Company: BIVIW
Filing Date: 2025-08-08
Form Type: 424B5
Source: 0001520138-25-000247
Chunk: 169

Company: BIOVIE INC.
Filing Date: 2025-08-08
Form: 424B5
Chunk 169
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 of approximately $390,000 and the Loan Premium of $850,000
are being amortized using the effective interest method over the term of the Loan. The adjusted effective interest rate is 27%.

Total interest expense for the year ended June 30,
2024 was approximately $2.9 million on the accompanying statement of operations and comprehensive loss. Interest expense was comprised
of interest incurred on the outstanding principal of the loan of approximately $1.5 million, amortization of financing costs of approximately
$109,000, amortization of the unearned discount of $1.0 million, and the accretion of the Loan Premium of approximately $237,000.

Total interest expense for the year ended June 30,
2023 was approximately $4.3 million on the accompanying statement of operations and comprehensive loss. Interest expense was comprised
of interest incurred on the outstanding principal of the loan of approximately $2.1 million, amortization of financing costs of approximately
$170,000, amortization of the unearned discount of $1.6 million, and the accretion of the Loan Premium of approximately $422,000.

As of June 30, 2024, the remaining principal balance
of $5.0 million under the Loan is payable in 6 monthly equal installments. For the year ended June 30, 2024, the Company paid back $10
million, of the original loan of $15 million.

F-15

| 7. | Notes Payable (continued) |

The following is a summary of the Notes Payable as of June 30, 2024 and
2023:

Current portion of Notes Payable

| Schedule of note payable                                                                |     |   | June 30, 2024 |   |     |   | June 30, 2023 |   |
|:----------------------------------------------------------------------------------------|:----|:--|--------------:|:--|:----|:--|--------------:|:--|
| Current portion of Notes Payable                                                        |     | $ |     5,000,000 |   |     | $ |    10,000,000 |   |
| Less: debt financing costs                                                              |     |   |       (11,820 | ) |     |   |      (108,751 | ) |
| Less: unearned discount                                                                 |     |   |      (111,212 | ) |     |   |    (1,023,145 | ) |
|