Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 417

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 4
Chunk 417
---
 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 could affect these estimates.  

Property and Equipment

Property and equipment
are stated at cost and are depreciated using straight line over their estimated useful lives.

  Computers and peripheral 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