This comment from the auditor in the annual report should give everyone alot of comfort!!!!!!.....(not)
Material Uncertainty Related to Going ConcernWe draw attention to Note 1 in the financial report, which indicates that the Consolidated Entity incurred a loss of$10,018,805 and had net cash outflows from operating activities and investing activities of $5,359,491 and$1,438,276, respectively, for the year ended 30 June 2023. As at 30 June 2023, the Consolidated Entity had netcurrent liabilities of $10,411,286. As stated in Note 1, these events or conditions, along with other matters as setforth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on the ConsolidatedEntity's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
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- Ann: FY23 Annual Report
Ann: FY23 Annual Report, page-7
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