Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 125

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 125
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 any of our current products or any additional products
that we develop in the future is insufficient, or if our product development is delayed, we may be unable to achieve profitability and,
in the event we are unable to secure financing for prolonged periods of time, we may need to temporarily cease operations and, possibly,
shut them down altogether. Furthermore, even if we are able to achieve profitability, we may be unable to sustain or increase such profitability
on a quarterly or annual basis, which would adversely impact our financial condition and significantly reduce the value of our common
stock.

We may experience in the future, delays
or other complications in the design, manufacture, launch and production ramp of our energy storage products which could harm our brand,
business, prospects, financial condition and operating results.

We may encounter unanticipated
challenges, such as supply chain or logistics constraints, that lead to delays in producing and ramping our energy storage products. Any
significant delay or other complication in the production of our products or the development, manufacture, and production ramp of our
future products, including complications associated with expanding our production capacity and supply chain or obtaining or maintaining
regulatory approvals, and/or coronavirus impacts, could materially damage our brand, business, prospects, financial condition and operating
results.

 9 

We may be unable to meet our growing energy
storage production plans and delivery plans, any of which could harm our business and prospects.

Our plans call for achieving
and sustaining significant increases in energy storage systems production and deliveries. Our ability to achieve these plans will depend
upon a number of factors, including our ability to utilize installed manufacturing capacity, achieve the planned production yield and
further increase capacity as planned while maintaining our desired quality levels and optimize design and production changes, and our
suppliers’ ability to support our needs. If we are unable to realize our plans, our brand, business, prospects, financial condition
and operating results could be materially damaged.

We are dependent on our two main component
vendors for our suppliers of batteries, inverters and other raw materials and the inability of these single-source suppliers to deliver
necessary components of our products according to our schedule and at prices, quality levels and volumes acceptable to us, or our inability
to efficiently manage these components, could have a material adverse effect on our financial condition and operating results.

Our products contain numerous
purchased parts which we source globally from direct suppliers, the majority of whom are currently single-source suppliers. Any significant
unanticipated demand would require us to procure