Company: TOGIW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001214659-25-011987
Chunk: 11

Company: TurnOnGreen, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 necessary should we be unable to
continue as a going concern. As of June 30, 2025, we had cash and cash equivalents of $.2 million and negative working capital of $7.4
million.

Critical Accounting Estimates

Our condensed consolidated financial statements
are prepared in accordance with accounting principles generally accepted in the United States. The accounting principles we use require
us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements
and amounts of income and expenses during the reporting periods presented. We believe in the quality and reasonableness of our critical
accounting policies; however, materially different amounts may be reported under different conditions or using assumptions different from
those that we have applied. The accounting policies that have been identified as critical to our business operations and to understanding
the results of our operations pertain to the valuation of inventories and accruals of certain liabilities.

Recently Issued Accounting Pronouncements

Our management has considered all recent accounting
pronouncements issued since the last audit of our financial statements. Our management believes that these recent pronouncements will
not have a significant effect on our financial statements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.