Company: COOT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005620
Chunk: 5

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 5
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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, CBA, 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 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 which contemplates continuity of normal activities and
realization of assets and settlement of liabilities in the normal course of business.

Should
the Company be unable to obtain funding from banks or other financiers, PIPE investors or fail to execute the ELOC, the Company may be
required to realise its assets and discharge its liabilities other than in normal course of business and at amounts different to those
stated in these financial statements. The financial statements do not include any adjustments to the recoverability and classification
of asset carrying amounts or amounts of liabilities that might result should the Company be unable to continue as a going concern.

(d)
Financial instruments

Financial
instruments are recognised initially on the date that the Company becomes party to the contractual provisions of the instrument.

On
initial recognition, all financial instruments are measured at fair value plus transaction costs (except for instruments measured at
fair value through profit or loss where transaction costs are expensed as incurred).

Concentration
of Key Customers

A
substantial portion of the Company’s products are sold to its top five customers. For the three months ending 30 September 2024
and 2023, 72.7% and 74.3%, respectively, of total sales by the Company were to its top five customers. The Company’s top three
customers accounted for 61.7% and 53.1% of total sales for the three months ending 30 September 2024 and 2023, respectively. The Company’s
top five customers (and top three) for the three months ending 30 September 2024 and 2023, along with the total sales from each customer,
are summarized in the following tables:

 Schedule of Total Sales