Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 1182

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 15
Chunk 1182
---
  
    $0.012 
  
    Canceled/Expired 
     -  
    $-  
    $- 
  
    Exercised 
     -  
    $-  
    $- 
  
    Options outstanding at June 30, 2024 
     266,894,499  
    $0.011  
    $0.011 

Details of our options outstanding as of June
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)    252,965,911    0.011    1.31    3.93  

Details of our options outstanding as of June
30, 2024, 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)    264,144,499    0.0106    3.16    3.15  

Grant date fair value of the stock options was
calculated using a modified Black Scholes option pricing model. The grant date fair value is recognized as an expense over the term of
the options as they vest or on a straight-line basis. Total stock compensation expense related to the options for the year ended June
30, 2025 and 2024, was $665,058 and $1,307,984, respectively. As of June 30, 2025 there was approximately $1.6 million of unrecognized
compensation cost related to the options, which is expected to be recognized over a remaining weighted-average vesting period of approximately
0.94 years.

F-14

During the year ended June 30, 2025, the significant
assumptions used in the calculation of grant date fair value of the stock options are as follows:

    Risk free interest rate 
     4.09% – 4.25% 
  
    Expected volatility 
     114% – 119% 
  
    Stock price per share 
     $0.0165-$0.0237 
  
    Expected term [1] 
     4.25-