Company: HYSR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108125
Chunk: 0

Company: SUNHYDROGEN, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 0
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Item 1. Financial Statements.

SUNHYDROGEN, INC.

CONDENSED BALANCE SHEETS

    September 30,  
    June 30, 

    2025  
    2025 

    (unaudited)  

    ASSETS 

    CURRENT ASSETS 

    Cash and cash equivalents 
    $33,465,159  
    $34,628,625 
  
    Accounts receivable, related party 
     1,250  
     - 
  
    Prepaid expenses 
     70,035  
     72,313 
  
    Interest receivable 
     30,773  
     25,223 
  
    Short-term investments 
     1,978,096  
     2,997,460 

    TOTAL CURRENT ASSETS 
     35,545,313  
     37,723,621 

    OTHER ASSETS 

    PROPERTY & EQUIPMENT 

    Machinery and equipment 
     36,830  
     36,830 
  
    Vehicle 
     152,260  
     152,260 

     189,090  
     189,090 
  
    Less: accumulated depreciation 
     (49,194) 
     (40,660)

    NET PROPERTY AND EQUIPMENT 
     139,896  
     148,430 

    INTANGIBLE ASSETS 

    Trademark, net of amortization of $971 and $942, respectively 
     171  
     200 
  
    Patents, net of amortization of $51,114 and $49,474, respectively 
     50,029  
     51,669 

    TOTAL INTANGIBLE ASSETS 
     50,200  
     51,869 

    TOTAL OTHER ASSETS 
     190,096  
     200,299 

    TOTAL ASSETS 
    $35,735,409  
    $37,923,920 

    LIABILITIES, PREFERRED STOCK SUBJECT TO REDEMPTION AND SHAREHOLDERS’ DEFICIT 

    CURRENT LIABILITIES 

    Accounts payable and other payables 
    $668,148  
    $527,619 
  
    Accrued expenses 
     98,694  
     147,323