Company: NEOV
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001683168-25-008147
Chunk: 3

Company: NeoVolta Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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243,322) 
    $(964,494)
  
    Adjustments to reconcile net loss to net cash used in operations: 

    Stock compensation expense 
     466,765  
     265,399 
  
    Amortization of ROU asset 
     50,965  
     – 
  
    Provision for expected credit losses/bad debt expense 
     135,800  
     85,250 
  
    Changes in current assets and liabilities 

    Accounts receivable 
     (2,362,338) 
     (229,954)
  
    Inventory 
     977,697  
     19,684 
  
    Prepaid insurance and other current assets 
     (410,074) 
     38,409 
  
    Accounts payable 
     (491,715) 
     211,017 
  
    Accrued expenses 
     433,118  
     (18,342)
  
    Operating lease obligation 
     (50,965) 
     – 
  
    Net cash flows used in operating activities 
     (2,494,069) 
     (593,031)

    Cash flows from financing activities: 

    Borrowings under line of credit 
     250,000  
     – 
  
    Borrowings under short-term notes payable 
     4,199,549  
     – 
  
    Repayments of short-term notes payable 
     (2,660,497) 
     – 
  
    Advance received for Stock Subscription 
     800,000  
     – 

    Net cash flows provided by financing activities 
     2,589,052  
     – 

    Net increase (decrease) in cash and cash equivalents 
     94,983  
     (593,031)

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

    Cash and cash equivalents at end of period 
    $889,819  
    $393,396 

    Supplemental disclosures of cash flow information 

    Cash paid for interest 
    $290,856  
    $– 
  
    Cash paid for income taxes 
     –  
     – 

See accompanying notes to unaudited financial statements.

 7 

NEOVOLTA, INC.

Notes to