Company: BIVIW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001520138-25-000144
Chunk: 64

Company: BIOVIE INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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 as a component of interest expense on the accompanying condensed statements of operations and
comprehensive loss for the nine months ended March 31, 2025. Interest expense associated with this loan was comprised of interest incurred
on the outstanding principal of the loan of approximately $163,000, amortization of financing costs of approximately $12,000, amortization
of the unearned discount of approximately $111,000, and the accretion of the Loan Premium of approximately $26,000.

     13 

Total interest expense associated with the Loan for
the three months ended March 31, 2024 was approximately $629,000 on the accompanying condensed statements of operations and comprehensive
loss. Interest expense was comprised of interest incurred on the outstanding principal of the loan of approximately $327,000, amortization
of financing costs of approximately $24,000, amortization of the unearned discount of approximately $222,000 and the accretion of Loan
Premium of approximately $52,000. Total interest expense associated with the Loan for the nine months ended March 31, 2024 was approximately
$2.5 million on the accompanying condensed statements of operations and comprehensive loss. Interest expense was comprised of interest
incurred on the outstanding principal of the loan of approximately $1.3 million, amortization of financing costs of approximately $92,000,
amortization of the unearned discount of approximately $867,000 and the accretion of Loan Premium of approximately $201,000. 

The following is a summary of the Notes Payable as of March 31, 2025 and
June 30, 2024:

    Schedule of note payable 

    March 31, 2025  
    June 30, 2024 

    Current portion of Notes Payable 
    $-  
    $5,000,000 
  
    Less: debt financing costs 
     -  
     (11,820)
  
    Less: unearned discount 
     -  
     (111,212)
  
    Plus: accretion of Loan Premium 
     -  
     824,242 
  
    Current portion of Notes Payable, net of financing costs, unearned premium and discount 
    $-  
    $5,701,210 

    7.
    Fair Value Measurements

The Company’s derivative liabilities during the nine months ended
March 31, 2025 related