Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 658

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 7A
Chunk 658
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 (NOTE 7) 
     -  
     54,375 
  
    Interest earned on TECO bond (NOTE 8) 
     -  
     226,094 
  
    Dividends and other 
     6,228  
     17,332 
  
    Total investment income 
    $1,737,416  
    $2,013,974 

[1]On September 12, 2023, the Company invested in a $5,000,000 certificate
of deposit (CD), which matured on March 12, 2024. CDs should be reported as part of cash and cash equivalents at cost plus accrued
interest if less than 90 days from the purchase date, and on its own line in the financial statements if the purchase is greater than
90 days. The CD has been classified as a short-term investment due to the length of time to maturity at acquisition and was measured
using Level 1. The CD was reinvested upon maturity. The Company recognized interest income of $123,881 which was reported in the
Company’s financial statements as of June 30, 2024.

    9. COMMITMENTS AND CONTINGENCIES

Effective October 1, 2024, the Company extended
its research agreement with the University of Iowa through September 30, 2025. As consideration under the research agreement, the University
of Iowa will receive a maximum of $302,459 from the Company in four equal installments of $75,615. The agreement can be terminated
by either party upon sixty (60) days prior written notice to the other. As of June 30, 2025, there is a balance due of $151,230 per the
agreement.

Effective October 1, 2024, the Company extended
its research agreement with the University of Michigan through September 30, 2025. As consideration under the research agreement, the
University of Michigan will receive a maximum of $252,246 from the Company. In the event of early termination by the Company, the Company
will pay all costs accrued by the University as of the date of termination, including non-cancellable obligations. As of June 30, 2025,
there is a balance due of $38,821 per the agreement.

Effective June 1, 2025, the Company entered into
a research agreement with the University of Texas at Austin through