Company: COOT
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001641172-25-004895
Chunk: 146

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-04-15
Form: S-1
Chunk 146
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 of AUD$6,965,530
as at 30 June 2024 and a net current liability position of AUD$678,768
as at 30 June 2023. Net cash outflows from operating activities were AUD$2,184,930
for fiscal year 2024 and net cash inflows from operating activities were AUD$689,796
for fiscal year 2023.

As at 30 June 2024 and 2023, the consolidated entity had cash in hand and
at bank of AUD$514,140 and AUD$121,273, 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.

The Company conducted a reverse acquisition of EDOC where the Company became a public company by merging with a SPAC (the “deSPAC”)
on 21 March 2024, the consolidated entity assumed AUD$5,248,824 of previously unpaid transaction costs charged by service providers of
EDOC, AUD$1,216,928 promissory notes to American Physicians LLC and an AUD$1,533,742 convertible note to PIPE Investor ARENA as of 30
June 2024.

In addition to the above unpaid costs incurred by EDOC, the Company incurred
additional professional costs of AUD$1,031,301 in relation to the NASDAQ listing activities this current year, with the majority of the
balances remaining unpaid as of 30 June 2024.

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, Commonwealth Bank of
Australia, who has provided a total facility loan of AUD$14,000,000
with unused facilities as at 30 June 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. As discussed in Note 1 to the consolidated financial statements,
the Company has incurred operating loss and negative cash flows from operating activities