| Schedule of income tax provision |
|
| Schedule of deferred tax assets |
| Schedule of deferred tax assets |
|
|
|
|
|
|
|
|
| |
|
December
31, |
| |
|
2025 |
|
2024 |
| Deferred
tax assets: |
|
|
|
|
|
|
|
|
| Employee
leave provisions |
|
$ |
25,733 |
|
|
$ |
15,772 |
|
| Accrued
expenses |
|
|
42,713 |
|
|
|
78,077 |
|
| Inventory
obsolescence |
|
|
82,563 |
|
|
|
12,498 |
|
| Superannuation |
|
|
4,603 |
|
|
|
4,222 |
|
| Depreciation |
|
|
13,844 |
|
|
|
10,820 |
|
| Contract-related
temporary differences |
|
|
21,904 |
|
|
|
13,564 |
|
| Amortization-related
temporary differences |
|
|
102,417 |
|
|
|
65,543 |
|
| Share-based
compensation |
|
|
211,999 |
|
|
|
18,416 |
|
| Capitalized
offering costs |
|
|
21,185 |
|
|
|
13,721 |
|
| Intangible
assets |
|
|
125,884 |
|
|
|
116,931 |
|
| Tax
loss carryforwards |
|
|
1,639,837 |
|
|
|
694,420 |
|
| Other |
|
|
— |
|
|
|
— |
|
| Gross
deferred tax assets |
|
|
2,292,682 |
|
|
|
1,043,984 |
|
| |
|
|
|
|
|
|
|
|
| Deferred
tax liabilities: |
|
|
|
|
|
|
|
|
| Foreign
exchange |
|
|
(42,065 |
) |
|
|
(36,804 |
) |
| Prepayments |
|
|
(8,902 |
) |
|
|
(49,604 |
) |
| Leases |
|
|
(4,199 |
) |
|
|
(9,168 |
) |
| Software |
|
|
(2,862 |
) |
|
|
(2,684 |
) |
| Other |
|
|
— |
|
|
|
(54,867 |
) |
| Gross
deferred tax liabilities |
|
|
(58,028 |
) |
|
|
(153,127 |
) |
| |
|
|
|
|
|
|
|
|
| Net
deferred tax asset before valuation allowance |
|
|
2,234,654 |
|
|
|
890,857 |
|
| |
|
|
|
|
|
|
|
|
| Valuation
allowance |
|
|
(2,234,654 |
) |
|
|
— |
|
| |
|
|
|
|
|
|
|
|
| Net
deferred tax asset |
|
$ |
— |
|
|
$ |
890,857 |
|
|
| Schedule of income tax expense (benefit) |
| Schedule of income tax expense (benefit) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Year Ended |
|
For the Year Ended |
| |
|
December 31, 2025 |
|
December 31, 2024 |
| Tax benefit at Australian statutory rate |
|
$ |
(1,490,370 |
) |
|
|
25.00 |
% |
|
$ |
(1,101,288 |
) |
|
|
25.00 |
% |
| Foreign tax rate differential |
|
|
21,103 |
|
|
|
-0.35 |
% |
|
|
38,950 |
|
|
|
-0.88 |
% |
| Share-based compensation |
|
|
361,937 |
|
|
|
-6.07 |
% |
|
|
439,304 |
|
|
|
-9.97 |
% |
| Valuation allowance and other changes in deferred tax assets |
|
|
2,032,789 |
|
|
|
-34.10 |
% |
|
|
138,250 |
|
|
|
-3.14 |
% |
| Income tax provision (benefit) |
|
$ |
925,459 |
|
|
|
-15.52 |
% |
|
$ |
(484,784 |
) |
|
|
11.01 |
% |
|