Company: TOGIW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001214659-25-011987
Chunk: 17

Company: TurnOnGreen, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part II, Item 1
Chunk 17
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ITEM 1. LEGAL PROCEEDINGS.

The Company is currently involved in litigation
arising from matters in the ordinary course of business. We are regularly subject to claims, suits, regulatory and government investigations,
and other proceedings involving labor and employment, commercial disputes, and other matters. Such claims, suits, regulatory and government
investigations, and other proceedings could result in fines, civil penalties, or other adverse consequences.

Certain of these outstanding matters include speculative
or indeterminate monetary amounts. We record an undiscounted liability for contingent losses, including future legal costs, settlements
and judgments, when we consider it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated.
If we determine that a loss is reasonably possible and the loss or range of loss can be estimated, we disclose the reasonably possible
loss. We evaluate developments in our legal matters that could affect the amount of liability that has been previously accrued, and the
matters and related reasonably possible losses disclosed, and make adjustments as appropriate. Significant judgment is required to determine
both likelihood of there being a loss and the estimated amount of loss related to such matters.

With respect to our outstanding matters, based
on our current knowledge, we believe that the amount or range of reasonably possible loss will not, either individually or in aggregate,
have a material adverse effect on our business, consolidated financial position, results of operations, or cash flows. However, the outcome
of such matters is inherently unpredictable and subject to significant uncertainties.

ITEM 1A. RISK FACTORS.