Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 69

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 69
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2023, we amended our
master supply agreement and purchased bulk raw-materials inventory from our former contract manufacturer; on June 1, 2023, we assumed
direct responsibility for manufacturing NV14/NV24 systems and hired key personnel who previously supported those activities. In February
2025, we secured a larger Poway facility to accommodate growth in these product lines.

Other NeoVolta products—including
NVPlus, the NV7600 stand-alone inverter, and newly announced offerings—are manufactured through qualified contract partners under
NeoVolta specifications. We manage supplier selection, production planning, and quality control, and we perform firmware configuration
and final acceptance testing as appropriate before shipment.

 7 

Our manufacturing processes
emphasize traceability and compliance. For NV14/NV24, we track components from receipt through final build, recording serial numbers,
torque settings, and required test results prior to packaging. All units are released only after passing defined quality checkpoints.
For partner-manufactured products, we apply incoming inspection protocols aligned to our specifications and certifications.

We source critical components
from suppliers in the United States and Asia. To mitigate risks from supply chain disruptions, tariffs, or component shortages, we maintain
buffer stocks of key NV14/NV24 components, pursue multi-sourcing arrangements, and coordinate production schedules with our partners.
In addition, we are actively working to increase domestic content across our products and to ensure that our supply chain is compliant
with Foreign Entity of Concern (FEOC) requirements, which will become increasingly important for eligibility under federal incentive programs.

Employees

As of June 30, 2025, we had
17 full-time employees. Our Chief Executive Officer oversees overall company strategy, sales, and product development, while our Chief
Financial Officer manages finance and administration. Our Poway facility staff is primarily focused on manufacturing and quality control
for our NV14 and NV24 systems, supported by supply chain, technical support, and sales and marketing personnel.

We also engage outside consultants
and contractors for specialized functions, including research and development, regulatory compliance, and market development. From time
to time, we may enter into specific contracts for non-recurring projects to supplement our workforce.

We consider our relationship
with employees to be good. None of our employees are represented by a labor union, and we have not experienced any work stoppages.

Access to Information

Our website is at www.neovolta.com.
We make available, free of charge, on our corporate website, our annual report on