Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 1045

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 12
Chunk 1045
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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.
In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets.
Loss on long-lived assets to be disposed of is determined in a similar manner, except that fair market values are reduced for the cost
of disposal.

When long-lived assets are sold or retired, the
related cost and accumulated depreciation or amortization are removed from the accounts and any gain or loss is included in the results
of operations. During the year ended June 30, 2025 and 2024, the Company determined no impairment was required.

Net Earnings (Loss) per Share Calculations

Net earnings (Loss) per share dictates the calculation
of basic earnings (loss) per share and diluted earnings per share. Basic earnings (loss) per