Company: COOT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005620
Chunk: 46

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 46
---
 we incurred additional professional costs of AUD$1,031,301 in relation to the NASDAQ
listing activities this current year, with AUD$501,917.15 paid and the remaining balance unpaid as of 30 September 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$14,000,000 with unused facilities as at 30 September 2024 of AUD$8,000,000.  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:

    Three
    Months Ended 30 September

    2024

    2023

    Net
    cash provided by (used in)

    1,613,598

    259,783

    Operating
    activities
     
    $
    588,341

    (1,537,163
    )
  
    Investing
    activities

    (577,351
    )

    (640,891
    )
  
    Financing
    Activities

    1,602,608

    2,437,837

Operating
Activities

As
of 30 September 2024, our net cash and cash equivalents provided by (used in) operating activities consists primarily of AUD$9,744,089
of cash receipts from customers and AUD$8,689,066 of payments to suppliers and employees including AUD$3,606,051 of canola seed stock
purchase (5,078-ton stock purchase) for the existing crushing plant with the completion of expansion that was commissioned July 2024.

By
comparison, the Company’s net cash and cash equivalents received in operating activities during as of 30