Company: HYSR
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001213900-25-041497
Chunk: 11

Company: SUNHYDROGEN, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 11
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 could affect these estimates.  

Property and Equipment

Property and equipment
are stated at cost and are depreciated using straight line over their estimated useful lives.

  Computers and peripheral equipment  5 Years  Vehicle  5 Years 

The Company recognized
depreciation expense of $23,389 and $27,124 for the nine months ended March 31, 2025 and 2024, respectively. 

6

Intangible Assets

The Company has patent applications to protect
the inventions and processes behind its proprietary bio-based back-sheet, a protective covering for the back of photovoltaic solar modules
traditionally made from petroleum-based film. Intangible assets that have finite useful lives continue to be amortized over their useful
lives.

     Useful Lives  March 31, 
2025   June 30, 2024                 Trademark-gross  10 years  $1,142   $1,142   Less accumulated amortization      (913)   (827)  Trademark-net     $229   $315                   Patents-gross  15 years  $101,143   $101,143   Less accumulated amortization      (47,833)   (42,909)  Patents-net     $53,310   $58,234  

The Company recognized amortization expense of
$5,010 and $5,038 for the nine months ended March 31, 2025 and 2024, respectively.

Future Amortization Expense

    Year 
    Amount 
  
    2025 (remaining) 
    $1,670 
  
    2026 
     6,679 
  
    2027 
     6,650 
  
    2028 
     6,565 
  
    2029 
     6,565 
  
    Thereafter 
     25,410 

    $53,539 

Impairment of Long-lived Assets

The Company applies the provisions of ASC 360,
Property, Plant and Equipment, where applicable to all long-lived assets. ASC 360 addresses accounting and reporting for impairment and
disposal of long-lived assets. The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance
with ASC 360. ASC