INCOME AND EXPENSES

12 Months Ended

Jun. 30, 2023

INCOME AND EXPENSES [Abstract]

INCOME AND EXPENSES

2. INCOME AND EXPENSES

			2023			2022			July 20, 2020 to June 30, 2021
	Note		US$			US$			US$
Finance income
Interest income				139,697			24,042			5,075
Net foreign exchange gain				354,772			377,003			-
				494,469			401,045			5,075
Finance costs
Interest expense				(88,138	)		(45,541	)		(3,097	)
Other finance costs				-			(6,734	)		(4,395	)
				(88,138	)		(52,275	)		(7,492	)
Other income and expenses
Other income				60,470			-			-
Loss on derecognition of financial asset				(250,000	)		-			-
Cost of listing on reverse acquisition				-			-			(5,141,126	)
				(189,530	)		-			(5,141,126	)
Depreciation and amortisation
Amortisation of right-of-use assets		8		(249,387	)		(119,706	)		(8,364	)
Depreciation of property, plant and equipment		8		(177,147	)		(33,728	)		(960	)
				(426,534	)		(153,434	)		(9,324	)
Employee benefits expense
Wages and salaries				(4,714,673	)		(2,739,427	)		(509,474	)
Employee benefits				(808,717	)		(376,974	)		(44,325	)
Post-employment benefits				(134,074	)		(67,496	)		(8,929	)
Share-based payment expenses				(2,589,413	)		(8,340,328	)		(4,084,764	)
				(8,246,877	)		(11,524,225	)		(4,647,492	)