchase Agreement for the purchase and sale of Debentures and Warrants. The following table summarizes the outstanding Convertible Note as of June 30, 2025, 2024, and 2023: Schedule of Outstanding Convertible Note
|  | June 30, 2025 |  |  | June 30, 2024 |  |  | June 30, 2023 |
|  | AUD$ |  |  | AUD$ |  |  | AUD$ |
Principal value of Convertible Note |  |  | 1,590,100 |  |  |  | 1,874,574 |  |  |  | - |
Debt discount(1), net of amortization |  |  | (420,410 | ) |  |  | (692,621 | ) |  |  | - |
Convertible Note |  | $ | 1,169,690 |  |  | $ | 1,181,953 |  |  |  | - |
| (1) | The debt discount includes the following and is amortized over 18 months:
Schedule of Debt Discount
|  | June 30, 2025 |  |  | June 30, 2024 |
|  | AUD$ |  |  | AUD$ |
10% OID |  |  | 340,832 |  |  |  | 340,832 |
Fair value of Ordinary share Warrants |  |  | 117,193 |  |  |  | 117,193 |
Fair value of Penny Warrants |  |  | 218,107 |  |  |  | 218,107 |
Equity component |  |  | 140,495 |  |  |  | 140,495 |
Total debt discount |  |  | 816,627 |  |  |  | 816,627 |
Less: amortization |  |  | (396,217 | ) |  |  | (124,006 | )
Debt discount at year end |  | $ | 420,410 |  |  | $ | 692,621 |

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