Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 189

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 189
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, 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.

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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. The failure to recruit additional key personnel
when needed with specific qualifications and on acceptable terms or to retain good relationships with our partners might impede our ability
to continue to develop, commercialize and sell our products. To the extent the demand for skilled personnel exceeds supply, we could experience
higher labor, recruiting and training costs in order to attract and retain such employees. We face competition for qualified personnel
from other companies with significantly more resources available to them and thus may not be able to attract the level of personnel needed
for our business to succeed.

Artificial intelligence presents risks and
challenges that can impact our business, including by posing security risks to our confidential information, proprietary information and
personal data.

Issues in the development
and use of artificial intelligence, combined with an uncertain regulatory environment, may result in reputational harm, liability, or
other adverse consequences to our