Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 1144

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 14
Chunk 1144
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COME

The following table summarizes our investment
income.

    Year Ended
 June 30, 
2025  
    Year Ended
 June 30,
 2024 
  
    Interest earned on cash (NOTE 2) 
    $1,256,615  
    $455,772 
  
    Interest earned on Treasury Bills considered cash equivalents (NOTE 2) 
     415,716  
     1,136,520 
  
    Interest earned on Treasury Bills considered short-term investments (NOTE 2) 
     58,857  

    Interest earned on Certificates of Deposit [1] 
     -  
     123,881 
  
    Interest earned on TECO bond (NOTE 7) 
     -  
     54,375 
  
    Interest earned on TECO bond (NOTE 8) 
     -  
     226,094 
  
    Dividends and other 
     6,228  
     17,332 
  
    Total investment income 
    $1,737,416  
    $2,013,974 

[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 June 30, 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 June 30, 2025, there is a balance