At present, all of SAPL’s revenue comes from sales in the Australian market. However, due to the strong international influence of SAPL’s major customers (such as Visy, especially in the United States), as well as the SAPL product series (breathable stretch film and antibacterial polymer products), It is expected that SAPL products will be increasingly used in the global market.

SAPL is growing rapidly. As a listed company, it is at a loss and needs more working capital to achieve stronger growth.

SAPL’s flagship product line for ventilated packaging is in the final stage of commercial production and is expected to disrupt the fresh packaging market with strong performance and competitive prices.

Sales, general and administrative expenses

For the three months ended September 30, 2021, no employee expenses were incurred.

The increase in other income and expenditure is due to the financial assistance that companies received from the Australian government in response to the impact of COVID-19.

The main purpose of our cash is for operations. The main source of cash is to sell our products to customers.

The company believes that the cash flow generated from operations will be sufficient to maintain its current operating level for at least the next three months.

(i) The company has the ability to raise funds through private placement

(2) The company streamlines operations and streamlines operations

For the nine months ended September 30, 2021 and September 30, 2020, the net cash used in investment activities was approximately zero and zero dollars, respectively.

Key accounting estimates and judgments

(i) Provision for impairment of accounts receivable

A certain degree of estimation and judgment is required to assess the provision for impairment of accounts receivable. The level of provision is assessed after taking into account recent sales experience, the aging of accounts receivable, past collection rates and specific understanding of the financial status of individual debtors.

There was no sign of impairment on the company's assessment report date, so no impairment test was carried out.

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