Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 1016

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 11
Chunk 1016
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 6/30/2025  
    6/30/2024 
  
    Book income (loss) 
    $(1,727,524) 
    $(2,075,055)
  
    Non-deductible expenses 
     143,419  
     1,535,200 
  
    Depreciation and amortization 
     (1,310) 
     3,455 
  
    Valuation Allowance 
     1,585,415  
     536,400 
  
    Income tax expense 
    $-  
    $- 

Deferred taxes are provided on a liability method,
whereby deferred tax assets are recognized for deductible differences and operating loss and tax credit carry-forward and deferred tax
liabilities are recognized for taxable temporary differences. Temporary differences are the difference between the reported amounts of
assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management,
it is more likely than not that some portion or all the deferred tax assets will not be realized. Deferred tax assets and liabilities
are adjusted for the effects of changes in tax laws and rates on the date of enactment. 

Deferred tax assets are reduced by a valuation
allowance when, in the opinion of management, it is more likely than not that some portion or all the deferred tax assets will not be
realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. 

Net deferred tax liabilities consist of the following
components as of June 30, 2025 and 2024: 

    6/30/2025  
    6/30/2024 
  
    Deferred tax assets: 

    NOL carryover 
    $6,430,334  
    $5,314,015 
  
    Research and development 
     -  
     1,009,530 
  
    Related party accrual 
     -  
     9,625 
  
    Depreciation and amortization 
     11  
     - 
  
    Deferred tax liabilities: 

    Depreciation and amortization 
     -  
     (3,095)

    Less Valuation Allowance 
    $(6,430,345) 
    $(6,330,075)
  
    Income tax expense 
    $-  
    $-