Company: TOGIW
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001214659-25-006296
Chunk: 51

Company: TurnOnGreen, Inc.
Filing Date: 2025-04-23
Form: 10-K
Item: Item 1A
Chunk 51
---
 staff with more experienced personnel. We will also evaluate information system capabilities in order to reduce
the manual calculations within this business process.

Complex Financial Instruments. We will
design and implement controls to properly identify and implement the proper accounting treatment and classifications of our complex financial
instruments to ensure our equity accounting and treatment is in accordance with U. S. generally accepted accounting principles. We intend
to accomplish this by implementing more thorough reviews of certain details regarding all rights, penalties, record holders and negative
covenants of the financial instruments in order to apply the correct accounting guidance (liabilities vs. equity vs. temporary equity).

While these actions and planned actions are subject
to ongoing management evaluation and will require validation and testing of the design and operating effectiveness of internal controls
over a sustained period of financial reporting cycles, we are committed to the continuous improvement of our internal control over financial
reporting. We will continue to diligently review our internal control over financial reporting.

Our operating results may vary from quarter
to quarter.

Our operating results have in the past been subject
to quarter-to-quarter fluctuations, and we expect that these fluctuations will continue, and may increase in magnitude, in future periods.
Demand for our products is driven by many factors, including the availability of funding for our products in our customers’ capital
budgets. There is a trend for some of our customers to place large orders near the end of a quarter or fiscal year, in part to spend remaining
available capital budget funds. Seasonal fluctuations in customer demand for our products driven by budgetary and other concerns can create
corresponding fluctuations in period-to-period revenues, and we therefore cannot assure you that our results in one period are necessarily
indicative of our revenues in any future period. In addition, the number and timing of large individual sales and the ability to obtain
acceptances of those sales, where applicable, have been difficult for us to predict, and large individual sales have, in some cases, occurred
in quarters subsequent to those we anticipated, or have not occurred at all. The loss or deferral of one or more significant sales in
a quarter could harm our operating results for such quarter. It is possible that, in some quarters, our operating results will be below
the expectations of public market analysts or investors. In such events, or in the event adverse conditions prevail, the market price
of our common stock may decline significantly.

Many of our competitors are larger and have
greater financial and other resources than we do.

Our products compete and will