Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 985

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 11
Chunk 985
---

    $0.0099 – 0.016  
     20,729,439 
  
    2022 Equity compensation plan approved by security holders 
     348,600,000  
    $0.012-0.0237  
     604,948,700 
  
    Total 
     627,870,561  
        
     625,678,139 

Item 13. Certain Relationships and Related
Transactions, and Director Independence.

Certain Relationships and Related Transactions 

As of June 30, 2025 and 2024,
the Company owed $0 and $45,829, respectively to Timothy Young for a loan for the payment of operating expenses in prior periods.

Director Independence 

The Board has determined that
Mr. Raney is an independent director within the meaning of NASDAQ Rule 5605(a)(2).

Item 14. Principal Accountant Fees and Services.

Audit Fees

The aggregate fees billable
to us by our principal accounting firm during the years ended June 30, 2025 and 2024 for the audit of our annual financial statements
and review of financial statements included in our Form 10-Qs or services that are normally provided by the accountant in connection with
statutory and regulatory filings or engagements for those fiscal years, were approximately $69,525 and $66,725, respectively.

Audit-Related Fees

We incurred fees of $0 and
$0 for the years ended June 30, 2025 and 2024, respectively, to our principal accountant for assurance and related services that are reasonably
related to the performance of the audit or review of our financial statements and are not reported under “Audit Fees” above.

Tax Fees

We did not incur fees for
services rendered to us for tax compliance, tax advice, or tax planning by our principal accountant for the fiscal years ended June 30,
2025 and 2024. 

All Other Fees

Our current policy is to not
engage M&K CPAS, PLLC to provide, among other things, bookkeeping services, appraisal or valuation services, or international audit
services. The policy provides that we engage M&K CPAS, PLLC to provide audit, and other assurance services, such as review of SEC
reports or filings.

27

PART IV

Item 15. Exhibits and Financial Statement Schedules.

(1) Financial statements.

The SunHydrogen, Inc. financial