Company: HYSR
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001213900-25-011506
Chunk: 0

Company: SUNHYDROGEN, INC.
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 8
Chunk 0
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Item 1. Financial Statements.

SUNHYDROGEN, INC.

CONDENSED BALANCE SHEETS

    December 31,  
    June 30, 

    2024  
    2024 

    (unaudited)  

    ASSETS 

    CURRENT ASSETS 

    Cash and cash equivalents 
    $39,631,955  
    $39,044,795 
  
    Prepaid expenses 
     164,585  
     - 
  
    Equity securities, related party 
     -  
     4,101,402 

    TOTAL CURRENT ASSETS 
     39,796,540  
     43,146,197 

    OTHER ASSETS 

    PROPERTY & EQUIPMENT 

    Machinery and equipment 
     36,830  
     36,830 
  
    Computers and peripherals 
     11,529  
     11,529 
  
    Vehicle 
     135,260  
     135,260 

     183,619  
     183,619 
  
    Less: accumulated depreciation 
     (36,255) 
     (20,549)

    NET PROPERTY AND EQUIPMENT 
     147,364  
     163,070 

    INTANGIBLE ASSETS 

    Trademark, net of amortization of $885 and $827, respectively 
     257  
     315 
  
    Patents, net of amortization of $46,191 and 42,909, respectively 
     54,952  
     58,234 

    TOTAL INTANGIBLE ASSETS 
     55,209  
     58,549 

    TOTAL OTHER ASSETS 
     202,573  
     221,619 

    TOTAL ASSETS 
    $39,999,113  
    $43,367,816 

    LIABILITIES, PREFERRED STOCK SUBJECT TO REDEMPTION AND SHAREHOLDERS’ DEFICIT 

    CURRENT LIABILITIES 

    Accounts payable and other payables 
    $361,792  
    $573,127 
  
    Accrued expenses 
     161,497  
     140,558 
  
    Loan payable, related party 
     -  
     45,829 

    TOTAL LIABILITIES