Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 81

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 81
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, and our inability to maintain
the confidentiality of that information, due to unauthorized disclosure or use, or other event, could have a material adverse effect on
our business. 

In addition to the protection
afforded by patents, we seek to rely on trade secret protection and confidentiality agreements to protect proprietary know-how that is
not patentable or that we elect not to patent, processes for which patents are difficult to enforce, and any other elements of our product
discovery and development processes that involve proprietary know-how, information, or technology that is not covered by patents. Trade
secrets, however, may be difficult to protect. We seek to protect our proprietary processes, in part, by entering into confidentiality
agreements with our employees, consultants, advisors, contractors and collaborators. Although we use reasonable efforts to protect our
trade secrets, our employees, consultants, advisors, contractors, and collaborators might intentionally or inadvertently disclose our
trade secret information to competitors. In addition, competitors may otherwise gain access to our trade secrets or independently develop
substantially equivalent information and techniques. Furthermore, the laws of some foreign countries do not protect proprietary rights
to the same extent or in the same manner as the laws of the United States. As a result, we may encounter significant problems in protecting
and defending our intellectual property both in the United States and abroad. If we are unable to prevent unauthorized material disclosure
of our intellectual property to third parties, or misappropriation of our intellectual property by third parties, we will not be able
to establish or maintain a competitive advantage in our market, which could materially adversely affect our business, operating results
and financial condition.

We are heavily reliant on the services of
both Ardes Johnson, our Chief Executive Officer, and Steve Bond, our Chief Financial Officer, and the departure or loss of either officer
could disrupt our business.

We depend heavily on the continued
efforts of Ardes Johnson, our Chief Executive Officer, and Steve Bond, our Chief Financial Officer, who are essential to
our strategic vision and day-to-day operations and would be difficult to replace. The departure or loss of either Mr. Johnson or Mr. Bond,
or the inability to timely hire and retain qualified replacements, could negatively impact our ability to manage our business.

 15 

If we are unable to recruit and retain key
management, technical and sales personnel, our business would be negatively affected.

For our business to be successful,
we need to attract and retain highly qualified technical, management and sales personnel