Company: TOGIW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001214659-25-011987
Chunk: 2

Company: TurnOnGreen, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 Annual Report on Form
10-Kfiled with the SEC on April 23, 2025.

The Company does not expect that any recently
issued accounting guidance will have a significant effect on its condensed consolidated financial statements.

4. REVENUE DISAGGREGATION

The Company’s disaggregated revenues consisted
of the following:

  Schedule of disaggregated revenues                                                                                                                                        
                                            For the Three Months Ended                                              For the Six Months Ended                                
                                            2025                                           2024                     2025                                                    
  Primary Geographical Markets                                                                                                                                              
  North America                             $                               1,593,000      $         1,180,000      $                             3,121,000      2,337,000  
  Other                                                                        99,000                   56,000                                      163,000        124,000  
  Total Revenue                             $                               1,692,000      $         1,236,000      $                             3,284,000      2,461,000  
  Major Goods                                                                                                                                                               
  Power supply units                        $                               1,213,000      $         1,089,000      $                             2,486,000      2,230,000  
  EV chargers                                                                 479,000                  147,000                                      798,000        231,000  
  Total Revenue                             $                               1,692,000      $         1,236,000      $                             3,284,000      2,461,000  
  Timing of Revenue Recognition                                                                                                                                             
  Goods transferred at a point in time      $                               1,670,000                1,226,000                                    3,248,000      2,442,000  
  Revenue recognized over time                                                 22,000                   10,000                                       36,000         19,000  
  Total Revenue                             $                               1,692,000      $         1,236,000      $                             3,284,000      2,461,000  

Customer advances

We defer revenues when cash payments are received
in advance of our performance obligation required under the guidelines of ASC 606.

Customer advances consisted of the following:

  Schedule of customer advances                                        
                                     Customer advances                 
  Balance, December 31, 2024         $                        125,000  
  Advances received                                         1,126,000  
  Revenue recognized                                        ( 463,000  
  Advances refunded