Company: HYSR
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001213900-25-041497
Chunk: 0

Company: SUNHYDROGEN, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 0
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Item 1. Financial Statements.

SUNHYDROGEN, INC.

CONDENSED BALANCE SHEETS

    March 31,  
    June 30, 

    2025  
    2024 

    (unaudited)  

    ASSETS 

    CURRENT ASSETS 

    Cash and cash equivalents 
    $32,199,968  
    $39,044,795 
  
    Prepaid expenses 
     116,934  
     - 
  
    Equity securities, related party 
     -  
     4,101,402 
  
    Short-term investments 
     6,050,914  
     - 

    TOTAL CURRENT ASSETS 
     38,367,816  
     43,146,197 

    OTHER ASSETS 

    PROPERTY & EQUIPMENT 

    Machinery and equipment 
     36,830  
     36,830 
  
    Computers and peripherals 
     11,529  
     11,529 
  
    Vehicle 
     135,260  
     135,260 

     183,619  
     183,619 
  
    Less: accumulated depreciation 
     (43,938) 
     (20,549)

    NET PROPERTY AND EQUIPMENT 
     139,681  
     163,070 

    INTANGIBLE ASSETS 

    Trademark, net of amortization of $913 and $827, respectively 
     229  
     315 
  
    Patents, net of amortization of $47,833  and 42,909, respectively 
     53,310  
     58,234 

    TOTAL INTANGIBLE ASSETS 
     53,539  
     58,549 

    TOTAL OTHER ASSETS 
     193,220  
     221,619 

    TOTAL ASSETS 
    $38,561,036  
    $43,367,816 

    LIABILITIES, PREFERRED STOCK SUBJECT TO REDEMPTION AND SHAREHOLDERS’ DEFICIT 

    CURRENT LIABILITIES 

    Accounts payable and other payables 
    $272,153  
    $573,127 
  
    Accrued expenses 
     134,011  
     140,558 
  
    Loan payable,