Company: TOGIW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001214659-25-011987
Chunk: 6

Company: TurnOnGreen, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 related party notes and advances payable                                              $             6,477,000      $                 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 Six Months Ended                         
                                                   June 30,                                                           June 30,                                         
                                                   2025                                         2024                  2025                                       2024  
  Interest expense, related party                  $                               138,000      $         88,000      $                             262,000      $     

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                                                                
                                                                                            June 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 six months ended June30, 2025, and 2024, are presented below:

  Schedule of segment reporting                                                                                                                                                   
                                              Three months ended June 30,                                              Six months ended June 30,                                  
                                              2025                                            2024                     2025                                                       
  Revenue                                     $                                1,692,000      $         1,236,000      $                              3,284,000        2,461,000  
  Cost of revenue                                                                                                                                                                 
  Manufacturing costs                                                            466,000                  346,000                                       976,000          695