Company: BIVIW
Filing Date: 2025-08-08
Form Type: 424B5
Source: 0001520138-25-000247
Chunk: 166

Company: BIOVIE INC.
Filing Date: 2025-08-08
Form: 424B5
Chunk 166
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 5. | Intangible Assets |

The Company’s intangible assets consist of intellectual property
acquired from LAT Pharma, Inc. and are amortized over their estimated useful lives. The following is a summary of the intangible assets
as of June 30, 2024 and 2023:

| Schedule of intangible assets  |     |   | June 30, 2024 |   |     |   | June 30, 2023 |   |
|:-------------------------------|:----|:--|--------------:|:--|:----|:--|--------------:|:--|
| Intellectual Property          |     | $ |     2,293,770 |   |     | $ |     2,293,770 |   |
| Less: Accumulated Amortization |     |   |    (1,886,052 | ) |     |   |    (1,656,675 | ) |
| Intellectual Property, Net     |     | $ |       407,718 |   |     | $ |       637,095 |   |

Amortization expense amounted to $229,377 for each
of the years ended June 30, 2024 and 2023, respectively. The Company amortizes intellectual property over the expected original useful
lives of 10years.

Estimated future amortization expense is as follows:

| Schedule of future amortization expense 
 Year ending June 30,                    
 2025                                    |     |   | 229,377 |
|:----------------------------------------|:----|:--|--------:|
| 2026                                    |     |   | 178,341 |
| Finite lived intangible assets, net     |     | $ | 407,718 |

| 6. | Related Party Transactions |

Equity Transactions with Acuitas

On July 15, 2022, the Company entered into a securities
purchase agreement with Acuitas Group Holdings, LLC (“Acuitas”), the Company’s largest stockholder, pursuant to which
Acuitas agreed to purchase from the Company, in a private placement, (i) an aggregate of 363,636 shares of the Company’s Common
Stock, at a price of $16.50 per share (the “PIPE Shares”), and (ii) a warrant to purchase 727,273 shares of Common Stock (“PIPE
Warrant Shares”), at an exercise price of $18.20, with a term of exercise of