Company: TOGIW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001214659-25-011987
Chunk: 0

Company: TurnOnGreen, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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,000  
  Cash flows from investing activities:                                                                                                                           
  Purchase of property and equipment                                                                                                -                    ( 7,000  
  Cash used in investing activities                                                                                                 -                    ( 7,000  
  Cash flows from financing activities:                                                                                                                           
  Proceeds from related party advances                                                                                      1,292,000                  1,528,000  
  Proceeds from exercise of warrants                                                                                            3,000                          -  
  Net cash provided by financing activities                                                                                 1,295,000                  1,528,000  
  Net decrease in cash and cash equivalents                                                                                  ( 27,000                     42,000  
  Cash at beginning of period                                                                                                  27,000                     21,000  
  Cash at end of period                                                            $                                          207,000      $              63,000  
  Supplemental disclosures of cash flow information                                                                                                               
  Cash paid for income taxes                                                       $                                            2,000      $                   -  

The accompanying notes are an integral part of
these unaudited condensed consolidated financial statements.

   6  

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2025

1. DESCRIPTION OF BUSINESS

Overview

TurnOnGreen, Inc., a Nevada corporation (“ TOG”),
through its wholly owned subsidiaries Digital Power Corporation (“ Digital Power”) and TOG Technologies Inc. (“ TOGT,”
and together with Digital Power, the “ Company”), is an emerging provider of premium power electronic and electric vehicle
(EV) charging solutions. The Company designs, develops, manufactures, and sells highly engineered, feature-rich, high-grade power conversion
systems and power solutions for mission-critical, life-sustaining, and lifesaving applications across a variety of sectors, particularly
those operating in demanding and harsh environments.

The Company serves a broad range of markets, including
defense and aerospace, medical and healthcare, industrial applications, telecommunications, e-Mobility, and OEM solutions. Our products
are highly adaptive, featuring customized firmware meticulously configured to meet the specific requirements and challenges of our customers’
applications. In addition, we provide comprehensive EV charging infrastructure and subscription-based network management services for
residential, fleet, hospitality, workplace, healthcare, municipal, and educational environments including universities and schools.

2. LIQUIDITY AND GOING CONCERN

The accompanying condensed consolidated financial
statements have been prepared assuming that the Company will continue as a going concern. The Company has incurred