30 June
2024
A$

30 June
2023
A$

30 June
2022
A$

Net Loss for the Year

(6,936,957

)

(3,786,507

)

(2,854,254

)

Adjustments for

Depreciation expense

45,981

48,662

26,613

Lease modification

-

15,993

Distribution costs

-

35,000

Expected credit losses

(11,687

)

19,111

8,809

Finance costs

7,576

9,652

6,184

Finance income

(327,756

)

(116,323

)

(21,785

)

Share of loss from associates

1,456,019

Leave provision expense

44,863

27,235

45,470

Share-based payment expenses

3,299

226,954

94,890

Unrealized net foreign currency gains

(76,771

)

(422,881

)

(234,793

)

Change in operating assets and liabilities:

Add decrease in trade and other receivables

(958,466

)

226,365

(336,998

)

Add (increase) / decrease in inventories

(194,279

)

(776,100

)

275,605

Add (increase) / decrease in other operating assets

71,353

414,249

(494,143

)

Add (increase) / decrease in financial assets

557,676

848,006

Add (decrease) / increase in trade and other payables

890,102

31,876

285,616

Add (decrease) / increase in other operating liabilities

(451,092

)

654,506

-

(5,880,139

)

(2,595,195

)

(3,147,793

)