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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:        
Net loss $ (8,257,402) $ (1,154,650) $ (16,791,770) $ (1,076,823)
Adjustments for reconcile net loss to net cash used in operating activities:        
Depreciation 2,696 2,222 4,855 3,447
Stock-based compensation 0 0 13,568,137  
Loss on disposal of property and equipment 0 257 256  
Changes in operating assets and liabilities:        
Inventories 0 0   163,259
Deposit, upfront payments and other receivables (79,808) (200,363) (2,805) (18,878)
Accruals and other payables 3,098,928 14,039 574,119 121,253
Due from promissory note 333,594 0 (333,594)  
Operating lease liabilities 904 (3,037) (1,976) 2,565
Defered underwriting fee payable 2,257,500 0    
Net cash used in operations (2,643,587) (1,341,532) (2,982,778) (805,177)
Cash flows from investing activities        
Purchase of property and equipment 0 (5,735) (5,735) (3,888)
Effect of reverse capitalisation of PNAC 1,217,737 0    
Cash generated/(used) in investing activities 1,217,737 (5,735) (5,735) (3,888)
Cash flows from financing activities        
Capital contribution from non-controlling interest 0 0 67  
Proceeds from immediate holding company 1,509,326 1,496,657 3,388,520 873,066
Cash generated from financing activities 1,509,326 1,496,657 3,388,587 873,066
Increase/(decrease) in cash and cash equivalents 83,476 149,390 400,074 64,001
Effect of exchange rate changes (75,881) (16,567) (463,911) (14,065)
Cash and cash equivalents at beginning of period 17,789 81,626 81,626 31,690
Cash and cash equivalents at end of period 25,384 214,449 17,789 81,626
Cash paid during the period for:        
Interest 0 0    
Supplemental disclosure of non-cash investing and financing information:        
Issuance of ordinary shares for commitment fee 2,251,497 0    
Issuance of ordinary shares for conversion of debt $ 0 $ 790,287 $ 790,287 $ 1,547,804