Company: BIVIW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001520138-25-000144
Chunk: 0

Company: BIOVIE INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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BioVie Inc.

Condensed Balance Sheets

(Unaudited)

    March 31,  
    June 30, 

    2025  
    2024 
  
    ASSETS 

    CURRENT ASSETS: 

    Cash and cash equivalents 
    $23,152,014  
    $23,843,798 
  
    Prepaid and other current assets 
     569,527  
     204,392 
  
    Total current assets 
     23,721,541  
     24,048,190 

    Operating lease right-of-use asset, net 
     357,278  
     406,726 
  
    Intangible assets, net 
     235,685  
     407,718 
  
    Goodwill 
     345,711  
     345,711 

    TOTAL ASSETS 
    $24,660,215  
    $25,208,345 

    LIABILITIES AND STOCKHOLDERS' EQUITY 

    CURRENT LIABILITIES: 

    Accounts payable and accrued expenses 
    $2,475,840  
    $3,586,912 
  
    Current portion of operating lease liability 
     70,713  
     60,343 
  
    Current portion of notes payable, net of financing cost, unearned premium and discount of $701,210 at June 30, 2024 
     -  
     5,701,210 
  
    Warrant liability 
     -  
     3,771 
  
    Total current liabilities 
     2,546,553  
     9,352,236 

    Operating lease liability, net of current portion 
     295,717  
     349,894 
  
    TOTAL LIABILITIES 
     2,842,270  
     9,702,130 

    Commitments and contingencies (Note 10) 

    STOCKHOLDERS' EQUITY: 

    Preferred stock; $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding 
     -  
     - 
  
    Common stock, $0.0001 par value; 800,000,000 shares authorized at March 31, 2025 and June 30, 2024; 18,