Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 243

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 2
Chunk 243
---
 –  
     –  
     (2,303,310) 
     (2,303,310)

    Balance at June 30, 2024 
     33,236,091  
     33,236  
     25,304,732  
     (20,742,538) 
     4,595,430 

    Stock compensation expense 
     289,870  
     290  
     2,101,198  
     –  
     2,101,488 

    Exercise of common stock warrants 
     55,412  
     55  
     160,345  
     –  
     160,400 

    Issuance of common stock in private offering 
     543,500  
     544  
     1,086,456  
     –  
     1,087,000 

    Net loss 
     –  
     –  
     –  
     (5,034,596) 
     (5,034,596)

    Balance at June 30, 2025 
     34,124,873  
    $34,125  
    $28,652,731  
    $(25,777,134) 
    $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)