Company: TOGIW
Filing Date: 2025-05-16
Form Type: 10-Q
Source: 0001214659-25-007984
Chunk: 0

Company: TurnOnGreen, Inc.
Filing Date: 2025-05-16
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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 loss available to common shareholders              $                         ( 541,000      $         ( 1,235,000  
  Net loss per common share basic and diluted:           $                            ( 0.00      $              ( 0.01  
  Weighted average common shares, basic and diluted                              183,972,700                183,942,274  

The accompanying notes are an integral part of
these unaudited condensed consolidated financial statements.

   4  

TURNONGREEN INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF CHANGES
IN SHAREHOLDERS’ DEFICIT

(Unaudited)

Three Months Ended March 31, 2025

                                                     Common Stock                       Additional                                        Total                            
                                                     Shares                             Paid in                                           Shareholders’                    
                                                                                        Capital                                           Deficit                          
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance, January 1, 2025                                             183,949,923                      16,171,000      ( 47,087,000                         ( 30,732,000  
  Common stock issued upon exercise of warrants                             33,199                           3,000                 -                                3,000  
  Net loss                                                                       -                               -         ( 541,000                            ( 541,000  
  Balance, March 31, 2025                                              183,983,122      $               16,174,000      ( 47,628,000      $                  ( 31,270,000  

Three Months Ended March 31, 2024

                                                     Common Stock                   Additional                        Total                            
                                                     Shares                         Paid in                           Shareholders’                    
                                                                                    Capital                           Deficit                          
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance, January 1, 2024                           183,941,422       184,000                      ( 43,114,000                         ( 29,426,000  
  Common stock issued upon exercise of warrants      2,200                                                                                             
  Preferred dividends                                -                 -                               ( 500,000                            ( 500,000  
  Net loss                                           -                 -                               ( 735,000                            ( 735,000  
  Balance, March 31, 2024                            183,943,622       184,000      $               ( 44,349,000