Company: HYSR
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001213900-25-041497
Chunk: 9

Company: SUNHYDROGEN, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 9
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is used.

SunHydrogen is developing
an efficient and cost-effective way to produce green hydrogen using sunlight and any source of water.
Just like a solar panel is comprised of multiple cells that generate electricity, our hydrogen panel encases multiple hydrogen
generators immersed in water. Each hydrogen generator contains billions of electroplated nanoparticles, autonomously splitting water into
hydrogen and oxygen. We believe our technology has the potential to be one of – if not the most – economical green hydrogen
solutions: Unlike traditional water electrolysis for hydrogen, our process requires no external power other than sunlight and uses efficient
and low-cost materials.

2.SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES

Basis of Presentation

The accompanying unaudited condensed financial
statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim
financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulations S-X. Accordingly, they do not include all of
the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of
management, all normal recurring adjustments considered necessary for a fair presentation have been included. Operating results for the
three and nine months ended March 31, 2025 are not necessarily indicative of the results that may be expected for the year ended June
30, 2025. For further information refer to the financial statements and footnotes thereto included in the Company’s Form 10-K for
the year ended June 30, 2024.

Cash and Cash Equivalent 

The Company considers all highly liquid investments
with an original maturity of three months or less to be cash equivalents.

The following table provides detail of our cash
and cash equivalents.

    March 31,  2025  
    June 30, 2024 
  
    Cash 
    $28,241,720  
    $29,365,997 
  
    U.S. Treasury bills 
     3,958,248  
     9,678,798 
  
    Total cash and cash equivalents 
    $32,199,968  
    $39,044,795 

The U.S. Treasury bills have a credit quality
indicator of AA/A.

5

Short Term Investments 

The Company’s short-term investments are
carried at fair value with changes in fair value recognized in net income.

The following table provides detail of our short-term
investments as of March