Company: HYSR
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001213900-25-041497
Chunk: 27

Company: SUNHYDROGEN, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 27
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 the financial statements.

Results of Operations for the Three Months
ended March 31, 2025 compared to Three Months Ended March 31, 2024

Operating Expenses

Operating
expenses for the three months ended March 31, 2025 were $2,137,689, compared to $1,831,859 for the three months ended March 31, 2024.
The net change of $305,830 in operating expenses consisted primarily of increases in research and development costs offset by decreases
in general and administrative expenses.

Other Income/(Expenses)

Other
income and (expenses) for the three months ended March 31, 2025 were $399,750, compared to $(2,190,305) for the three months ended March
31, 2024. The increase in other income of $2,590,055 was the result of an unrealized gain on the Company’s investments in the current
period whereas the Company had a large loss on the Company’s investments in the same period of the prior year.

Net Loss

For
the three months ended March 31, 2025, our net loss was $1,737,939, compared to a net loss of $4,022,164 for the three months ended March
31, 2024. The decrease in net loss of $2,284,225 was primarily due to an unrealized gain on the Company’s investments in the current
period whereas the Company had a large loss on the Company’s investments in the same period of the prior year. In addition, the
Company has not generated any revenues. 

16

Results of Operations for the Nine Months ended
March 31, 2025 compared to Nine Months Ended March 31, 2024

Operating Expenses

Operating
expenses for the nine months ended March 31, 2025 were $4,432,058, compared to $4,095,471 for the nine months ended March 31, 2024. The
net change of $336,587 in operating expenses consisted primarily of an increase in research and development costs offset by decreases
in selling and marketing expenses and general and administrative expenses.

Other Income/(Expenses)

Other
income and (expenses) for the nine months ended March 31, 2025 were $(2,823,781), compared to $(3,403,512) for the nine months ended March
31, 2024. The decrease in other expense of $579,731