Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 36

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 36
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 included examining, on a test basis, evidence regarding the amounts and disclosures in the financial
statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as
evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion

/s/ MaloneBailey, LLP

www.malonebailey.com

We have served as the Company's auditor
since 2018.

Houston, Texas

September 29, 2025

 28 

NEOVOLTA INC.

Balance Sheets

    June 30,  
    June 30, 

    2025  
    2024 
  
    Assets
  
    Current assets: 

    Cash and cash equivalents 
    $794,836  
    $986,427 
  
    Accounts receivable, net 
     2,983,841  
     1,805,980 
  
    Inventory, net 
     2,137,912  
     1,787,308 
  
    Prepaid expenses and other current assets (including prepaid
    inventory in amount of $535,938 and
    -0-  as of June 30, 2025 and 2024, respectively) 
     748,044  
     76,815 
  
    Total current assets 
     6,664,633  
     4,656,530 

    Other asset: 

    Lease right-of-use asset, net 
     140,540  
     – 

    Total assets 
    $6,805,173  
    $4,656,530 

    Liabilities and Stockholders' Equity 

    Current liabilities: 

    Accounts payable 
    $689,216  
    $5,316 
  
    Accrued liabilities 
     78,934  
     55,784 
  
    Lease liability 
     140,540  
     – 
  
    Short-term notes payable 
     2,603,223  
     – 
  
    Total current liabilities 
     3,511,913  
     61,100 

    Payable to line of credit lender 
     383,538  
     – 
  
    Total liabilities 
     3,895,451  
     61,100 

    Commitments and contingencies (Note