Company: BIVIW
Filing Date: 2025-08-04
Form Type: S-1/A
Source: 0001520138-25-000235
Chunk: 218

Company: BIOVIE INC.
Filing Date: 2025-08-04
Form: S-1/A
Chunk 218
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 minimum lease payments under non-cancelable
operating leases are as follows:

| Schedule of future estimated minimum lease payments under non-cancelable operating leases |     |   |          |   |
|:------------------------------------------------------------------------------------------|:----|:--|---------:|:--|
| Year ending June 30, 2025 (Remaining 3 months)                                            |     | $ |   30,072 |   |
| 2026                                                                                      |     |   |  122,042 |   |
| 2027                                                                                      |     |   |  126,313 |   |
| 2028                                                                                      |     |   |  130,734 |   |
| 2029                                                                                      |     |   |   77,796 |   |
| Total minimum lease payments                                                              |     |   |  486,957 |   |
| Less amount representing interest                                                         |     |   | (120,527 | ) |
| Present value of future minimum lease payments                                            |     |   |  366,430 |   |
| Less current portion of operating lease liability                                         |     |   |  (70,713 | ) |
| Operating lease liability, net of current portion                                         |     | $ |  295,717 |   |

Total cash paid for amounts included in the measurement of lease liabilities
were approximately $88,000 and $49,000 for the nine months ended March 31, 2025 and 2024, respectively.

The weighted average remaining lease term and discount
rate as of March 31, 2025 and June 30, 2024 were as follows:

| Schedule of weighted average remaining lease term and discount rate |     |     | March 31, 2025 |   |     |     | June 30, 2024 |   |
|:--------------------------------------------------------------------|:----|:----|---------------:|:--|:----|:----|--------------:|:--|
| Weighted average remaining lease term (Years)                       |     |     |                |   |     |     |               |   |
| Operating lease                                                     |     |     |            3.8 |   |     |     |           4.6 |   |
| Weighted average discount rate                                      |     |     |                |   |     |     |               |   |
| Operating lease                                                     |     |     |          15.00 | % |     |     |