Locafy Ltd Files 20-F/A Amendment

TL;DR

Locafy Ltd dropped its 20-F/A amendment on Nov 18, 2024, with financial details for FY21-23.

AI Summary

Locafy Ltd filed an amendment (20-F/A) on November 18, 2024, for the period ending June 30, 2024. The filing details financial information including issued capital, reserves for exchange differences, options, convertible instruments, and retained earnings for fiscal years 2021, 2022, and 2023. The company's business address is in Subiaco, WA.

Why It Matters

This amendment provides updated financial disclosures for Locafy Ltd, which is crucial for investors to assess the company's financial health and performance.

Risk Assessment

Risk Level: medium — The filing is an amendment to a 20-F, indicating potential corrections or updates to previously filed financial information, which warrants a medium risk assessment.

Key Numbers

• 2021-06-30 — Financial Data Date (Represents the earliest financial reporting date mentioned in the filing.)
• 2023-06-30 — Financial Data Date (Represents a key financial reporting date mentioned in the filing.)
• 2024-06-30 — Period of Report (The end date for the reporting period covered by this amendment.)

Key Players & Entities

• Locafy Ltd (company) — Filer of the 20-F/A amendment
• 0001493152-24-046411 (filing_id) — Accession number for the filing
• 20241118 (date) — Filing date of the amendment
• 20240630 (date) — Period of report end date
• Subiaco WA (location) — Company's business and mail address

FAQ

Key Financial Figures

• $2,988,469 — nts, the Company incurred a net loss of $2,988,469 and experienced net cash outflows from
• $1,112,902 — h outflows from operating activities of $1,112,902 during the year ended June 30, 2024. Th

Filing Documents

• form20-fa.htm (20-F/A) — 1635KB
• ex12-1.htm (EX-12.1) — 17KB
• ex12-2.htm (EX-12.2) — 18KB
• ex13-1.htm (EX-13.1) — 8KB
• ex13-2.htm (EX-13.2) — 8KB
• ex15-1.htm (EX-15.1) — 5KB
• form20-f_003.jpg (GRAPHIC) — 8KB
• 0001493152-24-046411.txt ( ) — 9969KB
• lcfy-20240630.xsd (EX-101.SCH) — 103KB
• lcfy-20240630_cal.xml (EX-101.CAL) — 93KB
• lcfy-20240630_def.xml (EX-101.DEF) — 260KB
• lcfy-20240630_lab.xml (EX-101.LAB) — 579KB
• lcfy-20240630_pre.xml (EX-101.PRE) — 439KB
• form20-fa_htm.xml (XML) — 2375KB

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS ITEM 19. EXHIBITS 4

SIGNATURES

SIGNATURES 6 2 EXPLANATORY NOTE This Amendment No. 1 to Form 20-F (the "Amendment") amends the Annual Report on Form 20-F of Locafy Limited for the fiscal year ended June 30, 2024, originally filed with the U.S. Securities and Exchange Commission ("SEC") on November 12, 2024 (the "Form 20-F"). The sole purpose of this Amendment is to amend and restate the report (the "Report") of the Company's independent registered public accounting firm ("Grant Thornton") in its entirety included in the Form 20-F as the incorrect Report was inadvertently included in the Form 20-F. In accordance with applicable SEC rules and as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended, Item 19 of this Amendment reflects a new consent of Grant Thornton and currently dated certifications from the Company's Chief Executive Officer and Chief Financial Officer. The Form 20-F, as amended by this Amendment, speaks as of the original filing date of the Form 20-F, does not reflect events that may have occurred subsequent to the original filing date of the Form 20-F, and does not modify or update in any way the disclosures made in the Form 20-F except as described above. Accordingly, this Amendment should be read in conjunction with the Form 20-F and the Company's filings with the SEC subsequent to the original filing date of the Form 20-F. 3 ITEM 18.

Financial Statements

Financial Statements See our financial statements beginning on page F-1, which are filed as part of this Annual Report and incorporated herein by reference. ITEM 19. EXHIBITS Exhibit No. Description 1.1 Constitution of Locafy Limited, as currently in effect (incorporated by reference to Exhibit 3.1 to the Company's Registration Statement on Form F-1, filed with the SEC on February 1, 2022). 2.1 Description of Securities (incorporated by reference to Exhibit 2.1 to the Company's Annual Report on Form 20-F, filed with the SEC on October 11, 2023. 2.2 Constitution of the Registrant, as currently in effect (incorporated by reference to Exhibit 3.1 to the Company's Registration Statement on Form F-1, filed with the SEC on February 1, 2022). 2.3 Form of Deed Poll Constituting Convertible Loan Notes (incorporated by reference to Exhibit 4.1 to the Company's Registration Statement on Form F-1, filed with the SEC on February 1, 2022). 2.4 Form of Representative's Warrant (incorporated by reference to Exhibit 4.2 to the Company's Registration Statement on Form F-1/A, filed with the SEC on March 7, 2022). 2.5 Specimen Warrant Certificate (incorporated by reference to Exhibit 4.3 to the Company's Registration Statement on Form F-1/A, filed with the SEC on March 7, 2022). 2.6 Form of Convertible Note Deed (incorporated by reference to Exhibit 4.4 to the Company's Registration Statement on Form F-1, filed with the SEC on February 1, 2022). 2.7 Specimen Ordinary Share Certificate (incorporated by reference to Exhibit 4.5 to the Company's Registration Statement on Form F-1/A, filed with the SEC on March 7, 2022). 2.8 Form of Underwriting Agreement (incorporated by reference to Exhibit 1.1 to the Company's Registration Statement on Form F-1/A, filed with the SEC on March 7, 2022). 4.1# Executive Agreement, dated January 1, 2020, by and among Locafy Limited (f/k/a Moboom Limited) and Gavin Burnett (incorporated by reference to Exhibit 10.

SIGNATURES

SIGNATURES The registrant hereby certifies that it meets all of the requirements for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this Annual Report on its behalf. Locafy Limited November 18, 2024 By: /s/ Gavin Burnett Name: Gavin Burnett Title: Chief Executive Officer 6 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS Page Report of Independent Registered Public Accounting Firm (PCAOB ID: 2233) F-2 Consolidated statements of profit or loss and other comprehensive income F-3 Consolidated statements of financial position F-4 Consolidated statements of changes in equity F-5 Consolidated statements of cash flows F-6

Notes to consolidated financial statements

Notes to consolidated financial statements F-7 F-1 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Board of Directors and Shareholders Locafy Limited Opinion on the financial statements We have audited the accompanying consolidated statements of financial position of Locafy Limited and subsidiaries (the "Company") as of June 30, 2024 and 2023, the related consolidated statements of profit and loss and other comprehensive income, consolidated June 30, 2024 and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial of its operations and its cash flows for each of the three years in the period ended June 30, 2024, in conformity with International Financial Reporting Standards, as issued by the International Accounting Standards Board. Substantial Doubt about the Company's Ability to Continue as a Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3.2 to the financial statements, the Company incurred a net loss of $2,988,469 and experienced net cash outflows from operating activities of $1,112,902 during the year ended June 30, 2024. These conditions, along with other matters as set forth in Note 3.2, raise substantial doubt about the Company's ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 3.2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Basis for opinion These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial st

View Full Filing

View this 20-F/A filing on SEC EDGAR