Company: NEOV
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001683168-25-008147
Chunk: 0

Company: NeoVolta Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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NEOVOLTA, INC.

Balance Sheets

(Unaudited)

    September 30,  
    June 30, 

    2025  
    2025 
  
    Assets 

    Current assets: 

    Cash and cash equivalents 
    $889,819  
    $794,836 
  
    Accounts receivable, net 
     5,210,379  
     2,983,841 
  
    Inventory, net 
     1,478,780  
     2,137,912 
  
    Prepaid expenses and other current assets (including prepaid inventory in amounts of $559,134 and $535,938, respectively) 
     778,415  
     748,044 
  
    Total current assets 
     8,357,393  
     6,664,633 

    Other asset: 

    Lease right-of-use asset, net 
     89,575  
     140,540 

    Total assets 
    $8,446,968  
    $6,805,173 

    Liabilities and Stockholders' Equity 

    Current liabilities: 

    Accounts payable 
    $136,363  
    $689,216 
  
    Accrued liabilities 
     512,052  
     78,934 
  
    Lease liability 
     89,575  
     140,540 
  
    Short-term notes payable 
     4,142,275  
     2,603,223 
  
    Advance received for Stock Subscription 
     800,000  
     – 
  
    Total current liabilities 
     5,680,265  
     3,511,913 

    Payable to line of credit lender 
     633,538  
     383,538 
  
    Total liabilities 
     6,313,803  
     3,895,451 

    Commitments and contingencies (Note 4) 
     –  
     – 

    Stockholders' equity: 

    Common stock, $0.001 par value, 100,000,000 shares authorized, 34,213,838 shares and 34,124,873 shares issued and outstanding, respectively 
     34,214  
     34,125 
  
    Additional paid-in capital 
     29,