Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 346

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 5
Chunk 346
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    $2,909,722 

See Accompanying Notes to Financial Statements.

 31 

NEOVOLTA INC.

Statements of Cash Flows

    Year Ended June 30, 

    2025  
    2024 
  
    Cash flows from operating activities: 

    Net loss 
    $(5,034,596) 
    $(2,303,310)
  
    Adjustments to reconcile net loss to net cash used in operations: 

    Stock compensation expense 
     2,101,488  
     432,367 
  
    Amortization of ROU asset 
     80,570  
     – 
  
    Provision for expected credit losses/bad debt expense 
     (4,253) 
     540,000 
  
    Reserve for obsolete inventory 
     (90,000) 
     90,000 
  
    Changes in current assets and liabilities 

    Accounts receivable 
     (1,630,876) 
     (519,595)
  
    Inventory 
     131,864  
     703,263 
  
    Prepaid expenses and other current assets 
     (606,429) 
     19,304 
  
    Accounts payable 
     683,900  
     5,316 
  
    Accrued expenses 
     23,150  
     16,293 
  
    Operating lease obligation 
     (80,570) 
     – 
  
    Net cash flows used in operating activities 
     (4,425,752) 
     (1,016,362)

    Cash flows from financing activities: 

    Proceeds of private equity offering 
     1,087,000  
     – 
  
    Borrowings under line of credit 
     500,000  
     – 
  
    Repayments of line of credit 
     (116,462) 
     – 
  
    Borrowings under short-term nots payable 
     5,106,343  
     – 
  
    Repayments of short-term nots payable 
     (2,503,120) 
     – 
  
    Proceeds from exercise of common stock warrants 
     160,400  
     – 
  
    Net cash flows from financing activities 
     4,234,161