Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 241

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 1C
Chunk 241
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 equipment   5 Years   Vehicle   5 Years  

The Company recognized
depreciation expense of $31,641 and $35,247 for the year ended June 30, 2025 and 2024, respectively. 

Intangible Assets

The Company has patent applications to protect
the inventions and processes behind its proprietary bio-based back-sheet, a protective covering for the back of photovoltaic solar modules
traditionally made from petroleum-based film. Intangible assets that have finite useful lives continue to be amortized over their useful
lives.

      Useful Lives   June 30, 2025     June 30,  2024                       Trademark-gross   10 years   $ 1,142     $ 1,142    Less accumulated amortization         (942 )     (827 )  Trademark-net       $ 200     $ 315                           Patents-gross   15 years   $ 101,143     $ 101,143    Less accumulated amortization         (49,474 )     (42,909 )  Patents-net       $ 51,669     $ 58,234   

F-8

The Company recognized amortization expense of
$6,679 and $6,708 for the year ended June 30, 2025 and 2024, respectively.

Future Amortization Expense

    Year 
    Amount 
  
    2026 
    $6,679 
  
    2027 
     6,650 
  
    2028 
     6,565 
  
    2029 
     6,565 
  
    2030 
     6,564 
  
    Thereafter 
     18,846 

    $51,869 

Impairment of Long-lived Assets

The Company applies the provisions of ASC 360,
Property, Plant and Equipment, where applicable to all long-lived assets. ASC 360 addresses accounting and reporting for impairment and
disposal of long-lived assets. The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance
with ASC 360. ASC 360 requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment
are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts.
In that