Company: COOT
Filing Date: 2025-05-30
Form Type: 10-Q
Source: 0001641172-25-013065
Chunk: 52

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-30
Form: 10-Q
Item: Item 8
Chunk 52
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,104). The Company was in a net current liability
position of AUD$9,622,311 as of 31 March 2025 (30 June 2024: AUD$6,965,530). Net cash outflow from operating activities was AUD$1,942,969
for the nine months ended 31 March 2025 (31 March 2024: AUD$1,259,485).

As
at 31 March 2025 and 30 June 2024, the consolidated entity had cash in hand and at bank of AUD$1,435,123 and AUD$514,140, respectively.

The
financial statements have been prepared 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.

We
conducted a reverse acquisition of EDOC Acquisition Limited “ADOC” through the deSPAC on 21 March 2024, the consolidated
entity assumed AUD$5,248,824 of previously unpaid transaction costs charged by service providers of “ADOC”, AUD$1,216,928
promissory notes to American Physicians LLC and a AUD$1,533,742 convertible note to PIPE Investor ARENA as of 30 June 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 million with unused facilities as at 31 March 2025 of AUD$8 million. 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:

    Nine
    Months Ended 31 March (AUD) 

    2025  
    2024 
  
    Net
    cash (