Financial Report Notes Consolidated Group For the year ended 30 June 2024 $ For the year ended 30 June 2023 $ CASH FLOWS FROM OPERATING ACTIVITIES Receipts from product income 660,287 377,303 Payment to suppliers and employees (6,166,197) (8,303,064) Legal settlement – (1,000,000) Interest received 274,250 306,736 Interest paid (40,766) (59,524) Grant and other income – 206,465 Research and Development Tax Incentive 949,502 1,447,510 Net cash flows used in operating activities 7 (4,322,924) (7,024,574) CASH FLOWS FROM INVESTING ACTIVITIES Purchase of intangibles 10 (13,500) (18,082) Building improvements – – Purchase of property, plant, and equipment 9 (160,837) (274,185) Net cash (outflow)/inflow from investing activities (174,337) (292,267) CASH FLOWS FROM FINANCING ACTIVITIES Payment of lease liabilities (326,977) (267,978) Proceeds from issue of shares 15(a) 6,750,000 – Share issue costs (508,535) – Net cash inflow/(outflow) from financing activities 5,914,488 (267,978) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 1,417,227 (7,584,819) Cash and cash equivalents at the beginning of the financial period 7,812,511 15,394,847 Effects of exchange rate changes on balance of cash held in foreign currencies 3,454 2,483 Cash equivalents at the end of the financial period 7 9,233,192 7,812,511 The accompanying notes form part of these financial statements. Consolidated Statement of Cash Flows for the year ended 30 June 2024 35 Annual Report 2024
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