Company: HYSR
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001213900-25-041497
Chunk: 8

Company: SUNHYDROGEN, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 8
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3,000,000 
  
    NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 
     (6,030,113) 
     3,000,000 

    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Repayment of related party note payable 
     (45,829) 
     (78,518)
  
    Net proceeds from common stock purchase agreements 
     2,201,925  
     878,925 
  
    NET CASH PROVIDED BY FINANCING ACTIVITIES 
     2,156,096  
     800,407 

    Net increase (decrease) in cash and cash equivalents 
     (6,844,827) 
     2,029,776 
  
    Cash and cash equivalents - beginning of period 
     39,044,795  
     37,185,989 
  
    Cash and cash equivalents - end of period 
     32,199,968  
     39,215,765 

    SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION 

    Interest paid 
    $626  
    $5,089 
  
    Taxes paid 
    $-  
    $- 

    SUPPLEMENTAL DISCLOSURES OF NON CASH TRANSACTIONS 

    Conversion of Series C Preferred shares to common stock 
    $220,000  
    $210,000 
  
    Cancellation of restricted stock units 
    $-  
    $(618,000)

The accompanying notes are an integral part of
these unaudited condensed financial statements.

4

SUNHYDROGEN, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF MARCH 31, 2025

(Unaudited)

1.ORGANIZATION
AND LINE OF BUSINESS

Organization

SunHydrogen, Inc. (the “Company”)
was incorporated in the state of Nevada on February 18, 2009. The Company, based in Coralville, IA began operations on February 19, 2009.

Line of Business

The company is currently developing a novel solar-powered
nanoparticle system that mimics photosynthesis to separate hydrogen from water. We intend for technology of this system to be used for
the production of renewable hydrogen to produce renewable electricity and hydrogen for fuel cells and other applications where hydrogen