Company: HYSR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108125
Chunk: 16

Company: SUNHYDROGEN, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 16
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 2025 
     428,965,911  
    $0.013  
    $0.012 

Details of our options outstanding as of September
30, 2025, is as follows:

  Options Exercisable   Weighted Average Exercise Price of Options Exercisable   Weighted Average Contractual Life of Options Exercisable (Years)   Weighted Average Contractual Life of Options Outstanding (Years)    253,215,911    0.011    1.97    3.67  

Total stock compensation expense related to the
options for the three months ended September 30, 2025 and 2024, was $279,367 and $9,981, respectively. As of September 30, 2025 there
was approximately $1.3 million of unrecognized compensation cost related to the options, which is expected to be recognized over a remaining
weighted-average vesting period of approximately 0.6 years.

Warrants

Transactions involving our warrants are summarized
as follows:

    Weighted 

    Number of  
    Average 

    Shares  
    Exercise Price 
  
    Warrants outstanding at June 30, 2025 
     78,095,239  
    $0.121 
  
    Issued 
     -  
    $- 
  
    Canceled/Expired 
     -  
    $- 
  
    Exercised 
     -  
    $- 
  
    Warrants outstanding at September 30, 2025 
     78,095,239  
    $0.121 

12

Details of our warrants outstanding as of September
30, 2025, is as follows:

  Warrants Exercisable   Weighted Average Contractual Life of Warrants Outstanding and Exercisable (Years)    78,095,239    0.67  

7.EQUITY SECURITIES, RELATED PARTY

On November 11, 2022, the Company entered into
a subscription agreement with TECO 2030 ASA (“TECO”). TECO is a Norwegian based clean tech company developing zero-emission
technology for the maritime and heavy industry. They are developing PEM hydrogen fuel cell stacks and PEM hydrogen fuel cell modules,
that enable ships and other heavy-duty applications to become emissions-free. TECO was listed on Euronext Growth on Oslo Stock Exchange