v3.25.2
Consolidated Condensed Balance Sheets (Current Period Unaudited)
Jun. 30, 2025
AUD ($)
Jun. 30, 2025
USD ($)
Dec. 31, 2024
AUD ($)
Current assets:      
Cash and cash equivalents $ 2,198,490   $ 8,544,105
Inventories 3,276,811   5,585,866
Accounts receivable 722,609   956,500
Prepayments 881,386   915,196
Restricted cash 35,000   35,000
Research and development tax incentive receivable 692,088   2,188,203
Other current assets 230,411   248,041
Total current assets 8,036,795   18,472,911
Non-current assets:      
Property, plant and equipment 32,693,880   32,690,674
Less accumulated depreciation (28,535,810)   (28,243,602)
Property, plant and equipment - net 4,158,070   4,447,072
Right-of-use asset - operating leases 2,297,898   2,468,019
Right-of-use asset - finance leases 35,053   39,726
Restricted cash 320,000   320,000
Other non-current assets 91,991   93,036
Total non-current assets 6,903,012   7,367,853
Total assets 14,939,807   25,840,764
Liabilities, Current [Abstract]      
Accounts payable 1,413,584   356,222
Accrued expenses 1,030,665   1,795,801
Contract liabilities 10,057   4,781
Lease liability - operating leases 608,620   900,402
Lease liability - finance leases 9,908   9,679
Employee entitlements liabilities 950,271   896,933
Short-term loan 207,880   697,284
Total current liabilities 4,230,985   4,661,102
Non-current liabilities:      
Asset retirement obligations 1,342,020   1,296,533
Employee entitlements liabilities 67,701   109,311
Lease liability - operating leases 2,188,239   2,365,667
Lease liability - finance leases 31,706   36,718
Total non-current liabilities 3,629,666   3,808,229
Total liabilities 7,860,651   8,469,331
Commitments and Contingencies    
Stockholders’ equity:      
Preferred stock, US$0.01 par value. Authorized 1,000,000 shares; issued & outstanding nil at June 30, 2025 (nil at December 31, 2024). Common stock, US$0.0001 par value. Authorized 750,000,000 shares; issued & outstanding 298,067,435 shares at June 30, 2025 (Authorized 300,000,000 shares; issued & outstanding 298,067,435 at December 31, 2024) 29,807   29,807
Additional paid-in capital 131,362,812   131,347,039
Accumulated deficit (113,660,090)   (99,407,192)
Current year loss (10,448,624)   (14,252,898)
Accumulated other comprehensive loss (204,749)   (345,323)
Total stockholders’ equity 7,079,156   17,371,433
Total liabilities and stockholders’ equity $ 14,939,807   $ 25,840,764