Company: TOGIW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001214659-25-011987
Chunk: 9

Company: TurnOnGreen, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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102,000        5,000        5  
  Total operating expenses                        1,185,000        1,278,000      (93,000       -7  
  Operating loss                                   (504,000         (710,000      206,000       29  
  Other expense:                                                                                    
  Interest expense, related party                   138,000           88,000       50,000       57  
  Interest expense                                    7,000                -        7,000      100  
  Total other expense                               145,000           88,000       57,000       90  
  Net loss                                         (649,000         (798,000      149,000       19  
  Preferred dividends                                     -         (511,000      511,000      100  
  Net loss available to common shareholders       $(649,000      $(1,309,000                        

Revenue and Gross (Loss) Profit

During the
three-month period ended June 30, 2025, we had increased revenues of $456,000 and increased gross profits of $113,000 compared to the
three-month period ended June 30, 2025, primarily due to increased sales of approximately $340,000from two
of our defense industry customers, and increased sales of $261,000 from four of our commercial customers, somewhat offset by a decrease
in sales of $95,000 from our medical customers during the three-month period ended June 30, 2025, compared to the three-month period ended
March 31, 2024. The increase in gross profit during the three-month period ended June 30, 2025, was also impacted by an increase in obsolete
inventory expenses of $25,000 compared to the three months ended June 30,2024 as well as increased costs of components sourced from China.

  12  

Net Loss and Operating Expenses

During the
three months ended June 30, 2025, our net loss decreased by $149,000 compared to the three-month period ended June 30, 2024, primarily
due to the increase in gross profit as described above and the $84,000 decrease in selling and marketing expenses somewhat offset by an
increase in interest expenses of $57,000 compared to the three-month period ended June 30, 2024.

Net Loss available to common shareholders

The Company amended and restated its certificate
of design