Company: NEOV
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001683168-25-008147
Chunk: 52

Company: NeoVolta Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 52
---
 higher prices for our products or absorbing them internally, or some
combination of those two alternatives. Either circumstance would likely materially adversely affect our sales and/or our profitability.

Off-Balance Sheet Arrangements

We have no obligations, assets
or liabilities which would be considered off-balance sheet arrangements as defined in Item 303 of Regulation S-K.

Critical Accounting Policies and Estimates

Our discussion and analysis
of our financial condition and results of operations are based on financial statements which have been prepared in accordance with generally
accepted accounting principles in the United States. The preparation of these financial statements requires us to make estimates and judgments
that affect the reported amounts of assets, liabilities, revenues and expenses. We believe that certain accounting policies affect our
more significant judgments and estimates used in the preparation of our financial statements. See “Note 1. Business and Summary
of Significant Accounting Policies” of the Notes to Financial Statements set forth above and under “Item 8. Financial Statements
and Supplementary Data” of our Annual Report on Form 10-K for the year ended June 30, 2025, as filed with the SEC on September 29,
2025, for a further description of our critical accounting policies and estimates.

ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Information for this Item
is not required as the Registrant is a “smaller reporting company” as defined in Rule 12b-2 of the Exchange Act.

ITEM 4.CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

We have established and maintain
a system of disclosure controls and procedures that are designed to provide reasonable assurance that information required to be disclosed
in our reports filed with the Securities and Exchange Commission pursuant to the Exchange Act, is recorded, processed, summarized and
reported within the time periods specified in the rules and forms of the Commission and that such information is accumulated and communicated
to our management, including our Chief Executive Officer, who is our principal executive officer, and Chief Financial Officer, who is
our principal financial and accounting officer, to allow timely decisions regarding required disclosures.

As of September 30, 2025,
our Chief Executive Officer and Chief Financial Officer evaluated the effectiveness of the design and operation of our disclosure controls
and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act). Based on that evaluation, our Chief Executive Officer
and Chief Financial Officer have concluded that, as a result