Where is IBX headed, page-2

Extract from Annual Report:

Material Uncertainty Related to Going Concern
We draw attention to Note 1 in the financial report, which indicates that the Consolidated Entity incurred a net
loss of $9,807,208 and reported net operating cash outflows of $8,074,214 during the year ended 31 December
2022. As stated in Note 1, these events or conditions, along with other matters as set forth in Note 1, indicate
that a material uncertainty exists that may cast significant doubt on the Consolidated Entity’s ability to continue
as a going concern. Our opinion is not modified in respect of this matter.