Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 11

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 11
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 controls, reporting
systems and procedures on a timely basis and to expand, train, motivate and manage our workforce. Our current and planned personnel, systems,
procedures and controls may be inadequate to support our future operations.

We face uncertainty and adverse changes
in the economy.

Adverse changes in the economy
could negatively impact our business. Future economic distress may result in a decrease in demand for our products, which could have a
material adverse impact on our operating results and financial condition. Uncertainty and adverse changes in the economy could also increase
costs associated with developing and producing products, increase the cost and decrease the availability of sources of financing, and
increase our exposure to material losses from bad debts, any of which could have a material adverse impact on our financial condition
and operating results.

We are subject to the risks associated with
foreign operations in other countries.

Our primary revenues are expected
to be achieved in Israel, US and Europe. However, we may expand to additional markets and become subject to risks normally associated
with conducting business and manufacturing in other countries. As a result of such expansion, we may be subject to the legal, political,
social and regulatory requirements and economic conditions of foreign jurisdictions. We cannot predict government positions on such matters
as foreign investment, intellectual property rights or taxation. A change in government positions on these issues could adversely affect
our business.

If we expand our business
and production to foreign markets, we will need to respond to rapid changes in market conditions, including differing legal, regulatory,
economic, social and political conditions in these countries. If we are not able to develop and implement policies and strategies that
are effective in each location in which we do business, then our business, prospects, results of operations and financial condition could
be materially and adversely affected.

There are tax risks we may be subject to
in carrying on business in the United States, Israel and Australia.

We are incorporated in Australia,
with a fully owned subsidiaries in Israel and the United States. Since we are operating in a new and developing industry there is a risk
that foreign governments may look to increase their tax revenues or levy additional taxes to level the playing field for perceived disadvantages
to traditional brick and mortar businesses. There is no guarantee that governments will not impose such additional adverse taxes in the
future.

If critical components or raw materials
used to manufacture our products become scarce or unavailable, then we may incur delays in manufacturing and delivery of our products,
which could damage our business.

We obtain materials, mechanical
parts,