$NEOV

NeoVolta Inc.

CIK:0001748137|SEC Filings

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues from contracts with customers	$ 13,332,953	$ 8,426,835
Cost of goods sold	11,194,754	6,920,130
Gross profit	2,138,199	1,506,705
Operating expenses:
General and administrative	18,347,046	6,065,590
Research and development	1,556,043	157,305
Depreciation and amortization	376,827	0
Total operating expenses	20,279,916	6,222,895
Loss from operations	(18,141,717)	(4,716,190)
Other income (expense):
Loss on debt exchanges	(1,266,030)	0
Interest expense	(667,741)	(320,417)
Nonoperating credit loss and other	(1,532,998)	0
Interest income	137,775	2,011
Total other income (expense)	(3,328,994)	(318,406)
Net loss	$ (21,470,711)	$ (5,034,596)
Weighted average shares outstanding - basic	39,294,032	33,589,818
Weighted average shares outstanding - diluted	39,294,032	33,589,818
Net loss per share - basic	$ (0.55)	$ (0.15)
Net loss per share - diluted	$ (0.55)	$ (0.15)

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (21,470,711)	$ (5,034,596)
Adjustments to reconcile net loss to net cash used in operations:
Stock compensation expense	4,963,440	2,101,488
Loss on debt exchanges	1,266,030	0
Amortization of ROU asset	238,261	80,570
Depreciation and other amortization expense	411,550	0
Provision for expected credit losses/bad debt expense	4,580,554	(4,253)
Inventory obsolescence reserve	1,119,013	0
Changes in assets and liabilities
Accounts receivable	(3,005,031)	(1,630,876)
Inventory	(834,062)	41,864
Prepaid expenses and other current assets	(3,205,228)	(606,429)
Other long term assets	(84,347)	0
Accounts payable	498,386	683,900
Accrued expenses	505,735	23,150
Other changes, net	(175,160)	(80,570)
Net cash flows used in operating activities	(15,191,570)	(4,425,752)
Cash flows from investing activities:
Additions to construction in progress	(6,364,051)	0
Additions to other property & equipment	(767,272)	0
Additions to notes receivable	(1,500,000)	0
Net cash flows used in investing activities	(8,631,323)	0
Cash flows from financing activities:
Proceeds of public equity offerings	35,628,565	0
Proceeds of private equity offering	13,000,000	1,087,000
Borrowings under lines of credit	1,370,000	500,000
Repayments of lines of credit	(633,538)	(116,462)
Borrowings under short-term notes payable	6,697,612	5,106,343
Repayments of short-term notes payable	(7,597,341)	(2,503,120)
Prepayment of issuance costs for planned equity offering	(85,266)	0
Proceeds from exercise of common stock warrants	0	160,400
Net cash flows from financing activities	48,380,032	4,234,161
Net increase (decrease) in cash and restricted cash	24,557,139	(191,591)
Cash, restricted cash and cash equivalents at beginning of period	794,836	986,427
Cash, restricted cash and cash equivalents at end of period	25,351,975	794,836
Supplemental disclosures of cash flow information:
Cash paid for interest	863,083	136,580
Cash paid for income taxes	0	0
Cash paid for amounts included in operating lease liabilities	250,017	93,190
Supplemental disclosures of financing and investing activities:
Issuance of common stock for debt exchanges	2,969,524	0
Addition of assets for common stock	998,000	0
Right-of-use assets obtained for operating lease liabilities	8,184,869	221,110
Other equity contribution for services	$ 568,800	$ 0

Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 22,201,975	$ 794,836
Restricted cash	3,150,000	0
Accounts receivable, net	2,945,468	2,983,841
Inventory, net	2,133,153	2,137,912
Prepaid expenses and other current assets (including prepaid inventory in amounts of $931,685 and $535,938, respectively)	2,145,487	748,044
Other current assets	272,280	0
Total current assets	32,848,363	6,664,633
Construction in progress	9,602,302	0
Property and equipment, net	323,804	0
Net property and equipment	9,926,106	0
Intellectual property (net of accumulated amortization of $333,859)	1,064,641	0
Other assets:
Lease right-of-use assets, net	8,082,546	140,540
Prepaid service fee under third party platform	1,631,944	0
Miscellaneous assets	84,347	0
Total assets	53,637,947	6,805,173
Current liabilities:
Accounts payable - other	3,590,368	689,216
Accounts payable - related party	233,910	0
Accrued liabilities	1,038,936	78,934
Lease liabilities	695,269	140,540
Short-term notes payable	1,120,000	2,603,223
Total current liabilities	6,678,483	3,511,913
Payable to line of credit lender	0	383,538
Lease liabilities	7,392,124	0
Total liabilities	14,070,607	3,895,451
Commitments and contingencies (Note 7)
Stockholders' equity:
Common stock, $0.001 par value, 100,000,000 shares authorized, 58,308,247 shares and 34,124,873 shares issued and outstanding, respectively	58,308	34,125
Additional paid-in capital	86,756,877	28,652,731
Accumulated deficit	(47,247,845)	(25,777,134)
Total stockholders' equity	39,567,340	2,909,722
Total liabilities and stockholders' equity	$ 53,637,947	$ 6,805,173