Company: BIVIW
Filing Date: 2025-07-22
Form Type: S-1/A
Source: 0001520138-25-000216
Chunk: 170

Company: BIOVIE INC.
Filing Date: 2025-07-22
Form: S-1/A
Chunk 170
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2023-07, "Segment Reporting (Topic 280): Improvements to Reportable
Segment Disclosures," to enhance disclosures for significant segment expenses for all public entities required to report segment information
in accordance with ASC 280. The standard did not change the definition of a segment, the method for determining segments or the criteria
for aggregating operating segments into reportable segments. The amendments are effective for fiscal years beginning after December 15,
2023, and interim periods within fiscal years beginning after December 15, 2024. Retrospective adoption is required for all prior periods
presented in the financial statements. The adoption is not expected to have a material impact to our financial statements or disclosures.

In December 2023, the FASB issued ASU 2023-09, "Income
Taxes (Topic 740): Improvements in Income Tax Disclosures" to enhance the transparency and decision usefulness of income tax disclosures.
This amendment requires public companies to disclose specific categories in the rate reconciliation and provide additional information
for reconciling items that meet a quantitative threshold. Additionally, under the amendment entities are required to disclose the amount
of income taxes paid disaggregated by federal, state and foreign taxes, as well as disaggregated by material individual jurisdictions.
Finally, the amendment requires entities to disclose income from continuing operations before income tax expense disaggregated between
domestic and foreign and income tax expense from continuing operations disaggregated by federal, state and foreign. The new rules are
effective for annual periods beginning after December 15, 2024. We will adopt this standard on a prospective basis as allowed by the standard.
The adoption of this standard is not expected to have a material impact on our financial statements.

F-13

4. Investments in U.S. Treasury Bills available-for-sale

The following is a summary of the U.S. Treasury Bills
held at June 30, 2023:

| Schedule of U.S. treasury bills held |     | Amortized  
 Cost Basis |            |     | Gross           
 Unrealized Gain |         |     | Gross           
 Unrealized loss |   |     | Fair  
 Value |            |     | Total                                  
 Accumulated Other Comprehensive Income |         |
|:-------------------------------------|:----|:-----------|-----------:|:----|:----------------|--------:|:----|:----------------|:--|:----|:------|-----------:|:----|:---------------------------------------|--------:|
| U.S. Treasury                        
 Bills due in