Company: HYSR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108125
Chunk: 43

Company: SUNHYDROGEN, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 7
Chunk 43
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 no similar transactions in the three months ended September 30, 2024.

Our
ability to continue as a going concern is dependent upon raising capital through financing transactions and future revenue. Our capital
needs have primarily been met from the proceeds of private placements and registered offerings of our securities, as we have generated
minimal revenues to date.

18

We
have historically obtained funding from investors, through private placements and registered offerings of equity and debt securities.
Management believes that the Company will be able to continue to raise funds through the sale of its securities to its existing shareholders
and prospective new investors, which will provide the additional cash needed to meet the Company’s obligations as they become due
and will allow the Company to continue to develop its core business. There can be no assurance that we will be able to continue raising
the required capital for our operations on terms and conditions that are acceptable to us, or at all. If we are unable to obtain sufficient
funds, we may be forced to curtail and/or cease our operation.

Off-Balance Sheet Arrangements

We do not have any off-balance
sheet arrangements that are reasonably likely to have a current or future effect on our financial condition, revenues or expenses, result
of operations, liquidity or capital expenditures.

Item 3. Quantitative and Qualitative Disclosures
About Market Risk.

Not required for smaller reporting
companies.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our
CEO and our Acting CFO, evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e)
of the Exchange Act) as of the end of the period covered by this report. Based on that evaluation, our CEO and our Acting CFO concluded
that, due to the material weakness described below, our disclosure controls and procedures as of the end of the period covered by this
report were not effective to ensure that information required to be disclosed is made known to management and others, as appropriate,
to allow timely decision regarding required disclosure and that the information required to be disclosed by us in reports that we file
or submit under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in the Commission’s
rules and forms and (ii) accumulated and communicated to our management, including our CEO and Acting CFO, or persons performing similar
functions, as appropriate to allow timely decisions regarding required disclosure.

Our management