Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 1086

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 13
Chunk 1086
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 multiple cells that generate electricity, our hydrogen panel encases multiple
hydrogen generators immersed in water. Each hydrogen generator contains billions of electroplated nanoparticles, autonomously splitting
water into hydrogen and oxygen. We believe our technology has the potential to be one of – if not the most – economical renewable
hydrogen solutions: Unlike traditional water electrolysis for hydrogen, our process requires no external power other than sunlight and
uses efficient and low-cost materials.

2.SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES

Basis of Presentation

This summary of significant accounting policies
of SunHydrogen, Inc. is presented to assist in understanding the Company’s financial statements. The financial statements and notes
are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies
conform to accounting principals generally accepted in the United States of America and have been consistently applied in the preparation
of the financial statements.

Cash and Cash Equivalent 

The Company considers all highly liquid investments
with an original maturity of three months or less to be cash equivalents.

The following table provides detail of our cash
and cash equivalents.

    June 30,
 2025  
    June 30,
 2024 
  
    Cash 
    $27,993,513  
    $29,365,997 
  
    U.S. Treasury bills 
     6,635,112  
     9,678,798 
  
    Total cash and cash equivalents 
    $34,628,625  
    $39,044,795 

The U.S. Treasury bills have a credit quality
indicator of AA/A.

Short Term Investments 

The Company’s short-term investments are
carried at fair value with changes in fair value recognized in net income.

F-7

The following table provides detail of our short-term
investments as of June 30, 2025, which consisted of U.S. Treasury bills with an original maturity of more than three months.

  Purchase Date  Maturity Date  Cost Basis 
of Investment   Fair Value 
of Investment   March 28, 2025  July 1, 2025  $988,969   $999,884   April 4, 2025  July 8, 2025   988,969    999,191   April 11, 2025  July 15, 2025   988,907