Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 65

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 5
Chunk 65
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 or generate cash flows necessary to expand our operations
and invest in continued innovation, we may not be able to compete successfully, which would harm our business, results of operations,
and financial condition.

Cash Flows

USD$

                                                                                   For the twelve months ended                                                                      
                                                                                   December 31,                                                                                     
                                                                                   2024                                             2023                      2022                  
  Net cash used in operating activities                                            $                                (3,206,549      $         (4,162,587      $         (3,331,256  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net cash used in investing activities                                                                                (26,926                   (12,760                    (3,152  
  Net cash provided by/(used in) financing activities                                                                3,475,156                  (271,616                13,326,365  
  (Decrease) Increase in cash and cash equivalents and restricted cash                                                 241,681                (4,446,963                 9,991,957  
  Cash and cash equivalents and restricted cash, at the beginning of the year                                        8,444,709                12,891,672                 2,899,715  
  Cash and cash equivalents and restricted cash, at the end of the year                                              8,686,390                 8,444,709                12,891,672  

Net cash used in operating activities

For the years ended December
31, 2024 and 2023, net cash used in operating activities was $3,206,549 and $4,162,587, respectively. The decrease between the periods
is primarily due to an increase in receipts from customers of $1,424,409, net by increase in payments to suppliers of $423,316 mainly
related to increased manufacturing and production costs related to increased sales, increased research and development activities related
to the release of new products and additional features and enhancements to current products and continued sales and marketing activities
mainly in the United States to support the sales and marketing of our cybersecurity and cloud-based products.

For the years ended December 31, 2023 and 2022, net cash used in operating
activities was $4,162,587 and $3,331,256, respectively. The increase between the periods is primarily due to a decrease in receipts from
customers of $56,193 and under government grants received of $