| CASH AND CASH EQUIVALENTS |
CASH AND CASH EQUIVALENTS | | | | | | | | | | | | | | | | | | | | | | | 2026 | | 2025 | | 2024 | | | US$ | | US$ | | US$ | | | | | | | | | Cash at bank and on hand | | 35,244,220 | | | 54,814,125 | | | 33,157,356 | | | | | | | | | | Reconciliation of loss before income tax to net cash flows from operations | | | | | | Loss for the year | | (66,767,762) | | | (35,348,675) | | | (21,843,646) | | | Adjustment for non-cash income and expense items | | | | | | | | Share-based payments expense | | 9,166,334 | | | 9,568,191 | | | 3,791,541 | | | Non-cash expenses settled with share issuance | | 5,230,000 | | | - | | | - | | | | | | | | | | Amortization of right-of-use assets | | 771,147 | | | 793,981 | | | 521,099 | | | Amortization of intangibles | | 1,300,546 | | | 768,128 | | | - | | | Depreciation of property, plant and equipment | | 2,278,003 | | | 716,147 | | | 124,752 | | | Net foreign exchange (gain)/loss | | 3,153,479 | | | (1,347,413) | | | 48,588 | | | | | | | | | | Loss on disposal of property, plant and equipment | | 50,572 | | | 260,569 | | | 16,353 | | | Impairment loss | | - | | | - | | | 198,750 | | | | | | | | | | Changes in assets and liabilities | | | | | | | | Inventory | | (1,149,702) | | | - | | | - | | | Receivables and prepayments | | (282,576) | | | 1,121,984 | | | (2,073,615) | | | Payables and provisions | | 1,295,297 | | | 1,669,403 | | | 609,115 | | | Net cash outflow from operating activities | | (44,954,662) | | | (21,797,685) | | | (18,607,063) | |
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