Company: TOGIW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001214659-25-011987
Chunk: 8

Company: TurnOnGreen, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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Corporation (‘ DPC”) and TOG Technologies Inc. (“ TOGT”), design, develop, manufacture and sell highly engineered,
feature-rich, high-grade-power conversion and power system solutions to diverse industries and markets including e-Mobility, medical,
military, telecommunications, and industrial as well as design and provide a line of advanced EV charging solutions. Through DPC, we provide
solutions which leverage a combination of low leakage power emissions, very high-power density with power efficiency, flexible design
leveraging customized firmware and short time to market. Our designed and manufactured, highly engineered, precision power conversion
and control solutions serve mission-critical applications and processes. Through TOGT, we market and sell a line of scalable EV residential,
commercial and ultra-fast charging products and comprehensive charging management software and network services. The business represents
a natural outgrowth from our proprietary core power technologies to optimizing the design and performance of EV charging solutions.

Our strategy is to be the supplier of choice across
numerous markets that require high-quality power system solutions where custom design, superior product, high quality, time to market
and competitive prices are critical to business success. We believe that we provide advanced custom product design services to deliver
high-grade products that reach a high level of efficiency and density and can meet rigorous environmental requirements. Our customers
benefit from a direct relationship with us that supports all their needs for designing and manufacturing power solutions and products.
By implementing our proprietary core technology, including process implementation in integrated circuits, we can provide cost reductions
to our customers by replacing their existing power sources with our custom design cost-effective products.

Results of Operations

For the Three Months Ended June 30, 2025, and 2024:

                                                       2025             2024                        
 ────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue                                        $1,692,000       $1,236,000      456,000       37  
  Cost of revenue                                 1,011,000          668,000      343,000       51  
  Gross profit                                      681,000          568,000      113,000       20  
  Operating expenses:                                                                               
  General and administrative                        829,000          843,000      (14,000       -2  
  Selling and marketing                             249,000          333,000      (84,000      -25  
  Research and development                          107,000