Other Income, Net

12 Months Ended

Dec. 31, 2024

Analysis of income and expense [abstract]

Note 4 Other Income, Net


	Year Ended December 31,				Six Months Ended December 31,		Year Ended June 30,
(in U.S. dollars)	2024		2023		2022		2022
Interest income	$	1,370,929	$	1,611,128	$	19,416	$	8,314
Manufacturing and Energy Supply Chains Grant		470,783		—		—		—
Other grant funding		1,827,882		1,161,992		260,536		982,767
Fair value gain on borrowings (refer Note 21)		—		—		—		219,557
Research and development tax incentive		593,521		689,089		—		—
Other		10,064		147,691		35,154		385,482
Total	$	4,273,179	$	3,609,900	$	315,106	$	1,596,120

In November 2023, the Company was selected to receive a $100 million grant from the U.S. Department of Energy ("DOE") office of Manufacturing and Energy Supply Chains ("MESC") to enhance domestic production of high-performance synthetic graphite anode materials at its Riverside facility in Chattanooga, Tennessee. During the year ended December 31, 2024, the Company submitted reimbursement requests totaling $19,156,398 against the available grant funds. In accordance with the schedule of expenditures, $470,783 relates to payroll and salary related expense claims which have been accounted for as other income and $18,677,454 relates to capital expenditure claims which have been offset against the related Construction in Progress additions in Property, Plant and Equipment (Note 14).