Exhibit xx shows the Company’s balance sheet as of June 30, 2016 and June 30, 2015. As of June 30, 2016, the Company’s cash and cash equivalents stood at $5.57 million, a significant increase as compared to June 30, 2015, primarily due to a total of $3.7 million capital raised through the issuance of 37 million shares at $0.10 per share in June 2016. Further, other assets increased significantly to $0.29 million by 137%, mainly attributable to the prepayment of $0.2 million to Bell Potter Securities Ltd, an advisory firm. The Company received approximately $3.5 million pursuant to the prospectus dated June 10, 2016, incorporated in unissued shares as current liabilities.
