Company: HYSR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108125
Chunk: 5

Company: SUNHYDROGEN, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 5
---
     1,022,632  
     - 

    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Repayment of related party note payable 
     -  
     (36,622)
  
    Net proceeds from common stock purchase agreements 
     -  
     2,201,925 
  
    Purchase of Series C preferred shares 
     (1,000,000) 
     - 
  
    NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 
     (1,000,000) 
     2,165,303 

    Net increase (decrease) in cash and cash equivalents 
     (1,163,466) 
     1,461,239 
  
    Cash and cash equivalents - beginning of period 
     34,628,625  
     39,044,795 
  
    Cash and cash equivalents - end of period 
     33,465,159  
     40,506,034 

    SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION 

    Interest paid 
    $-  
    $543 
  
    Taxes paid 
    $-  
    $- 

The accompanying notes are an integral
part of these unaudited condensed financial statements.

4

SUNHYDROGEN,
INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2025

(Unaudited)

1.ORGANIZATION
AND LINE OF BUSINESS

Organization

SunHydrogen, Inc. (the “Company”)
was incorporated in the state of Nevada on February 18, 2009. The Company, based in Coralville, IA began operations on February 19, 2009.

Line of Business

The Company 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.

In parallel,