Company: TOGIW
Filing Date: 2025-05-16
Form Type: 10-Q
Source: 0001214659-25-007984
Chunk: 3

Company: TurnOnGreen, Inc.
Filing Date: 2025-05-16
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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  Timing of Revenue Recognition                                                                                           
  Goods transferred at a point in time      $                                         1,578,000      $         1,126,000  
  Revenue recognized over time                                                           14,000                    9,000  
  Total Revenue                             $                                         1,592,000      $         1,225,000  

The following table provides the percentage
of total revenue attributable to a single customer from which 10% or more of total revenue was derived:

  Schedule of concentration                                                                                                                                          
                                 For the Three Months Ended                                              For the Three Months Ended                                  
                                 Total Revenue                                Percentage of              Total Revenue                                Percentage of  
                                 by Major                                     Total Company              by Major                                     Total Company  
                                 Customers                                    Revenue                    Customers                                    Revenue        
  Customer A                     $                               626,000                         39      $                               410,000                     
  Customer B                     $                               192,000                         12      $                               120,000                     
  Customer C                     $                               210,000                         13      $                               -                           

5. TRADE RECEIVABLES

The following table provides the percentage of
total trade receivables attributable to a single customer that accounted for 10% or more of the Company’s outstanding receivables:

  Schedule percentage of total trade receivables                                                     
                                                      As of                       As of              
                                                      March 31, 2025              December 31, 2024  
  Customer A                                                              41                         
  Customer B                                                              11                         

Related party receivables

As of March 31, 2025, and December 31, 2024, the Company had
related party receivables of $-0and $17,000respectively.

6. PROPERTY AND EQUIPMENT, NET

As of March 31, 2025, and December 31, 2024,
property and equipment consisted of the following:

  Schedule of property and equipment                                                                                        
                                                       March 31, 2025                     December 31, 2024                 
  Machinery and equipment                              $                     648,000      $                        648,000  
  Leasehold improvements, furniture and equipment                            221,000                               221,000  
  Gross property and equipment                                               869,000                               869,000  
  Less: accumulated depreciation and amortization                          ( 735,000                             ( 715,000  
  Property and equipment, net                          $                     134,000      $                        154,000