Prospectus, page-10

Just reading some more in the prospectus.

Factoring Facility
On 1 October 2015,
iOT entered into a Trade Receivable
facility Agreement (or factoring facility) with
Minerva Capital Partners Pty Ltd. The Trade Receivable
facility Agreement is secured over
iOT’s accounts receivable and cash. The discount rate on accounts receivable under the Trade Receivable
facility Agreement is approximately 18% per annum.
if pre orders were not to be completed into actual
sales iOT would incur liability under the Trade Receivables
facility Agreement to an extent adversely
affecting its cash flow and its ability to comply with its obligations to make repayments under the
agreement.