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Consolidated Condensed Statements of Comprehensive Income/(Loss) (Unaudited) - AUD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue        
Total revenue $ 411,883 $ 1,413,157 $ 1,475,329 $ 5,390,514
Operating costs & expenses        
Total cost of goods sold & services 356,250 822,687 1,550,025 2,542,126
Contribution from products & services 55,633 590,470 (74,696) 2,848,388
Other operating costs & expenses        
Product support 4,653 12,574 12,316 41,956
Depreciation and amortization 547,995 182,284 1,685,551 605,513
Research and development 1,157,194 1,175,165 3,784,259 4,312,185
General and administrative 1,275,599 1,599,851 4,497,676 5,810,226
Total operating costs & expenses 2,985,441 2,969,874 9,979,802 10,769,880
Loss from operations (2,929,808) (2,379,404) (10,054,498) (7,921,492)
Other income/(expense)        
Interest income 39,584 223,054 260,990 695,208
Financing costs (38,700) 0 (116,100) 0
Research and development tax incentive income 493,297 437,516 1,679,558 1,764,463
Exchange gain/(loss) (89,978) 874,253 (13,630) 1,124,075
Other 424,233 38,016 1,619,206 30,994
Total other income 828,436 1,572,839 3,430,024 3,614,740
Net loss before tax (2,101,372) (806,565) (6,624,474) (4,306,752)
Income tax benefit/(expense) 0 0 0 0
Net loss $ (2,101,372) $ (806,565) $ (6,624,474) $ (4,306,752)
Earnings per share        
Basic net loss per share (in AUD per share) $ (0.01) $ 0 $ (0.04) $ (0.02)
Average weighted number of shares - basic (in shares) 177,571,854 177,546,854 177,571,854 177,455,083
Diluted net loss per share (in AUD per share) $ (0.01) $ 0 $ (0.04) $ (0.02)
Average weighted number of shares - diluted (in shares) 177,571,854 177,546,854 177,571,854 177,455,083
Other comprehensive gain/(loss), net of tax:        
Foreign currency translation reserve $ 8,250 $ (6,774) $ 29,511 $ (21,426)
Reclassification for gain/(loss) realized in net income 0 0 0 0
Other comprehensive income/(loss) 8,250 (6,774) 29,511 (21,426)
Comprehensive loss (2,093,122) (813,339) (6,594,963) (4,328,178)
Product [Member]        
Revenue        
Total revenue 188,595 1,311,924 1,018,454 3,606,286
Operating costs & expenses        
Total cost of goods sold & services 156,728 726,530 901,359 1,996,189
Service [Member]        
Revenue        
Total revenue 223,288 101,233 456,875 1,784,228
Operating costs & expenses        
Total cost of goods sold & services $ 199,522 $ 96,157 $ 648,666 $ 545,937