Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 408

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 7
Chunk 408
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 be an emerging growth company, we may continue to rely on exemptions
from certain disclosure requirements that are available to smaller reporting companies. Specifically, as a smaller reporting company we
may choose to present only the two most recent fiscal years of audited financial statements in our Annual Reports on Form 10-K and, similar
to emerging growth companies, smaller reporting companies have reduced disclosure obligations regarding executive compensation.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES
ABOUT MARKET RISKS

We are a smaller reporting
company as defined by Rule 12b-2 of the Exchange Act and are not required to provide information required under this item.

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY
DATA

NeoVolta Inc.

Index to Financial Statements

    Report of Independent Registered Public Accounting Firm (PCAOB ID# 206)
    28

    Balance Sheets as of June 30, 2025 and 2024 
    29

    Statements of Operations for the years ended June 30, 2025 and 2024
    30

    Statements of Stockholders’ Equity for the years ended June 30, 2025 and 2024
    31

    Statements of Cash Flows for the years ended June 30, 2025 and 2024 
    32

    Notes to the Financial Statements
    33

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Shareholders and Board of Directors of

NeoVolta, Inc.

Opinion on the Financial Statements

We have audited the accompanying balance
sheets of NeoVolta, Inc. (the “Company”) as of June 30, 2025 and 2024, and the related statements of operations, stockholders’
equity, and cash flows for the years then ended, and the related notes (collectively referred to as the “financial statements”).
In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of June 30,
2025 and 2024, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles
generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our