Income Taxes

9 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

Income Taxes

Note 9 – Income Taxes

The effective tax rates for the three months and nine months ended March 31, 2025, and 2024 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 nine months ended March 31, 2025, and 2024. The Group has accumulated losses for tax purposes as of

March 31, 2025, in the amount of $322,399,763, 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 March 31, 2025, and June 30, 2024, the Group did not have any uncertain tax positions.