Company: HYSR
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001213900-25-041497
Chunk: 22

Company: SUNHYDROGEN, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 22
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402) 
    $- 

8.INVESTMENT INCOME

The following table summarizes our investment
income.

    Nine Months  Ended  March 31,  2025  
    Nine Months  Ended  March 31,  2024 
  
    Interest earned on cash (NOTE 2) 
    $963,243  
    $100,236 
  
    Interest earned on Treasury Bills (NOTE 2) 
     348,742  
     1,070,264 
  
    Interest earned on Certificates of Deposit [1] 
     -  
     123,881 
  
    Interest earned on TECO bond (NOTE 7) 
     -  
     171,573 
  
    Dividends and other 
     4,997  
     14,958 
  
    Total investment income 
    $1,316,982  
    $1,480,912 

[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 March 31, 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 March 31, 2025, there is a balance due of $75,615 per the
agreement.

Effective October 1, 2024, the Company extended
its research agreement with the University of Michigan through September