Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 951

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 10
Chunk 951
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 policies
conform to accounting principals generally accepted in the United States of America and have been consistently applied in the preparation
of the financial statements.

Cash and Cash Equivalent 

The Company considers all highly liquid investments
with an original maturity of three months or less to be cash equivalents.

The following table provides detail of our cash
and cash equivalents.

    June 30,
 2025  
    June 30,
 2024 
  
    Cash 
    $27,993,513  
    $29,365,997 
  
    U.S. Treasury bills 
     6,635,112  
     9,678,798 
  
    Total cash and cash equivalents 
    $34,628,625  
    $39,044,795 

The U.S. Treasury bills have a credit quality
indicator of AA/A.

Short Term Investments 

The Company’s short-term investments are
carried at fair value with changes in fair value recognized in net income.

F-7

The following table provides detail of our short-term
investments as of June 30, 2025, which consisted of U.S. Treasury bills with an original maturity of more than three months.

  Purchase Date  Maturity Date  Cost Basis 
of Investment   Fair Value 
of Investment   March 28, 2025  July 1, 2025  $988,969   $999,884   April 4, 2025  July 8, 2025   988,969    999,191   April 11, 2025  July 15, 2025   988,907    998,385         $2,966,845   $2,997,460  

During the year ended June 30, 2025, the Company
recognized a gain on change in fair value of short-term investments of $30,615.

Concentration risk

Cash includes amounts deposited in financial institutions
in excess of insurable Federal Deposit Insurance Company (FDIC) limits. At times throughout the year, the Company may maintain cash balances
in certain bank accounts in excess of the FDIC limits. As of June 30, 2025, the cash balance in excess of the FDIC limits was $33,114,402.
The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk in these accounts.

Use of Estimates