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Financial Risk Management (Tables)
12 Months Ended
Jun. 30, 2023
Financial Risk Management [Abstract]  
Schedule of Trade and Other Receivables The following table sets forth details of the age of trade and other receivables:
As at  June 30,
2023
   June 30,
2022
 
To due become        
Up to 3 months  $450,728   $
-
 
Schedule of Contractual Maturity Date The table below analyzes the Company’s financial liabilities into relevant maturity groupings based on the remaining period at the balance sheet to the contractual maturity date.
   Maturity date         
   Within 1
year or on
demand
   Between 1
and 2 years
   Between 2
and 5 years
   More than
5 years
   Without any
established
term
   Total 
June 30, 2023                        
Trade Payables   7,479,614    
-
    
-
    
      -
    
             -
    7,479,614 
Other liabilities   1,776,438    180,197    
-
    
-
         1,956,635 
Financial debts   2,578,100    72,831    108,638    
-
    
-
    2,759,569 
Subtotal  $11,834,152   $253,028   $108,638   $
-
   $
-
   $12,195,818 
                               
Warrant   887,689    
-
    
-
    
-
    
-
    887,689 
Subtotal  $887,689   $
-
   $
-
   $
-
   $
-
   $887,689 
Total  $12,721,841   $253,028   $108,638   $
-
   $
-
   $13,083,507 
                               
June 30, 2022                              
Trade Payables   1,226,213    
-
    
-
    
-
    
-
    1,226,213 
Other liabilities   1,171    
-
    
-
    
-
    
-
    1,171 
Simply Agreement for Future Equity (“SAFE”)   2,860,000    
-
    
-
    
-
    
-
    2,860,000 
Subtotal  $4,087,384   $
-
   $
-
   $
-
   $
-
   $4,087,384 
Total  $4,087,384   $
-
   $
-
   $
-
   $    $4,087,384
Schedule of Foreign Currency Exchange Risk The carrying amounts of the Group’s foreign currency denominated monetary assets and monetary liabilities at the reporting date are as follows:
   Assets   Liabilities 
Currency  2023   2022   2023   2022 
Argentine pesos   765,690    
-
    50,073    
-
 
U.S. Dollar   368,186    
-
    2,227,751    
-
 
Pound sterling   22,062    8,025    
-
    
-
 
   (+10%) Impact to profit or loss before tax   (-10%) Impact to profit or loss before tax 
   Assets   Liabilities 
Currency  2023   2022   2023   2022 
Argentine pesos   76,569    
-
    (5,007)   
-
 
U.S. Dollar   36,819    
-
    (222,775)   
-
 
Pound sterling   2,206    803    
-
    
-
 

 

Schedule of Fair Value and Carrying Value of Financial Instruments Fair value and carrying value of financial instruments:
Recurring measurements  Note  As of
June 30,
2023
   As of
June 30,
2022
 
Financial Assets           
Amortized costs           
Cash and cash equivalents  (i)   2,064,079    1,081,808 
Trade and other receivables  (i)   10,454,301    2,061 
              
Fair value through profit or loss             
Cash and cash equivalents  (ii)   463,594    
-
 
Short-term investments  (ii)   306,034    
-
 
Total financial assets     $13,288,008   $1,083,869 
              
Financial Liabilities                
Amortized costs                
Trade and other payables   (i)     9,340,571       1,227,384  
Financial debt   (i)     2,645,289      
-
 
Fair value through profit or loss                    
Simply Agreement for Future Equity (“SAFE”)        
-
      2,860,000  
Warrant liabilities   (ii)     887,689      
-
 
Total financial liabilities       $ 12,873,549     $ 4,087,384  
Net financial asset /(liability)       $ 414,459     $ (3,003,515 )
(i)Cash, short-term investments, trade and other receivables, prepayments, trade and other payables, and loans payable are recorded at carrying value, which approximates fair value due to their short-term nature and generally negligible credit losses.
(ii)Fair value of short-term investment and warrants has been determined using the quoted market price at the year end (level 1).

 

Schedule of Fixed-Rate Instruments The Group has not entered into derivative contracts to hedge this exposure.
Fixed-rate instruments  As of
June 30,
2023
   As of
June 30,
2022
   As of
June 30,
2021
 
Current financial liabilities   (2,546,243)   
-
    
-
 
Non-current financial liabilities   (99,046)   
-
    
-