Income Taxes

3 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Income Taxes

Note 9 – Income Taxes

The effective tax rates for the three months ended September 30, 2024, and 2023 were both nil. The Group’s

effective tax rate differed from the applicable statutory income tax rate due to operating losses incurred for the three

months ended September 30, 2024, and 2023. The Group has accumulated losses for tax purposes as of September 30,

2024, in the amount of $290,783,210 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 September 30, 2024, and June 30, 2024, the Group did not have any uncertain tax positions.