Company: BIVIW
Filing Date: 2025-07-22
Form Type: S-1/A
Source: 0001520138-25-000216
Chunk: 186

Company: BIOVIE INC.
Filing Date: 2025-07-22
Form: S-1/A
Chunk 186
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| Operating lease, right-of-use asset, net                        |     | $ |       406,726 |     | $ |        80,789 |
| Liabilities                                                     |     |   |               |     |   |               |
| Current portion of operating lease liability                    |     | $ |        60,343 |     | $ |        44,909 |
| Operating lease liability, net of current portion               |     |   |       349,894 |     |   |        42,505 |
| Total operating lease liability                                 |     | $ |       410,237 |     | $ |        87,414 |

At June 30, 2024, the future estimated minimum lease payments under non-cancelable
operating leases are as follows:

| Schedule of future estimated minimum lease payments 
 under non-cancelable operating leases               
 Year ending June 30,                                
 2025                                                |     |   |  117,915 |   |
|:----------------------------------------------------|:----|:--|---------:|:--|
| 2026                                                |     |   |  122,042 |   |
| 2027                                                |     |   |  126,313 |   |
| 2028                                                |     |   |  130,734 |   |
| 2029                                                |     |   |   77,796 |   |
| Total minimum lease payments                        |     |   |  574,800 |   |
| Less amount representing interest                   |     |   | (164,563 | ) |
| Present value of future minimum lease payments      |     |   |  410,237 |   |
| Less current portion of operating lease liability   |     |   |  (60,343 | ) |
| Operating lease liability, net of current portion   |     | $ |  349,894 |   |

Total cash paid for amounts included in the measurement of lease liabilities
were $83,910 and $50,600 for the years ended June 30, 2024 and 2023, respectively.

The weighted average remaining lease term and discount
rate as of June 30, 2024 and 2023 were as follows:

| Schedule of weighted average remaining lease term and discount rate |     |     | June 30, 2024 |   |     |     | June 30, 2023 |   |
|:--------------------------------------------------------------------|:----