Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 64

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 5
Chunk 64
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 with the warrants issued in our initial
public offering in the United States in August 2022 (a non-cash item).

B. Liquidity and Capital Resources

As of December 31, 2024, we
have not achieved positive cash flow from operations and incurred a net loss of $8.0 million for the period ended December 31, 2024, and
generated $30.4 million of accumulated losses since inception.

Our operations have been funded substantially through issuances of
our equity securities in public and private offerings, including our initial public offering in August 2022 on Nasdaq, our registered
direct offering in January 2024 on Nasdaq, our at-the-market facility that we established in February 2025, public offerings on the Australian
Securities Exchange, or ASX, and sales of our products.

As of December 31, 2024, we
had cash and cash equivalents of $8.6 million. Additionally, we also recognized a total of $949,225 as receivables. We estimate that we
have adequate financial resources for at least 12 months from December 31, 2024, based on our current cash and trade receivable balances
and our ongoing operations. The consolidated financial statements have been prepared on the assumption that we will continue as a going
concern, meaning we will continue in operation for the foreseeable future and will be able to realize assets and discharge liabilities
in the ordinary course of operations.

In addition, our operating
plans may change as a result of many factors that may currently be unknown to us, and we may need to seek additional funds in the future.
Our future capital requirements will depend on many factors, including:

  the progress and costs of our research and development activities;  

  the costs of manufacturing our products;  

  the costs of filing, prosecuting, enforcing and defending patent claims and other intellectual property rights;  

  the costs of our expanding sales and marketing activities, as well as the potential costs of contracting with third parties to provide marketing and distribution services for us or for building...  

  the magnitude of our general and administrative expenses.  

Until we can generate significant
recurring revenues, profit and cash flow provided by operating activity we expect to satisfy future cash needs through debt or equity
financing as well as governmental grants. In the event that we require additional financing, we may not be able to raise such financing
on terms acceptable to us or at all. If we are unable to raise additional capital