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Statement of Financial Position as at 30 June 2019

Note

2019

2018

Assets

$

$

Current Assets

Cash and cash equivalents

8

2,083,385

2,607,318

GST receivable

133,986

31,124

Other assets - security deposit

27,900

14,400

Total Assets

2,245,270

2,652,842

Liabilities

Current Liabilities

Trade and other payables

9

1,025,392

336,594

Short term provisions

10

46,301

7,409

Total Liabilities

1,071,693

344,004

Net Assets

1,173,577

2,308,839

Equity

Retained surplus

1,173,577

2,308,839

Total Equity

1,173,577

2,308,839

The above statement should be read in conjunction with the accompanying notes.