Company: BIVIW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001520138-25-000144
Chunk: 30

Company: BIOVIE INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 respectively.  The total
stock-based compensation expense from restricted stock units for the nine months ended March 31, 2025 and 2024 was approximately $888,000
and $1.0 million, respectively.  

     17 

Stock Warrants

The following table summarizes the warrants activity during the nine months
ended March 31, 2025:

    Summary of warrants activity 

    Number of Shares  
    Weighted Average Exercise Price  
    Weighted Average Remaining Life (Years)  
    Aggregate Intrinsic Value 
  
    Outstanding and exercisable at June 30, 2024 
     1,932,029  
    $14.03  
     4.0  
    $- 
  
    Granted 
     10,181,640  
     1.65  
     4.8  
     - 
  
    Exercised 
     (2,502,967) 
     1.53  
     -  
     - 
  
    Expired 
     (10,138) 
     21.94  
     -  
     - 
  
    Outstanding and exercisable at March 31, 2025 
     9,600,564  
    $3.50  
     4.3  
    $- 

The table below shows the expiration of the warrants
outstanding as of March 31, 2025:

    Schedule of warrants outstanding 

    Number of Warrants 

    Expiring June 30, 2025 
     - 
  
    2026 
     3,518 
  
    2027 
     36,100 
  
    2028 
     727,273 
  
    2029 
     1,155,000 
  
    2030 
     7,678,673 
  
    Total outstanding warrants 
     9,600,564 

    9.
    Leases

Office Leases 

The Company pays an annual rent of $2,200
for its headquarters at 680 W Nye Lane, Suite 201, Carson City Nevada 89703. The rental agreement was for a one-year 1 term,
commenced on October 1, 2023, and has been subsequently renewed for another year at the same rate.

The Company’s San Diego