Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 209

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 209
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 assets and liabilities 

    Accounts receivable 
     (1,630,876) 
     (519,595)
  
    Inventory 
     131,864  
     703,263 
  
    Prepaid expenses and other current assets 
     (606,429) 
     19,304 
  
    Accounts payable 
     683,900  
     5,316 
  
    Accrued expenses 
     23,150  
     16,293 
  
    Operating lease obligation 
     (80,570) 
     – 
  
    Net cash flows used in operating activities 
     (4,425,752) 
     (1,016,362)

    Cash flows from financing activities: 

    Proceeds of private equity offering 
     1,087,000  
     – 
  
    Borrowings under line of credit 
     500,000  
     – 
  
    Repayments of line of credit 
     (116,462) 
     – 
  
    Borrowings under short-term nots payable 
     5,106,343  
     – 
  
    Repayments of short-term nots payable 
     (2,503,120) 
     – 
  
    Proceeds from exercise of common stock warrants 
     160,400  
     – 
  
    Net cash flows from financing activities 
     4,234,161  
     – 

    Net decrease in cash and cash equivalents 
     (191,591) 
     (1,016,362)

    Cash and cash equivalents at beginning of period 
     986,427  
     2,002,789 

    Cash and cash equivalents at end of period 
    $794,836  
    $986,427 

    Supplemental disclosures of cash flow information: 

    Cash paid for interest 
    $136,580  
    $– 
  
    Cash paid for income taxes 
     –  
     – 

    Supplemental investing and financing activities: 

    ROU asset recognized from operating lease 
    $221,110  
    $– 

See Accompanying Notes to Financial Statements.

 32 

NEOVOLTA INC.

Notes to Financial Statements

June 30, 2025

(1) Business and Summary of