Nyrada Inc - Annual Report 2021

NYRADA INC (ASX:NYR) 40 Consolidated Statement of Cash Flows For the year ended 30 June 2021 2021 2020 Notes $ $ Cash flows from operating activities Payments to suppliers and employees (inclusive of GST) (4,878,622) (4,460,623) R & D tax incentive received 2,051,785 - Interest received 3,989 - Cash receipts from other operating activities 5 50,000 50,000 Net cash used in operating activities (2,772,848) (4,410,623) Cash flows from investing activities Payments for plant and equipment (5,000) (2,999) Net cash used in investing activities (5,000) (2,999) Cash flows from financing activities Proceeds from related party loans - 1,204,378 Repayment of related party loans (342,322) - Proceeds from issue of Common Stock 11,870,579 8,700,000 Payments to convertible note holders - (515,000) Proceeds from other financing activities 44,521 - Transaction costs relating to issue of Common Stock (234,286) (905,296) Net cash from financing activities 11,338,492 8,484,082 Net increase in cash and cash equivalents 8,560,644 4,070,460 Cash and cash equivalents at the beginning of the financial year 5,146,169 1,102,397 Effects of exchange rate changes on cash and cash equivalents 43,930 (26,688) Cash and cash equivalents at the end of the financial year 13,750,743 5,146,169 The above consolidated statement of cash flows should be read in conjunction with the accompanying notes.