Company: TOGIW
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001214659-25-015980
Chunk: 2

Company: TurnOnGreen, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 had no effect on previously
reported results of operations.

Significant Accounting Policies

There have been no material
changes to the Company’s significant accounting policies previously disclosed in the Company’s
Annual Report on Form 10-Kfiled with the SEC on April 23, 2025.

The Company does not expect that any recently
issued accounting guidance will have a significant effect on its condensed consolidated financial statements.

4. REVENUE DISAGGREGATION

The Company’s disaggregated revenues consisted
of the following:

  Schedule of disaggregated revenues                                                                                                                                         
                                            For the Three Months Ended                                              For the Nine Months Ended                                
                                            2025                                           2024                     2025                                                     
  Primary Geographical Markets                                                                                                                                               
  North America                             $                               1,694,000      $         1,228,000      $                              4,815,000      3,565,000  
  Other                                                                        48,000                   62,000                                       211,000        186,000  
  Total Revenue                             $                               1,742,000      $         1,290,000      $                              5,026,000      3,751,000  
  Major Goods                                                                                                                                                                
  Power supply units                        $                               1,504,000      $         1,238,000      $                              3,990,000      3,468,000  
  EV chargers                                                                 238,000                   52,000                                     1,036,000        283,000  
  Total Revenue                             $                               1,742,000      $         1,290,000      $                              5,026,000      3,751,000  
  Timing of Revenue Recognition                                                                                                                                              
  Goods transferred at a point in time      $                               1,723,000                1,278,000                                     4,970,000      3,720,000  
  Revenue recognized over time                                                 19,000                   12,000                                        56,000         31,000  
  Total Revenue                             $                               1,742,000      $         1,290,000      $                              5,026,000      3,751,000  

Customer advances

We defer revenues when cash payments are received
in advance of our performance obligation required under the guidelines of ASC 606. The revenue is recognized upon completion of our related
performance obligations, typically within twelve months following receipt