Company: COOT
Filing Date: 2025-05-30
Form Type: 10-Q
Source: 0001641172-25-013065
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Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-30
Form: 10-Q
Item: Item 8
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1.
Establishment and Operations

Australian
Oilseeds Holdings Limited (“Australian Oilseeds” or the “Company”) is a Cayman Islands exempted
company that, directly and indirectly through its subsidiaries, is focused on the manufacture and sale of chemical free, non-GMO, sustainable
edible oils and products derived from oilseeds. The Company believes that transitioning from a fossil fuel economy to a renewable and
chemical free economy is the solution to many health problems the world is facing presently. To that end, the Company is committed to
working with suppliers and customers to eliminate chemicals from the edible oil production and manufacturing systems to supply quality
products such as non-GMO oilseeds and organic and non-organic food-grade oils to customers globally. Over the past 20 years, Australian
Oilseeds Investments Pty Ltd., an Australian proprietary company (“AOI”) has grown to be the largest cold pressing oil plant
in Australia, pressing strictly GMO free conventional and organic oilseeds.

The
main business activities include the mill of GMO free conventional and organic oilseeds to produce vegetable oils and related products
to wholesale and retail market.

The
material accounting policies adopted in the preparation of the consolidated financial statements are set out in Note 2. The policies
have been consistently applied to all the years presented, unless otherwise stated.

The
condensed consolidated financial statements are presented in AUD, which is also the Company’s functional currency.

Amounts
are rounded to the nearest dollar, unless otherwise stated.

These
financial statements have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting
Standards Board (IASB) (collectively IFRS Accounting Standards).

The
preparation of financial statements in compliance with adoption of IFRS Accounting Standards requires the use of certain critical accounting
estimates. It also requires Company management to exercise judgment in applying the Company’s accounting policies. The areas where
significant judgments and estimates have been made in preparing the financial statements and their effects are disclosed in note 2.

Reverse
Recapitalization

Australian
Oilseeds Holdings Ltd (“PubCo”) was incorporated in Cayman Islands business company with limited liability and was formed
for the purpose of participating in the transactions contemplated hereby and becoming the publicly traded holding company for the surviving
corporation.

EDOC
Acquisition Corp (“EDOC” or “SPAC”) is a Cayman Islands exempted company formerly listed on the NASDAQ Stock
Market under “ADOC”. E