Company: HYSR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108125
Chunk: 21

Company: SUNHYDROGEN, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 21
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 the financial statements pursuant to ASC TOPIC 855 and had the following to report.

Effective October 1, 2025, the Company amended
its previous lease agreement for lab space to move from its current office to a new office suite and add a laboratory suite which increased
the total rent to $11,100 per month for the remainder of the lease term through March 31, 2026.

15

Item 2. Management’s Discussion and Analysis
of Financial Condition and Results of Operations.

Cautionary Statement Regarding Forward-Looking
Statements

The information in this
report may contain forward-looking statements. These forward-looking statements involve risks and uncertainties, including statements
regarding our capital needs, business strategy and expectations. Any statements that are not of historical fact may be deemed to be forward-looking
statements. These forward-looking statements involve substantial risks and uncertainties. In some cases you can identify forward-looking
statements by terminology such as “may,” “will,” “should,” “expect,” “plan,”
“intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,”
or “continue”, the negative of the terms or other comparable terminology. Actual events or results may differ materially from
the anticipated results or other expectations expressed in the forward-looking statements. In evaluating these statements, you should
consider various factors, including the risks included from time to time in our reports filed with the Securities and Exchange Commission,
or the SEC. These factors may cause our actual results to differ materially from any forward-looking statements. We disclaim any obligation
to publicly update these statements, or disclose any difference between actual results and those reflected in these statements, except
as may be required under applicable law.

Unless the context otherwise
requires, references in this Form 10-Q to “we,” “us,” “our,” “SunHydrogen” or the “Company”
refer to SunHydrogen, Inc.

Overview

At SunHydrogen, our goal is
to replace fossil fuels with clean, renewable hydrogen.

Hydrogen is the most abundant
chemical element in the universe. When hydrogen fuel is used to power transportation and industry, the only byproduct left behind is pure
water, unlike hydrocarbon fuels such as oil, coal and natural gas that emit carbon dioxide and other harmful pollutants into the atmosphere.
However, naturally occurring elemental hydrogen is rare - so rare, in fact, that today about 95% of hydrogen is produced from steam reforming
of natural gas