Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 66

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 5
Chunk 66
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444,192, together with an increase in payments to suppliers of $502,611
mainly related with increased research and development activities related with release on new products and additional features and enhancement
to current products, continued sale and marketing activities mainly in the United States and Europe to support the sales and marketing
of our cybersecurity and cloud-based products and increased public company related costs as a result of our listing on Nasdaq following
our initial public offering in the United States in August 2022, offset by an increase in interest received of $176,182.

Net cash used in investing
activities

For the years ended December
31, 2024 and 2023, the net cash used in investing activities was $26,926 and $12,760, respectively.

For the years ended December
31, 2023 and 2022, the net cash used in investing activities was $12,760 and $3,152, respectively.

Net cash provided by financing activities

For the year ended December 31, 2024 net cash provided by financing
activities was $3,475,156 compared to net cash used in financing activities of $271,616 for the year ended December 31, 2023. For the
year ended December 31, 2024, net cash provided by financing activities was mostly attributed to net proceeds from issuances of shares
and exercises of warrants from the January 2024 registered direct offering. For the year ended December 31, 2023, net cash used in financing
activities was mostly attributed to repayment of our lease liabilities.

For the year ended December
31, 2023 net cash used in financing activities was $271,616 compared to net cash provided by financing activities of $13,326,365 for the
year ended December 31, 2022. For the year ended December 31, 2023, net cash used in financing activities was mostly attributed to repayment
of our lease liabilities. For the year ended December 31, 2021, net cash provided by financing activities was mostly attributed to net
proceeds from issuance of shares under August 2022 initial public offering on Nasdaq.

Commitments and Contractual Obligations

Our material contractual obligations
as of December 31, 2024 which are not reflected as liabilities in the Consolidated Balance Sheets include operating lease obligations
related with our facilities and for motor vehicles, of $255,625, and net employee benefits related with severance pay and retirement