Company: TOGIW
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001214659-25-006296
Chunk: 18

Company: TurnOnGreen, Inc.
Filing Date: 2025-04-23
Form: 10-K
Item: Item 1A
Chunk 18
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 unable to sell our products at acceptable prices relative to our costs, or if we fail to develop and
introduce on a timely basis new products from which we can derive additional revenues, our financial results will suffer. These factors
raise substantial doubt regarding the Company’s ability to continue as a going concern for the 12 months following the issuance
of these financial statements.

Our business model will continue to evolve
as we focus on our EV charging operating segment, which will increase the complexity of our business.

Our business model has evolved in the past and
will continue to do so as we focus on our EV charging operating segment. In prior years we have added additional types of services and
product offerings and in some cases, we have modified or discontinued those services and product offerings. We intend to continue to try
to offer additional types of products or services, including with respect to our EV charging products and services, and we do not know
whether any of them will be successful. From time to time, we have also modified aspects of our business model relating to our product
mix. We do not know whether these or any other modifications will be successful. The additions and modifications to our business have
increased the complexity of our business and placed significant strain on our management, personnel, operations, systems, technical performance,
financial resources, and internal financial control and reporting functions. Future additions to or modifications of our business are
likely to have similar effects. Further, any new business or website we launch that is not favorably received by the market could damage
our reputation or our brand. The occurrence of any of the foregoing could have a material adverse effect on our business.

We will need, but may be unable to obtain,
funding on satisfactory terms, or at all; any financing we do obtain could dilute our shareholders and investors or impose burdensome
financial restrictions on our business.

We have relied upon cash from financing activities
and in the future, we hope to rely on revenues generated from operations to fund all of the cash requirements of our activities. However,
it is extremely unlikely that we will be able to generate any significant cash from our operating activities in the foreseeable future.
Future financings may not be available on a timely basis, in sufficient amounts or on terms acceptable to us, if at all. Any debt financing
or other financing of securities senior to our common stock will likely include financial and other covenants that will restrict our flexibility.
Any failure to comply with these covenants may cause an event of default and acceleration of