they need to sell the tee tree plantation .otherwise bill fry...

they need to sell the tee tree plantation .otherwise bill fry will not get paid for the next year ....
they have a loan and paying 17% interest ....
Loan of $230,000 with a fixed capitalised loan fee of $23,000. Repayable from future receivables at a
repayment percentage of 17% of sales through the Shopify payment service until the facility is repaid. No
fixed date of repayment. Secured against the property of Meluka Honey Pty Ltd, a subsidiary of the Group
Going Concern
For the half-year ended 31 December 2023 the Company recorded a loss from continuing
operations of $863,890 and had net cash outflows from operating activities of $583,461. The
Company had a working capital deficiency of $383,859 and net assets classified as held for
sale of $2,558,596. Additionally, the Company has access to an undrawn financing facility of
$216,000.
Employee benefit expense 7 (485,918)
Wages 347,715
Director fees 134,279