Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 144

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 144
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For the year ended December 31, 2024, the Company recorded
fair value loss, net of $2,982,480. Fair value gains (losses), net, recorded under the statement of comprehensive loss as a result of
the change in the fair value of January 2024 Warrants.

F-33

  Mobilicom Limited                               
  Notes to the consolidated financial statements  
  December 31, 2024                               

Note 21. Equity - issued capital (continued)

A summary of changes in August 2022 Warrants and January 2024 Warrants
issued by the Company during the years ended December 31, 2024 and 2023 is as follows:

                                                                                                             Fair value measurements using input type                                                              
                                                                                                             Level 1                                                                       Total                   
  Balance as of January 1, 2023                                                                              $                                               745,599      -                $              745,599  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Fair value loss recognized in consolidated statement of profit or loss and other comprehensive income                                                      330,209      -                               330,209  
  Warrant liability as of December 31, 2023                                                                  $                                             1,075,808      -                $            1,075,808  
  Warrants issued during the period                                                                                                                                -      2,945,971                     2,945,971  
  Transfer upon exercise                                                                                                                                           -      ( 3,132,614                 ( 3,132,614  
  Fair value loss recognized in consolidated statement of profit or loss and other comprehensive income                                                    1,269,276      2,982,480                     4,251,756  
  Warrant liability as of December 31, 2024                                                                  $                                             2,345,084      2,795,837        $            5,140,921  

Refer to notes 2 and 24 for further information on financial
instruments. Refer to note 3 for further information on change in valuation methodology.

F-34

  Mobilicom Limited                               
  Notes to the consolidated financial statements  
  December 31, 2024                               

Note 22. Equity - reserves

                                                        Consolidated                                                                                         
                                                        As of                              As of                              As of                          
                                                        2024                               2023                               2022                           
                                                        $                                  $                                  $                              
  Foreign