Company: BIVIW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001520138-25-000144
Chunk: 34

Company: BIOVIE INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 11.
    Employee Benefit Plan

On August 1, 2021, the Company began sponsoring an
employee benefit plan subject to Section 401(K) of the Internal Revenue Service Code (the “401K Plan”) pursuant to which,
all employees meeting eligibility requirements are able to participate.

Subject to certain limitations in the Internal Revenue
Code, eligible employees are permitted to make contributions to the 401K Plan on a pre-tax salary reduction basis and the Company will
match 5% of the first 5% of an employee’s contributions to the 401K Plan. The Company made contributions into the plan of approximately
$46,800 and $53,900, for the three months ended March 31, 2025 and 2024, respectively. The Company made contributions into the plan of
approximately $108,800 and $105,000, for the nine months ended March 31, 2025 and 2024, respectively.

 20 

Item 2. Management’s Discussion and Analysis of Financial Condition
and Results of Operations

This report contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended.
Any statements contained in this report that are not statements of historical fact may be forward-looking statements. When we use the
words “intends,” “estimates,” “predicts,” “potential,” “continues,” “anticipates,”
“plans,” “expects,” “believes,” “should,” “could,” “may,” “will”
or the negative of these terms or other comparable terminology, we are identifying forward-looking statements. Forward-looking statements
involve risks and uncertainties, which may cause our actual results, performance or achievements to be materially different from those
expressed or implied by forward-looking statements. These factors include, among others: our research and development activities and distributor
channel; compliance with regulatory requirements; and our ability to satisfy our capital needs Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. 

You are cautioned not to place undue reliance on the
forward-looking statements in this report, which speak only as of the date of this report. Except as may be required by applicable law,
we do not undertake or intend to update or revise our forward-looking statements, and we assume no obligation to update