CFOAM Limited

Climate Impact & Sustainability Data (20 May 2016, 2017, 2018)

Ability to Commercialise Production
Committee on Foreign Investment in the United States (CFIUS)
Commercialisation of CFOAM
Additional Requirements for Capital to Continue Commercialisation Strategy
Research and Development Activities
Intellectual Property Risks
Uncertainty of Future Profitability
Failure to Meet Regulatory Standards
Staff Risk
Competition from Existing Market Players
Highly Competitive Market
Multiple Markets and End Uses
Limited Operating History
Economic conditions, introduction of tax reform, new legislation, movements in interest and inflation rates and currency exchange rates
Market conditions
Market Acceptance
Reliance on Key Personnel and the Need to Attract and Retain Qualified Staff
Foreign Exchange Rate Risks
Changes to Government Policies and Legislative Changes

carefully planning its activities and implementing risk control measures
Carbon Innovations and Touchstone Research lodged a notice for review under CFIUS on 6 June 2016
The Company plans to provide the necessary capital to increase output, improve efficiencies, reduce operating costs and professionalise the manufacturing sales team to significantly increase sales.
The Company has identified capital expenditure improvements in the business model to debottleneck production; increase output capacity and lower costs.
The Company will seek the ‘no-action’ decision or take steps to mitigate such risk to the satisfaction of CFIUS.
All staff contracts will contain express provisions with respect to ownership of intellectual property and restraints of trade to limit any potential loss suffered by the Company to the maximum extent possible.
The Company will obtain and maintain adequate levels of insurance to cover product liability risks.

Group's operations up to 30 June 2017 are not regulated by any significant environmental regulation laws other than operating within certain limits of Hazardous Air Pollutants at its manufacturing operations in West Virginia to ensure no environmental issues occur.

Adopted comprehensive systems of control and accountability as the basis for the administration of corporate governance.
Adopted The Corporate Governance Principles and Recommendations (3rd Edition) as published by ASX Corporate Governance Council.
Adopted a Nominations Committee Charter
Adopted a Risk Management Policy
Adopted a Remuneration Committee Charter
Adopted an Audit and Risk Committee Charter
Adopted a diversity policy

The ability of the entity to continue as a going concern is dependent on securing additional funding through raising of debt or equity to continue to fund the development activities and expansion of its business platform.
The Group has one major customer that contributed more than 90% of sales revenue.

The directors have reviewed the Group’s financial position and are of the opinion that there are sufficient funds to meet the entity’s working capital requirements and as at the date of this report.
The directors expect the Group to be successful in securing additional funds through debt or equity issues, when and if required.

Frameworks Used: Australian Accounting Standards

Third-party Assurance: BDO Audit (WA) Pty Ltd

Group's operations up to 30 June 2018 are not regulated by any significant environmental regulation laws other than operating within certain limits of Hazardous Air Pollutants at its manufacturing operations in West Virginia to ensure no environmental issues occur.

Adopted comprehensive systems of control and accountability as the basis for the administration of corporate governance.
Adopted The Corporate Governance Principles and Recommendations (3rd Edition) as published by ASX Corporate Governance Council.
Adopted a Nominations Committee Charter
Adopted a Risk Management Policy
Adopted a Remuneration Committee Charter
Adopted an Audit and Risk Committee Charter
Adopted a diversity policy

The Group recorded a loss from continuing operations after income tax of US$3,511,954 (2017: US$1,695,331) and had net cash outflows from operating activities of US$2,577,389 (2017: US$1,634,112) and net current liabilities of US$162,988.
The ability of the entity to continue as a going concern is dependent on securing additional funding through raising of debt or equity to continue to fund the development activities and expansion of its business platform.
The Group has one major customer that contributed approximately 87% of sales revenue.

The directors have reviewed the Group’s financial position and are of the opinion that there are sufficient funds to meet the entity’s working capital requirements and as at the date of this report.
The directors expect the Group to be successful in securing additional funds through debt or equity issues, when and if required.