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

Company: TurnOnGreen, Inc.
Filing Date: 2025-04-23
Form: 10-K
Item: Item 1A
Chunk 25
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 revenues. Our failure to replace orders for canceled backlog or replace decreased backlog could negatively impact
our revenues and results of operations. Further, disruption in the supply chain of electronic components and material parts used as raw
materials in our products may affect our ability to manufacture products which could substantially reduce backlog.

Although we depend on sales of our legacy products
for a meaningful portion of our revenues, these products are mature, and their sales will decline.

A relatively large portion of our sales have historically
been attributable to our legacy products. We expect that these products may continue to account for a meaningful percentage of our revenues
for the foreseeable future. However, these sales are declining. Although we are unable to predict future prices for our legacy products,
we expect that prices for these products will continue to be subject to significant downward pressure in certain markets for the reasons
described above. Accordingly, our ability to maintain or increase revenues will be dependent on our ability to expand our customer base,
increase unit sales volumes of these products and successfully, develop, introduce, and sell new products such as custom design and value-added
products. We cannot assure you that we will be able to expand our customer base, increase unit sales volumes of existing products or develop,
introduce and/or sell new products.

We are heavily dependent on our senior management,
and a loss of a member of our senior management team could cause our stock price to suffer.

If we lose the services of Amos Kohn, our Chief
Executive Officer and Chief Financial Officer, Marcus Charuvastra, our President, and Douglas Gintz, our Chief Technology Officer, and/or
certain key employees, we may not be able to find appropriate replacements on a timely basis, and our business could be adversely affected.
Our existing operations and continued future development depend to a significant extent upon the performance and active participation
of these individuals and certain key employees. Although we have entered into employment agreements with Mr. Kohn and we may enter into
employment agreements with Mr. Charuvastra and additional key employees in the future, we cannot guarantee that we will be successful
in retaining the services of these individuals. If we were to lose any of these individuals, we may not be able to find appropriate replacements
on a timely basis and our financial condition and results of operations could be materially adversely affected.

Furthermore, competition for employees can be
intense, particularly in Silicon Valley where TurnOnGreen is headquartered, and the ability to attract, hire and retain them depends on
TurnOnGreen’s ability