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

Company: SUNHYDROGEN, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 10
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31, 2025, which consisted of U.S. Treasury bills with an original maturity of more than three months.

  Purchase Date  Maturity Date  Cost Basis of 
Investment   Fair Value of 
Investment   January 31, 2025  May 6, 2025  $988,956   $995,883   February 14, 2025  May 27, 2025   988,085    993,404   February 28, 2025  June 10, 2025   988,123    991,853   March 7, 2025  June 17, 2025   1,086,983    1,090,165   March 21, 2025  June 24, 2025   988,996    990,200   March 28, 2025  July 1, 2025   988,970    989,409         $6,030,113   $6,050,914  

During the three months ended March 31, 2025,
the Company recognized a gain on change in fair value of short-term investments of $20,801.

Concentration risk

Cash includes amounts deposited in financial institutions
in excess of insurable Federal Deposit Insurance Company (FDIC) limits. At times throughout the year, the Company may maintain cash balances
in certain bank accounts in excess of the FDIC limits. As of March 31, 2025, the cash balance in excess of the FDIC limits was $30,531,327.
The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk in these accounts.

Use of Estimates

In accordance with accounting
principles generally accepted in the United States, management utilizes estimates and assumptions that affect the reported amounts of
assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements as well as the
reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. These estimates
and assumptions relate to useful lives and impairment of tangible and intangible assets, accruals, income taxes, stock-based compensation
expense, fair value of financial instruments, and other factors. Management believes it has exercised reasonable judgment in deriving
these estimates. Consequently, a change in conditions