Income Taxes

6 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

Note 9 – Income Taxes

The effective tax rates for the three months and six months ended December 31, 2024, and 2023 were nil. The

Group’s effective tax rate differed from the applicable statutory income tax rate due to operating losses incurred for the

three months and six months ended December 31, 2024, and 2023. The Group has accumulated losses for tax purposes as

of December 31, 2024, in the amount of $301,247,473 which may be carried forward and offset against taxable income in

the future for an indefinite period, subject to meeting Australian tax rules around continuity of ownership or business

continuity test.

As of December 31, 2024, and June 30, 2024, the Group did not have any uncertain tax positions.