v3.25.2
Consolidated Condensed Statements of Cash Flows (Unaudited) - AUD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (10,448,624) $ (7,232,875)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 325,410 475,707
Stock-based compensation expense 15,773 84,494
Non-cash lease (benefit)/expense 124,133 (7,376)
Cash lease payments (311,827) (304,222)
Unrealized foreign exchange gains/(losses) 113,200 (32,229)
Change in assets and liabilities:    
Inventories 2,309,055 (1,075,250)
Accounts receivable 233,892 730,843
Prepayments and other assets 1,591,938 3,272,858
Employee entitlements 11,728 193,748
Accounts payable and accrued expenses 188,534 (1,243,824)
Other liabilities 0 (36,131)
Net cash used in operating activities (5,846,788) (5,174,257)
Cash flows from investing activities:    
Purchases of property, plant and equipment (39,118) (111,687)
Net cash used in investing activities (39,118) (111,687)
Cash flows from financing activities:    
Repayment of borrowings (491,713) (607,388)
Proceeds from issuance of common stock, net of issuance costs 0 12,409,067
Other 0 (4,452)
Net cash provided by/(used in) financing activities (491,713) 11,797,227
Net decrease in cash, cash equivalents and restricted cash (6,377,619) 6,511,283
Cash, cash equivalents and restricted cash at beginning of period 8,899,105 10,595,429
Effect of exchange rate fluctuations on the balances of cash held in foreign currencies 32,004 (75,728)
Cash, cash equivalents and restricted cash at end of period $ 2,553,490 $ 17,030,984