Company: TOGIW
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001214659-25-015980
Chunk: 9

Company: TurnOnGreen, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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      -14  
  Operating loss                                   (349,000        (560,000       211,000       38  
  Other expense:                                                                                    
  Interest expense, related party                   152,000         100,000        52,000       52  
  Interest expense                                    8,000               -         8,000      100  
  Total other expense                               160,000         100,000        60,000       60  
  Net loss                                         (509,000        (660,000       151,000       23  
  Preferred dividends                                     -               -             -           
  Net loss available to common shareholders       $(509,000       $(660,000                         

Revenue and Gross (Loss) Profit

During the
three-month period ended September 30, 2025, we had increased revenues of $452,000 and increased gross profits of $42,000 compared to
the three-month period ended September 30, 2025, primarily due to increased sales of approximately $599,000from one
of our defense industry customers less $198,000 decreased sales from another defense customers, and increased sales of $73,000 from a
new commercial customer during the three-month period ended September 30, 2025, compared to the three-month period ended September 30,
2024. The increase in gross profit during the three-month period ended September 30, 2025, was negatively impacted by increased costs
for components sourced from China and related tariffs.

Net Loss and Operating Expenses

During the
three months ended September 30, 2025, our net loss decreased by $151,000 compared to the three-month period ended September 30, 2024,
primarily due to the increase in gross profit as described above and an $83,000 decrease in selling and marketing, and $96,000 decrease
in professional fees and outside services somewhat offset by an increase in total interest expenses of $60,000 compared to the three-month
period ended September 30, 2024.

For the Nine Months Ended September 30, 2025, and 2024:

                                                        2025             2024                           
 ────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue                                         $5,026,000       $3,751,000      1,275,000        33  
  Cost of revenue                                  2,898,000        1