Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 89

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 89
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 reasonably likely to materially affect us, including our business strategy, results of operations or financial condition. 

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Governance

One
of the key responsibilities of our board of directors is informed oversight of our risk management process, including risks from cybersecurity
threats. Our board of directors is responsible for monitoring and assessing strategic risk exposure, and our executive officers are responsible
for the day-to-day management of the material risks we face and are responsible for reporting to our board of directors any cybersecurity
incidents.

At
present, our three executive officers have no particular experience or training in cybersecurity matters. However, our Chief Financial
Officer has served as an executive officer for over ten years, including over five years as an executive officer of public companies.
Due to our small size, our board of directors has not designated any Board committee or any other subset of Board members to provide oversight
of our cybersecurity program as part of a periodic review of our overall risk management program.

ITEM 2. PROPERTIES

Commencing February 2025,
we moved into a new dedicated headquarters and manufacturing facility in Poway, California, just north of San Diego. This state-of-the-art,
energy-efficient facility has ample square footage, shipping and receiving space, and office spaces to support the company’s growth
by increasing the production capability and shipping efficiency from that of our previous facility. The facility was secured under a sublease
agreement and replaced a similar facility that we shared with our former contract manufacturer from January 2021 through February 2025.
Upon the expiration of the prior sublease, we relocated our corporate and manufacturing office space to our current facility in the same
vicinity under a 13 month sublease agreement with the sublandlord, at a base rental of $18,638 per month.

We do not own any real property.

ITEM 3. LEGAL PROCEEDINGS

We are currently not a party
to any pending legal proceeding, nor is our property the subject of a pending legal proceeding, that we believe is not ordinary routine
litigation incidental to our business or otherwise material to the financial condition of our business.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

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PART II

ITEM 5. MARKET FOR REGISTRANT’S COMMON
EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information

Our common stock and Warrants
are listed on the NASDAQ Capital Market