Company: HYSR
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001213900-25-011506
Chunk: 9

Company: SUNHYDROGEN, INC.
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 8
Chunk 9
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  5 Years   Vehicle   5 Years  

The Company recognized
depreciation expense of $15,706 and $18,411 for the six months ended December 31, 2024 and 2023, respectively. 

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   December 31,  2024      June 30, 2024                       Trademark-gross   10 years   $ 1,142     $ 1,142    Less accumulated amortization         (885 )     (827 )  Trademark-net       $ 257     $ 315                           Patents-gross   15 years   $ 101,143     $ 101,143    Less accumulated amortization         (46,191 )     (42,909 )  Patents-net       $ 54,952     $ 58,234   

The Company recognized amortization expense of
$3,340 and $3,369 for the six months ended December 31, 2024 and 2023, respectively.

Future Amortization Expense

    Year 
    Amount 
  
    2025 (remaining) 
    $3,340 
  
    2026 
     6,622 
  
    2027 
     6,622 
  
    2028 
     6,650 
  
    2029 
     6,565 
  
    Thereafter 
     25,410 

    $55,209 

6

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 360 requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment
are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts