Company: BIVIW
Filing Date: 2025-07-11
Form Type: S-1/A
Source: 0001520138-25-000205
Chunk: 157

Company: BIOVIE INC.
Filing Date: 2025-07-11
Form: S-1/A
Chunk 157
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 management and reviewed subsequent payments, invoices and agreements
relating to certain research and development expenses to ensure that accruals were properly recorded as of June 30, 2024.

/s/ EisnerAmper LLP

We have served as the Company’s auditor since
2019.

EISNERAMPER LLP

Iselin, New Jersey

September 30, 2024

<div align='center'>F-3

BioVie Inc.

Balance Sheets</div>

| ASSETS                                                                                                                              
 CURRENT                                                                                                                             
 ASSETS:                                                                                                                             |     | June 
 30,  
 2024 |              |   |     | June 
 30,  
 2023 |              |   |
|:------------------------------------------------------------------------------------------------------------------------------------|:----|:-----|-------------:|:--|:----|:-----|-------------:|:--|
| Cash                                                                                                                                
 and cash equivalents                                                                                                                |     | $    |   23,843,798 |   |     | $    |   19,460,883 |   |
| Investments                                                                                                                         
 in U.S. Treasury Bills (available-for-sale)                                                                                         |     |      |            - |   |     |      |   14,477,726 |   |
| Prepaid                                                                                                                             
 and other current assets                                                                                                            |     |      |      204,392 |   |     |      |      102,526 |   |
| Total                                                                                                                               
 current assets                                                                                                                      |     |      |   24,048,190 |   |     |      |   34,041,135 |   |
| Operating                                                                                                                           
 lease right-of-use assets, net                                                                                                      |     |      |      406,726 |   |     |      |       80,789 |   |
| Intangible                                                                                                                          
 assets, net                                                                                                                         |     |      |      407,718 |   |     |      |      637,095 |   |
| Goodwill                                                                                                                            |     |      |      345,711 |   |     |      |      345,711 |   |
| TOTAL                                                                                                                               
 ASSETS                                                                                                                              |     | $    |   25,208,345 |   |     | $    |   35,104,730 |   |
| LIABILITIES                                                                                                                         
 AND STOCKHOLDERS' EQUITY                                                                                                            |     |      |              |   |     |      |              |