v3.24.3

Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$ (2,046,838)	$ (448,112)
Adjustment to reconcile net income (loss) to net cash (used in) provided by operating activities
Depreciation & amortization expense	9,354	11,005
Stock based compensation expense for services	9,981	72,481
Loss on redemption of marketable securities		188,040
Unrealized (gain)/loss on change in fair value of investment, related party	1,488,285	(285,669)
Change in assets and liabilities :
Prepaid expense	(28,843)
Accounts payable	(79,969)	(12,723)
Accrued expenses	(56,034)	212
NET CASH USED IN OPERATING ACTIVITIES	(704,064)	(474,766)
CASH FLOWS FROM INVESTING ACTIVITIES
Marketable securities purchased		(72,457,347)
Marketable securities redeemed		72,457,347
Purchase of certificate of deposit		(5,014,728)
Redemption of short term investments in corporate securities		3,000,000
NET CASH USED IN INVESTING ACTIVITIES		(2,014,728)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of related party note payable	(36,622)	(26,149)
Net proceeds from common stock purchase agreements	2,201,925	243,975
NET CASH PROVIDED BY FINANCING ACTIVITIES	2,165,303	217,826
Net increase (decrease) in cash and cash equivalents	1,461,239	(2,271,668)
Cash and cash equivalents - beginning of period	39,044,795	37,185,989
Cash and cash equivalents - end of period	40,506,034	34,914,321
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid	543	1,691
Taxes paid
SUPPLEMENTAL DISCLOSURES OF NON CASH TRANSACTIONS
Conversion of Series C Preferred shares to common stock		$ 210,000

The value of the stock converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

+ References

No definition available.

SUNHYDROGEN, INC. 10-Q