HYSR — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-09-25

• Hydrogen is already a significant industrial commodity. Roughly half of global consumption goes into ammonia, most of which becomes fertilizer, and methanol, with oil refining accounting for much of the remainder, and smaller and emerging use in steelmaking and as a fuel. Free hydrogen is rare on Ea…

• We are developing photoelectrochemical, or PEC, panels that produce renewable hydrogen from sunlight and water. Sunlight absorbed by the semiconductor generates photovoltage and charge carriers that drive photoelectrochemical oxidation and reduction reactions at catalyst surfaces, producing hydrogen…

• We have not determined the commercial model through which we will generate revenue. We may sell hydrogen panels to customers who own and operate them, sell hydrogen produced by systems we own or operate, license our technology to manufacturers, or pursue some combination of these approaches. Our cur…

• We are pursuing two pathways to this architecture. The first uses commercially available, mass-produced thin film solar modules that are re-engineered with our proprietary hydrogen module design, which allows them to be manufactured on existing solar production lines without modifying those lines. T…

• On the thin film pathway, working with CTF Solar GmbH, we have progressed from small-area laboratory devices to hydrogen modules having a nominal aperture area of 1.92 square meters, which is the standard size of a commercial solar module, and we have built multiple hydrogen reactors incorporating t…

Text removed vs the prior filing · source: 10-K · 2025-09-15

• Unless otherwise stated or the context requires otherwise, references in this annual report on Form 10-K to “SunHydrogen”, the “Company”, “we”, “us”, or “our” refer to SunHydrogen, Inc.

• Hydrogen is the most abundant chemical element in the universe. When hydrogen fuel is used to power transportation and industry, the only byproduct left behind is pure water, unlike hydrocarbon fuels such as oil, coal and natural gas that emit carbon dioxide and other harmful pollutants into the atm…

• SunHydrogen is developing an efficient and cost-effective way to produce truly renewable hydrogen using sunlight and any source of water. Our innovative solar hydrogen technology uses abundant and low-cost materials, requires no external power other than sunlight, and is designed with scalability in…

• We believe renewable hydrogen has already proven itself to be a key solution in helping the world meet climate targets, and we believe our technology potentially offers solutions to the challenges that the hydrogen future presents, including the cost of production and transportation. Many fossil fue…

• Additionally, because our process directly uses the electrical charges created by sunlight to generate hydrogen, our technology does not rely on grid power or require the costly power electronics that conventional electrolyzers do.

Text added vs the prior filing · source: 10-K · 2026-09-25

• An investment in our common stock involves a high degree of risk. You should carefully consider the following risks, together with the other information in this report, before deciding to invest. Our business, financial condition, and results of operations could be materially and adversely affected …

• Risks related to our financial condition and need for capital

• We have generated no revenue from the sale of our products, we have incurred losses since inception, and we may never become profitable.

• We were formed in February 2009 and have not generated any revenue from the sale of our products. We recognized $1,250 of revenue during the fiscal year ended June 30, 2026 from consulting services provided to a related party, and no revenue in the prior fiscal year. As of June 30, 2026 we had an ac…

• We will require substantial additional capital, and the equity purchase agreement that had been our principal source of funding expired during the fiscal year.

Text removed vs the prior filing · source: 10-K · 2025-09-15

• Our limited operating history does not afford investors a sufficient history on which to base an investment decision.

• We were formed in February 2009 and are currently developing a new technology that has not yet gained market acceptance. There can be no assurance that we will ever commercialize our technology, operate profitably or that we will have adequate working capital to meet our obligations as they become d…

• Investors must consider the risks and difficulties frequently encountered by early-stage companies, particularly in rapidly evolving markets. Such risks include the following:

• ● ability to effectively manage rapidly expanding operations;

• ● amount and timing of operating costs and capital expenditures relating to expansion of our business, operations, and infrastructure; and

Text added vs the prior filing · source: 10-K · 2026-09-25

• Certain statements in this Annual Report are not historical facts and are forward-looking statements. Forward-looking statements present our expectations or forecasts of future events, and can often be identified by words such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anti…

• Forward-looking statements in this report should be read together with the risks described under Item 1A, Risk Factors, and with the other information in this report. Subsequent written and oral forward-looking statements attributable to us, or to persons acting on our behalf, are expressly qualifie…

• We are a development stage company and have not generated significant revenue since our inception in February 2009. Our operating expenses consist primarily of research and development expenses and general and administrative expenses. We have funded our operations principally through sales of our eq…

• Results of Operations for the Year Ended June 30, 2026 compared to the Year Ended June 30, 2025

• Revenues for the year ended June 30, 2026 were $1,250, compared to $0 for the year ended June 30, 2025. The net change of $1,250 in revenue was due to the Company providing consulting services to a related party during the year ended June 30, 2026 with no similar consulting services provided in the …

Text removed vs the prior filing · source: 10-K · 2025-09-15

• Certain statements in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” below, and elsewhere in this annual report, are not related to historical results, and are forward-looking statements.

• Forward-looking statements present our expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements involve known and unknown risks, uncertainties and other factors that may cause our actua…

• Subsequent written and oral forward looking statements attributable to us or to persons acting in our behalf are expressly qualified in their entirety by the cautionary statements and risk factors set forth below and elsewhere in this annual report, and in other reports filed by us with the SEC.

• At SunHydrogen, our goal is to replace fossil fuels with clean, renewable hydrogen.

• Hydrogen is the most abundant chemical element in the universe. When hydrogen fuel is used to power transportation and industry, the only byproduct left behind is pure water, unlike hydrocarbon fuels such as oil, coal and natural gas that emit carbon dioxide and other harmful pollutants into the atm…