Company: TOGIW
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001214659-25-006296
Chunk: 37

Company: TurnOnGreen, Inc.
Filing Date: 2025-04-23
Form: 10-K
Item: Item 1A
Chunk 37
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to establish, maintain and expand our manufacturers’ representative OEM relationships and our other relationships.

We market and sell our products through domestic
and international OEM relationships and other distribution channels, such as manufacturers’ representatives and distributors. Our
future results are dependent on our ability to establish, maintain and expand our relationships with OEMs as well as with manufacturers’
representatives and distributors to sell our products. If, however, the third parties with whom we have entered into such OEM and other
arrangements should fail to meet their contractual obligations, cease doing, or reduce the amount of their, business with us or otherwise
fail to meet their own performance objectives, customer demand for our products could be adversely affected, which would have an adverse
effect on our revenues.

  20  

We rely on third-party vendors and subcontractors
for supply of components, assemblies, and services and, therefore, cannot control the availability or quality of such components, assemblies,
and services. Any interruptions in goods provided by these third parties may impair our ability to support our customers.

We depend on third-party vendors and subcontractors
to supply components, assemblies and services used to manufacture our products, some of which are supplied by a single vendor. We have
experienced shortages of certain semiconductor and electronic components and delays in service delivery, have incurred additional and
unexpected costs to address the shortages and delays, and have experienced our own delays in production and shipping.

If suppliers or subcontractors cannot provide
their products or services on time or to our specifications, we may not be able to meet the demand for our products and our delivery times
may be negatively affected. In addition, we cannot directly control the quality of the products and services provided by third parties.
In order to expand revenue, we likely will need to identify and qualify new suppliers and subcontractors to supplant or replace existing
suppliers and subcontractors, which may be a time-consuming and expensive process. In addition, any qualification of new suppliers may
require customers of our products utilizing products and services from new suppliers and service providers to undergo a re-qualification
process. Such circumstances likely would lead to disruptions in our production, increased manufacturing costs, delays in shipping to our
customers, and/or increases in prices paid to third parties for products and services.

We rely on a third-party partner to provide certain
manufacturing steps associated with some of our proprietary processes to support our power products and solutions. This process, developed
with the third-party partners, involves complex printed circuit board assembly, advanced environmental