Please explain the funding aspect, not only do they have profit coming in from existing sales their net cash flow is 15 M
What are you seeing that im not?
statement of cash flows
For the half-year 31 December 2023
Consolidated entity
31 December
2023
$
31 December
2022
$
Cash flows from operating activities
Receipts from customers 2,227,615 583,772
Payments to suppliers and employees (6,332,678) (4,554,102)
Australian R&D tax incentive refund 395,002 251,986
Grants received from government and non-government sources 1,706,225 2,726,327
Net cash outflow from operating activities (2,003,836) (992,017)
Cash flows from investing activities
Payments for property, plant and equipment - (7,067)
Payment for acquisition of associate - (2,650,574)
Interest received 153,508 54,072
Net cash inflow/(outflow) from investing activities 153,508 (2,603,569)
Cash flows from financing activities
Principal elements of lease payments (19,163) (16,994)
Interest and other costs of finance paid (4,007) (4,501)
Net cash outflow from financing activities (23,170) (21,495)
Net (decrease) in cash and cash equivalents (1,873,498) (3,617,081)
Cash and cash equivalents at the beginning of the financial year 17,159,764 22,110,278
Effects of exchange rate changes on cash and cash equivalents (72,804) (18,072)
Cash and cash equivalents at end of the half-year 15,213,462 18,475,125
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