Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 56

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 1
Chunk 56
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 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 )  Trademark-net       $ 200     $ 315                           Patents-gross   15 years   $ 101,143     $ 101,143    Less accumulated amortization         (49,474 )     (42,909 )  Patents-net       $ 51,669     $ 58,234   

F-8

The Company recognized amortization expense of
$6,679 and $6,708 for the year ended June 30, 2025 and 2024, respectively.

Future Amortization Expense

    Year 
    Amount 
  
    2026 
    $6,679 
  
    2027 
     6,650 
  
    2028 
     6,565 
  
    2029 
     6,565 
  
    2030 
     6,564 
  
    Thereafter 
     18,846 

    $51,869 

Impairment of Long-lived Assets

The Company applies the provisions of ASC 360,
Property, Plant and Equipment, where applicable to all long-lived assets. ASC 360 addresses accounting and reporting for impairment and
disposal of long-lived assets. The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance
with ASC 360. ASC 360 requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment
are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts.