Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 1087

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 13
Chunk 1087
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998,385         $2,966,845   $2,997,460  

During the year ended June 30, 2025, the Company
recognized a gain on change in fair value of short-term investments of $30,615.

Concentration risk

Cash includes amounts deposited in financial institutions
in excess of insurable Federal Deposit Insurance Company (FDIC) limits. At times throughout the year, the Company may maintain cash balances
in certain bank accounts in excess of the FDIC limits. As of June 30, 2025, the cash balance in excess of the FDIC limits was $33,114,402.
The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk in these accounts.

Use of Estimates

In accordance with accounting
principles generally accepted in the United States, management utilizes estimates and assumptions that affect the reported amounts of
assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements as well as the
reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. These estimates
and assumptions relate to useful lives and impairment of tangible and intangible assets, accruals, income taxes, stock-based compensation
expense, fair value of financial instruments, and other factors. Management believes it has exercised reasonable judgment in deriving
these estimates. Consequently, a change in conditions could affect these estimates.  

Property and Equipment

Property and equipment
are stated at cost and are depreciated using straight line over their estimated useful lives.

  Computers and peripheral equipment   5 Years   Vehicle   5 Years  

The Company recognized
depreciation expense of $31,641 and $35,247 for the year ended June 30, 2025 and 2024, respectively. 

Intangible Assets

The Company has patent applications to protect
the inventions and processes behind its proprietary bio-based back-sheet, a protective covering for the back of photovoltaic solar modules
traditionally made from petroleum-based film. Intangible assets that have finite useful lives continue to be amortized over their useful
lives.

      Useful Lives   June 30, 2025     June 30,  2024                       Trademark-gross   10 years   $ 1,142     $ 1,142    Less accumulated amortization         (942 )     (827