Company: COOT
Filing Date: 2025-06-23
Form Type: S-1/A
Source: 0001641172-25-016159
Chunk: 153

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-06-23
Form: S-1/A
Chunk 153
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June 2024.

In addition to the above unpaid costs incurred by EDOC, the Company incurred
additional professional costs of AUD$1,031,301 in relation to the NASDAQ listing activities this current year, with the majority of the
balances remaining unpaid as of 30 June 2024.

Therefore, the Company’s
ability to continue its business activities as a going concern is dependent upon the Company 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 June 2024 of AUD$8,000,000 which is repayable on demand.
In addition, the Company also has the ability to draw down an additional US$6
million of redeemable debentures from the existing PIPE investors or executing a US$50
million equity line of credit (ELOC) once the Company lodges the registration statement of the ELOC.

Accordingly, the directors have prepared the financial statements on a
going concern basis. As discussed in Note 1 to the consolidated financial statements,
the Company has incurred operating loss and negative cash flows from operating activities in fiscal year 2024. Management’s plans in regard to these matters are also described in Note 1. The consolidated financial statements
do not include any adjustments that might result from the outcome of this uncertainty.

(c) Revenue and other income

Revenue from contracts with customers

The core principle of IFRS 15 is that revenue is recognised on a basis that reflects the transfer of promised goods or services to customers at an amount that reflects the consideration the Company expects to receive in exchange for those goods or services. Revenue is recognised by applying a five-step model as follows:

| 1. | Identify                                                                  
 the contract with the customer                                            |
| 2. | Identify                                                                  
 the performance obligations                                               |
| 3. | Determine                                                                 
 the transaction price                                                     |
| 4. | Allocate                                                                  
 the transaction price to the performance obligations                      |
| 5. | Recognise                                                                 
 revenue as and when control of the performance obligations is transferred |

Generally, revenue is recognized at a point in time where the ownership, benefits and risks of goods are transferred to the customers.

None of the revenue streams of the Company have any significant financing terms as there are less than 12 months between receipt of funds and satisfaction of performance obligations.

Variable consideration within the