Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 442

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 7
Chunk 442
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audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB")
and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable
rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance
with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were
we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding
of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal
control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures
to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that
respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial
statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as
evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion

/s/ MaloneBailey, LLP

www.malonebailey.com

We have served as the Company's auditor
since 2018.

Houston, Texas

September 29, 2025

 28 

NEOVOLTA INC.

Balance Sheets

    June 30,  
    June 30, 

    2025  
    2024 
  
    Assets
  
    Current assets: 

    Cash and cash equivalents 
    $794,836  
    $986,427 
  
    Accounts receivable, net 
     2,983,841  
     1,805,980 
  
    Inventory, net 
     2,137,912  
     1,787,308 
  
    Prepaid expenses and other current assets (including prepaid
    inventory in amount of $535,938 and
    -0-  as of June 30, 2025 and 2024, respectively) 
     748,044  
     76,815 
  
    Total current assets