Company: IXHL
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001213900-25-092837
Chunk: 742

Company: Incannex Healthcare Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 5
Chunk 742
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 June 30, 2025 and 2024 was $203,000 and $172,000, respectively, and was included
within net cash used in operating activities in the cash flows.

The following table summarizes the future minimum
lease payments due under operating leases as of June 30, 2025, (in thousands):

    Operating leases 
    Amount $ 
(in thousands) 
  
    June 30, 2026 
     199 
  
    June 30, 2027 
     48 
  
    June 30, 2028 
     32 

    Total minimum lease payments 
     279 

    Less amount representing interest 
     21 

    Total operating lease liabilities 
     258 

Note 8 - Commitments and contingencies

The Company records a loss contingency when it
is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. The Company also discloses material
contingencies when it believes a loss is not probable but reasonably possible. Accounting for contingencies requires us to use judgment
related to both the likelihood of a loss and the estimate of the amount or range of loss. Although the Company cannot predict with assurance
the outcome of any litigation or tax matters, it does not believe there are currently any such actions that, if resolved unfavorably,
would have a material impact on the Company’s operating results, financial position or cash flows.

F-16

Note 9 - Stockholder’s equity/Issued capital

Common stock

The Company has one class of common stock. In connection
with the redomiciliation, the Company’s amended and restated certificate of incorporation became effective, which originally provided
for the issuance of 100 million authorized shares of common stock with a par value of $0.0001 per share, with one vote per share. Holders
of common stock are entitled to receive any dividends as may be declared from time to time by the Company’s board of directors.

On November 28, 2023, the Company effected the
redomiciliation. All references in these consolidated financial statements to the Company’s outstanding common stock, including
per share information, have been retrospectively adjusted to reflect this redomiciliation.

    For
                                            the fiscal year ended 
                                            June 30, 2024 

    $  
    No. of 
Shares 

    (in thousands,  except per share data) 
  
    Opening balance