Company: HYSR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108125
Chunk: 19

Company: SUNHYDROGEN, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 19
---
 30,
 2025  
    Unrealized
 Loss  
    Fair Value 
as of
 September 30,
 2025 
  
    November 24, 2022 
     13,443,875  
    $7,000,000  
    $        -  
    $           -  
    $        - 
  
    May 24, 2024 
     15,884,744  
     3,139,302  
     -  
     -  
     - 
  
    Total 
     29,328,619  
    $10,139,302  
    $-  
    $-  
    $- 

8.INVESTMENT INCOME

The following table summarizes our investment
income.

    September 30,  2025  
    September 30,  2024 
  
    Interest earned on cash (NOTE 2) 
    $287,799  
    $356,736 
  
    Interest earned on Treasury Bills (NOTE 2) 
     88,653  
     121,202 
  
    Dividends and other 
     718  
     1,785 
  
    Total investment income 
    $377,170  
    $479,723 

9.COMMITMENTS AND CONTINGENCIES

Effective October 1, 2024, the Company extended
its research agreement with the University of Iowa through September 30, 2025. As consideration under the research agreement, the University
of Iowa will receive a maximum of $302,459 from the Company in four equal installments of $75,615. The agreement can be terminated by
either party upon sixty (60) days prior written notice to the other. As of September 30, 2025, we owed the University of Iowa $75,615
under the agreement.

Effective August 4, 2025, the Company extended
its research agreement with the University of Michigan through September 30, 2026. As consideration under the research agreement, the
University of Michigan will receive a maximum of $101,888 from the Company. In the event of early termination by the Company, the Company
will pay all costs accrued by the University as of the date of termination, including non-cancellable obligations. As of September 30,
2025, we owed the University of Michigan $77