Company: BIVIW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001520138-25-000343
Chunk: 23

Company: BIOVIE INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 operating decision maker, manages and allocates resources to the operations of the Company based
on the line items included within these condensed financial statements and segment performance is evaluated based on net loss. This enables
the CEO to assess the overall level of available resources and determine how best to deploy these resources across functions, clinical
trials, and development projects in line with the long-term company-wide strategic goals. The measurement of segment assets is reported
on the condensed balance sheet as total assets. All of the Company’s tangible assets are held in the United States.

The following table presents selected financial
information with respect to the Company’s single operating segment and its significant segment expenses for the three months ended
September 30, 2025 and 2024:

    Schedule of segment reporting information 

    Three months ended  
    Three months ended 

    September 30, 2025  
    September 30, 2024 

    Clinical studies 
    $1,822,000  
    $643,000 
  
    Clinical teams 
     967,000  
     841,000 
  
    Chemistry, manufacturing and controls 
     47,000  
     455,000 
  
    Other research and development expenses 
     101,000  
     51,000 
  
    Selling, general and administrative expenses 
     2,291,000  
     2,075,000 
  
    Amortization of intangible assets 
     57,000  
     57,000 
  
    Other (income) expense, net 
     (197,000) 
     30,000 
  
    Net loss 
    $(5,088,000) 
    $(4,152,000)

20

Item 2. Management’s Discussion and Analysis of Financial
Condition and Results of Operations

This report contains forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as
amended. Any statements contained in this report that are not statements of historical fact may be forward-looking statements. When we
use the words “intends,” “estimates,” “predicts,” “potential,” “continues,”
“anticipates,” “plans,” “expects,” “believes,” “should,” “could,”
“may,” “will” or the negative of these terms or