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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Receipts from customers (inclusive of VAT) $ 3,092,295 $ 1,667,886 $ 1,724,079
Interest received 269,771 293,478 117,296
Interest paid (27,052) (14,734) (10,217)
Payments to suppliers and employees (inclusive of VAT) (6,729,281) (6,306,258) (5,803,647)
Government grants received and tax incentives 187,718 197,041 641,233
Net cash used in operating activities (3,206,549) (4,162,587) (3,331,256)
Cash flows from investing activities      
Payments for property, plant and equipment (26,926) (12,760) (3,152)
Net cash used in investing activities (26,926) (12,760) (3,152)
Cash flows from financing activities      
Proceeds from issue of shares 2,949,857 15,353,291
Share issue transaction costs (436,203) (1,790,460)
Proceeds from exercise of warrants 1,180,052    
Shares buyback (Small parcel plan) payments (20,291)
Repayment of lease liabilities (218,550) (251,325) (236,466)
Net cash provided by/ (used in) financing activities 3,475,156 (271,616) 13,326,365
Net Increase (decreased) in cash and cash equivalents and restricted cash 241,681 (4,446,963) 9,991,957
Cash and cash equivalents and restricted cash at the beginning of the financial year 8,444,709 12,891,672 2,899,715
Cash and cash equivalents and restricted cash at the end of the financial year $ 8,686,390 $ 8,444,709 $ 12,891,672