v3.25.1
Borrowings (Tables)
 6 Months Ended 12 Months Ended
Dec. 31, 2024
Jun. 30, 2024
Schedule Of Outstanding Convertible Note    
Schedule of Borrowings

The following table summarizes outstanding borrowings as of 31 December 2024 and 30 June 2024:

 

   Current   Non-Current   Total   Current   Non-Current   Total 
  

Unaudited

31 December 2024

   30 June 2024 
   AUD$   AUD$ 
   Current   Non-Current   Total   Current   Non-Current   Total 
         
Equipment Finance secured bank loan   978,574    2,542,652    3,521,226    978,574    2,900,259    3,878,833 
Trade finance facility   1,971,103    -    1,971,103    -    -    - 
Interest only secured bank loan   -    2,125,363    2,125,363    -    2,151,651    2,151,651 
Total secured bank loan   2,949,677    4,668,015    7,617,692    978,574    5,051,910    6,030,484 
Convertible note, net of debt discount   1,454,163    -    1,454,163    1,181,953    -    1,181,953 
Total   4,403,840    4,668,015    9,071,855    2,160,527    5,051,910    7,212,437 

The following table summarizes outstanding borrowings as of June 30, 2024 and 2023:

 

 

   Current   Non-Current   Total   Current   Non-Current   Total 
   2024   2023 
   AUD$   AUD$ 
   Current   Non-Current   Total   Current   Non-Current   Total 
         
Secured bank loans (1)  $978,574   $5,051,910   $6,030,484   $396,881   $2,078,570   $2,475,451 
                               
Convertible note, net of debt discount  $1,181,953   $-   $1,181,953   $-   $-   $- 
Total  $2,160,527   $5,051,910   $7,212,437   $396,881   $2,078,570   $2,475,451 

 

(1)Includes $3,878,833 outstanding on the equipment finance secured bank loan and $2,151,651 outstanding on the interest only secured bank loan as of June 30, 2024. There was no balance outstanding on the working capital secured bank loan as of June 30, 2024 and 2023.
Schedule of Outstanding Convertible Note

The following table summarizes the outstanding Convertible Note as of 31 December 2024 and 30 June 2024:

 

   31 December
2024		   30 June 2024 
   AUD$   AUD$ 
Principal value of Convertible Note   1,874,574    1,874,574 
Debt discount, net of amortization   (420,411)   (692,621)
Convertible Note   1,454,163    1,181,953 

The following table summarizes the outstanding Convertible Note as of June 30, 2024 and 2023:

   June 30,
2024		   June 30,
2023		 
   AUD$   AUD$ 
Principal value of Convertible Note  $1,874,574   $- 
Debt discount(1), net of amortization   (692,621)   - 
Convertible Note  $1,181,953   $- 

 

  (1)The debt discount includes the following and is being amortized over 18 months:
Schedule of Debt Discount  
   AUD$ 
10% OID  $340,832 
Fair value of Ordinary share Warrants   117,193 
Fair value of Penny Warrants   218,107 
Equity component   140,495 
Total debt discount  $816,627 
Less: amortization   (124,006)
Debt discount at June 30, 2024  $692,621 
Schedule of Future Payments of Finance Secured Bank Loan

The future payments of the equipment finance secured bank loan as of 31 December 2024 were as follows:

 

Calendar year  AUD$ 
2025   978,573 
2026   978,573 
2027   978,573 
2028   978,573 
2029   244,643 
Total payments outstanding   4,158,935 
Less: accrued interest   (637,710)
Total equipment finance secured loan outstanding   3,521,225 

The future payments of the equipment finance secured bank loan as of June 30, 2024 were as follows:

Calendar year  AUD$ 
Remainder of 2024  $489,287 
2025   978,573 
2026   978,573 
2027   978,573 
2028   978,573 
2029   244,643 
Total payments outstanding   4,648,222 
Less: accrued interest   (769,389)
Total equipment finance secured loan outstanding   3,878,833