Company: TOGIW
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001214659-25-015980
Chunk: 5

Company: TurnOnGreen, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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, 2024, were comprised of the following:

  Schedule of related party notes payable                                                                                                      
                                                                    Credit      September 30,                     December 31,                 
  Hyperscale advance payable                   10      Demand       $           $                  7,104,000      $                 5,118,000  
  Chief Executive Officer                      14      Default                                        26,000                        46,000     
  Chief Executive Officer                      22      Default                                        25,000                        -          
  Non-officer advance payable                   -      -                                              26,000                        -          
  Total related party notes and advances                                        $                  7,181,000      $                 5,185,000  

Pursuant to the Amendment, the Company and Hyperscale
have agreed to, among other things, amend the Credit Agreement to increase the Credit Limit to $8,000,000, extended the date to which
credit extensions may be made toDecember 31, 2026, and provide for additional loans made in excess of the initial Credit Limit to become
Advances. The related party note payable accrues interest of 10%, has no fixed terms of repayment and is recorded as related party advance
payable.

Summary of interest expense, related party, recorded
on the condensed consolidated statement of operations:

  Schedule of interest expense, related party                                                                                                                            
                                                   For the Three Months Ended                                          For the Nine Months Ended                         
                                                   September 30,                                                       September 30,                                     
                                                   2025                                         2024                   2025                                        2024  
  Interest expense, related party                  $                               152,000      $         100,000      $                              414,000      $     

11. LOSS PER SHARE

Anti-dilutive securities, which are convertible
into or exercisable for the Company’s common stock, consisted of the following:

  Schedule of anti dilutive securities excluded from computation of earnings per share                                                                     
                                                                                            September 30,                                                  
                                                                                            2025                                  2024                     
  Warrants                                                                                                       140,922,530                  140,961,864  
  Convertible preferred stock                                                                                  1,250,000,000                1,250,000,000  
  Total                                                                                                        1,390,922,530                1,390,961,864  

12. SEGMENT INFORMATION

Disclosures regarding the Company’s reportable segment with reconciliations
to consolidated totals for the three and nine