Years Ended June 30,

2023

2022

2021

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

Net loss

(13,806,515

)

(12,847,061

)

(15,309,353

)

Non-cash items

Depreciation of property and equipment

37,854

17,848

18,662

Depreciation on leased assets

64,409

36,366

56,707

Others

-

61

(145

)

Share-based payment expenses

966,571

1,506,122

1,884,763

Foreign exchange (gain)/loss

(917,650

)

(2,813,635

)

426,782

Fixed Asset Write Off

10,232

-

Changes in assets and liabilities

(Increase)/Decrease in trade and other receivables

(3,940,343

)

(447,684

)

(4,216,356

)

(Increase)/Decrease in other current assets

(968,207

)

(516,176

)

(517,617

)

Increase/(Decrease) in trade and other payables

(1,560,873

)

2,604,001

432,905

(Decrease) in other current liabilities

-

Increase/(Decrease) in provision for employee entitlements

78,685

122,884

(106,417

)

Net cash flows used in operating activities

(20,035,837

)

(12,337,274

)

(17,330,069

)

(b) Reconciliation of Cash and Cash Equivalents

Cash and cash equivalents balance comprises:

- cash and cash equivalents on hand

15,773,783

34,806,799

28,115,516

Closing cash and cash equivalents balance

15,773,783

34,806,799

28,115,516