Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 131

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 131
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 in determining whether there is reasonable
certainty that an option to extend the lease or purchase the underlying asset will be exercised, or an option to terminate the lease
will not be exercised, when ascertaining the periods to be included in the lease term. In determining the lease term, all facts and circumstances
that create an economical incentive to exercise an extension option, or not to exercise a termination option, are considered at the lease
commencement date. Factors considered may include the importance of the asset to the Company’s operations; comparison of terms
and conditions to prevailing market rates; incurrence of significant penalties; existence of significant leasehold improvements; and
the costs and disruption to replace the asset. The Company reassesses whether it is reasonably certain to exercise an extension option,
or not exercise a termination option, if there is a significant event or significant change in circumstances.

F-17

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

Note 4. Revenue

Revenue from contracts with customers

  Consolidated                                                                    
  2024                              2023                     2022                 
  $                                 $                        $                    
  Sale of goods      3,180,565                2,193,791                1,616,612  

Revenue from contracts with customers

  Revenue from the sale of goods is recognised at the point in time when the customer obtains control of the goods, which is generally at the time of delivery. There is limited judgment needed in...  

  Goods sold by the Company include warranties which require the group to either replace or amend a defective product during the warranty period if the goods fail to comply with agreed-upon speci...  

  The Company does not offer a right of return option for its products, therefore there is no accrual for future returns and no reduction in revenue related to returns.  

  The Company offers discounts on per order basis, which are deducted from revenues, furthermore the Company do not offer additional discount as a condition for future orders, therefore, there is...  

For the years ended December 31, 2024, 2023 and 2022, sales
of goods include recognized deferred revenues in the amount of $ nil, $ niland $8,833, respectively.

Major customers

                As of December 31,                                         
                2024                            2023                       
  Customer      % of total income               % of total income          
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