SunHydrogen Files Q3 2024 10-Q

TL;DR

SunHydrogen (HYSR) filed its 10-Q for Dec 31, 2024. Check financials.

AI Summary

SunHydrogen, Inc. filed its quarterly report on Form 10-Q for the period ended December 31, 2024. The company, formerly known as Hypersolar, Inc., is incorporated in Nevada and operates in the Semiconductors & Related Devices sector. Its principal executive offices are located in Coralville, Iowa.

Why It Matters

This filing provides investors with an update on SunHydrogen's financial performance and operational status for the third quarter of fiscal year 2024.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it contains financial and operational details that could indicate company performance, but without specific financial data, the risk level is moderate.

Key Players & Entities

• SUNHYDROGEN, INC. (company) — Registrant
• December 31, 2024 (date) — Quarterly period end date
• Hypersolar, Inc. (company) — Former company name
• Nevada (jurisdiction) — State of incorporation
• Coralville, IA (location) — Principal executive offices
• 000-54437 (identifier) — SEC file number

FAQ

Filing Documents

• ea0230220-10q_sunhydro.htm (10-Q) — 480KB
• ea023022001ex31-1_sunhydro.htm (EX-31.1) — 11KB
• ea023022001ex32-1_sunhydro.htm (EX-32.1) — 4KB
• 0001213900-25-011506.txt ( ) — 4039KB
• hysr-20241231.xsd (EX-101.SCH) — 38KB
• hysr-20241231_cal.xml (EX-101.CAL) — 30KB
• hysr-20241231_def.xml (EX-101.DEF) — 213KB
• hysr-20241231_lab.xml (EX-101.LAB) — 389KB
• hysr-20241231_pre.xml (EX-101.PRE) — 230KB
• ea0230220-10q_sunhydro_htm.xml (XML) — 381KB

: FINANCIAL INFORMATION

PART I: FINANCIAL INFORMATION 1 Item 1:

Financial Statements (Unaudited)

Financial Statements (Unaudited) 1 Condensed Balance Sheets 1 Condensed Statements of Operations 2 Condensed Statements of Shareholders' Equity/(Deficit) 3 Condensed Statements of Cash Flows 4 Notes to the Condensed Financial Statements 5 Item 2:

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 14 Item 3:

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 17 Item 4:

Controls and Procedures

Controls and Procedures 18

: OTHER INFORMATION

PART II: OTHER INFORMATION 19 Item 1

Legal Proceedings

Legal Proceedings 19 Item 1A:

Risk Factors

Risk Factors 19 Item 2: Unregistered Sales of Equity Securities and Use of Proceeds 19 Item 3: Defaults Upon Senior Securities 19 Item 4: Mine Safety Disclosures 19 Item 5: Other Information 19 Item 6: Exhibits 19

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. SUNHYDROGEN, INC. CONDENSED BALANCE SHEETS December 31, June 30, 2024 2024 (unaudited) ASSETS CURRENT ASSETS Cash and cash equivalents $ 39,631,955 $ 39,044,795 Prepaid expenses 164,585 - Equity securities, related party - 4,101,402 TOTAL CURRENT ASSETS 39,796,540 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 ( 36,255 ) ( 20,549 ) NET PROPERTY AND EQUIPMENT 147,364 163,070 INTANGIBLE ASSETS Trademark, net of amortization of $ 885 and $ 827 , respectively 257 315 Patents, net of amortization of $ 46,191 and 42,909 , respectively 54,952 58,234 TOTAL INTANGIBLE ASSETS 55,209 58,549 TOTAL OTHER ASSETS 202,573 221,619 TOTAL ASSETS $ 39,999,113 $ 43,367,816 LIABILITIES, PREFERRED STOCK SUBJECT TO REDEMPTION AND SHAREHOLDERS' DEFICIT CURRENT LIABILITIES Accounts payable and other payables $ 361,792 $ 573,127 Accrued expenses 161,497 140,558 Loan payable, related party - 45,829 TOTAL LIABILITIES 523,289 759,514 COMMIMENTS AND CONTINGENCIES - - Series C 10 % Preferred Stock, 6,651 and 8,851 shares issued and outstanding, redeemable value of $ 665,100 and $ 885,100 , respectively 665,100 885,100 SHAREHOLDERS' EQUITY Preferred Stock, $ 0.001 par value; 5,000,000 authorized preferred shares - - Common Stock, $ 0.001 par value; 10,000,000,000 authorized common shares 5,437,338,655 and 5,087,245,974 shares issued and outstanding, respectively 5,437,339 5,087,246 Additional Paid in Capital 130,743,528 128,488,199 Accumulated deficit ( 97,370,143 ) ( 91,852,243 ) TOTAL SHAREHOLDERS' EQUITY 38,810,724 41,723,202 TOTAL LIABILITIES, PREFERRED STOCK SUBJECT TO REDEEMPTION AND SHAREHOLDERS' EQUITY $ 39,999,113 $ 43,367,816 The accompanying notes are an integral part of these unaud

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