Company: TOGIW
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001214659-25-006296
Chunk: 14

Company: TurnOnGreen, Inc.
Filing Date: 2025-04-23
Form: 10-K
Item: Item 1
Chunk 14
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 part, generally the U. S. government would pay only for the work that has
been accepted and could require us to pay the difference between the original contract price and the cost to re-procure the contract items,
net of the work accepted from the original contract. The U. S. government can also hold us liable for damages resulting from the default.

Medical Device Power
Supplies. Our medical power supplies must incorporate one or more means of protection (“ MOP”) to avoid electrocution.
A MOP can be safety insulation, a protective earth, a defined creepage distance, an air gap (clearance) or other protective impedance.
These can be used in various combinations - having two MOPs means if one fails, there is another in place. We must comply with a
standard that treats operators and patients, resulting in the classifications “means of operator protection” and “means
of patient protection.” The latter requirements are more stringent because the patient may be physically connected via an AP and
unconscious when the fault occurs.

Non-U. S. Sales. Our
non-U. S. sales are subject to both U. S. and non-U. S. governmental regulations and procurement policies and practices, including regulations
relating to import-export control, tariffs, investment, exchange controls, anti-corruption and repatriation of earnings. Non-U. S. sales
are also subject to varying currency, political and economic risks.

Human Capital Resources

We are committed to attracting
and retaining the brightest and best talent, so investing in human capital is critical to our success. The employee traits we value include
industriousness, intellectual curiosity, growth mindset and deeply caring about the quality of work. The human capital measures and objectives
that we focus on in managing our business include employee safety, talent acquisition and retention, employee engagement, development
and training, diversity and inclusion, and compensation and pay equity. None of our employees is represented by a collective bargaining
unit or is a party to a collective bargaining agreement. We believe that our relationship with our employees is good.

The following description
provides an overall view of our Company.

Employee Profile

As of December 31, 2024,
we have approximately seventeen full-time employees and one part-time employee, of whom two were in engineering, four in production, six
in customer support, sales and marketing and six in general and administrative. Our employees are not covered by any
collective bargaining agreements. We consider relations with our employees to be