Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 567

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 7
Chunk 567
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 approximate the fair value because of their short maturities.

We
adopted ASC Topic 820 for financial instruments measured as fair value on a recurring basis. ASC Topic 820 defines fair value, established
a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures
about fair value measurements.

Recently Issued Accounting
Pronouncements

Management
reviewed currently issued pronouncements during the year ended June 30, 2025, and does not believe that any recently issued, but not yet
effective, accounting standards if currently adopted would have a material effect on the accompanying condensed financial statements.
Pronouncements are disclosed in notes to the financial statements.

Item 7A. Quantitative and Qualitative Disclosure
About Market Risk.

Not required for a smaller
reporting company.

Item 8. Financial Statements.

All financial information
required by this Item is attached hereto at the end of this report beginning on page F-1 and is hereby incorporated by reference.

Item 9. Changes in and Disagreements with Accountants
on Accounting and Financial Disclosure.

None.

20

Item 9A. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures. 

Our management, with the participation
of our CEO and our Acting CFO, evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and
Rule 15d-15(e) of the Exchange Act) as of the end of the period covered by this report. Based on that evaluation, our CEO and our Acting
CFO concluded that, due to the material weaknesses disclosed below, our disclosure controls and procedures as of the end of the period
covered by this report were not effective to ensure that information required to be disclosed is made known to management and others,
as appropriate, to allow timely decision regarding required disclosure and that the information required to be disclosed by us in reports
that we file or submit under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in
the Commission’s rules and forms and (ii) accumulated and communicated to our management, including our CEO and Acting CFO, or persons
performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Our management, including
our principal executive officer and acting principal financial officer, does not expect that our disclosure controls and procedures or
our internal controls will prevent all error or fraud. A control system, no matter how well conceived and operated, can