Company: COOT
Filing Date: 2025-05-30
Form Type: 10-Q
Source: 0001641172-25-013065
Chunk: 77

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-30
Form: 10-Q
Item: Item 2
Chunk 77
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 the normal course of business.

We
conducted a reverse acquisition of EDOC Acquisition Limited “ADOC” through the deSPAC on 21 March 2024, the consolidated
entity assumed AUD$5,248,824 of previously unpaid transaction costs charged by service providers of “ADOC”, AUD$1,216,928
promissory notes to American Physicians LLC and a AUD$1,533,742 convertible note to PIPE Investor ARENA as of 30 June 2024.

Therefore,
our ability to continue its business activities as a going concern is dependent upon us deriving sufficient cash from the business operation
and being able to draw down additional long-term debt from the senior debt provider, Commonwealth Bank of Australia, who has provided
a total facility loan of AUD$14 million with unused facilities as at 31 March 2025 of AUD$8 million. In addition, we also have the ability
to draw down an additional US$6 million of redeemable debentures from the existing PIPE investors or the executed US$50 million equity
line of credit (ELOC) once the Company lodges the registration statement of the ELOC. The Company has determined that the Company’s
sources of liquidity will be sufficient to meet the Company’s financing requirements for the one-year period from the issuance
of its consolidated financial statements.

The
following table shows the net cash and cash equivalents provided by (used in) operating activities, net cash and cash equivalents used
in investing activities, and net cash and cash equivalents provided by financing activities during the periods presented:

    Nine
    Months Ended 31 March (AUD) 

    2025  
    2024 
  
    Net
    cash (used in) provided by 

    Operating
    activities 
     (1,942,969) 
     1,259,485 
  
    Investing
    activities 
     (901,918) 
     (3,302,050)
  
    Financing
    Activities 
     3,765,870  
     2,859,489 

Operating
Activities

As
of 31 March 2025, our net cash and cash equivalents used in operating activities consists primarily of AUD$28,976,930 of cash receipts
from customers and AUD$29,894,989 of payments to suppliers and employees.

By
comparison, the Company’s net cash and cash equivalents provided by operating activities as of 31 March 2024, consists