v3.26.1
Lease Liabilities and Right-of-Use Assets
6 Months Ended
Dec. 31, 2025
Lease Liabilities and Right-of-Use Assets [Abstract]  
Lease liabilities and right-of-use assets

11. Lease liabilities and right-of-use assets

 

The Company’s leases include rental of a solar power system and plant space.

 

Lease liabilities are secured by the related leased assets.

 

Solar power system lease

 

The solar power system lease has a term commencing on October 31, 2015 through October 31, 2035.

 

Land lease

 

The Company leases land in Cootamundra, Australia, where the oilseed processing plant and ancillary buildings accommodating the equipment and facilities are located. The Cootamundra land lease has a term commencing on January 1, 2023 through March 31, 2026. Balances of the right-of use assets and lease liabilities are set forth on the accompanying statement of financial position.

 

The following table shows the remaining contractual maturities of the Company’s lease liabilities and the right-of-use assets as of December 31, 2025 and June 30, 2025:

 

Right-of-use assets   Unaudited December 31,
2025
   

Audited

June 30,
2025

 
At cost   $ 1,347,718     $ 1,347,718  
Less accumulated amortization     (499,354 )     (499,354 )
Total   $ 848,364     $ 848,364  

 

    Unaudited December 31,
2025
   

Audited

June 30,
2025

 
Lease liabilities            
Within 1 year (Current)   $ 89,109     $ 89,109  
After 1 year but within 2 years     80,750       80,750  
After 2 years but within 5 years     224,930       224,930  
After 5 years     407,555       407,555  
Non-current     713,235       713,235  
Total   $ 802,344     $ 802,344