Years Ended June 30,

2022

2021

2020

(a) Reconciliation of Net Loss to Net Cash Flows Used In Operations

Net loss

(12,847,061

)

(15,309,353

)

(13,456,800

)

Non-cash items

Depreciation of property and equipment

17,848

18,662

25,988

Depreciation on leased assets

36,366

56,707

86,439

Others

61

(145

)

-

Share-based payment expenses

1,506,122

1,884,763

(12,016

)

Foreign exchange (gain)/loss

(2,813,635

)

426,782

(262,977

)

-

Changes in assets and liabilities

(Increase)/Decrease in trade and other receivables

(447,684

)

(4,216,356

)

4,768,176

(Increase)/Decrease in other current assets

(516,176

)

(517,617

)

53,633

Increase/(Decrease) in trade and other payables

2,604,001

432,905

(648,570

)

(Decrease) in other current liabilities

-

(1,577

)

Increase/(Decrease) in provision for employee entitlements

122,884

(106,417

)

16,582

Net cash flows used in operating activities

(12,337,274

)

(17,330,069

)

(9,431,122

)

(b) Reconciliation of Cash and Cash Equivalents

Cash and cash equivalents balance comprises:

- cash and cash equivalents on hand

34,806,799

28,115,516

9,196,892

Closing cash and cash equivalents balance

34,806,799

28,115,516

9,196,892