TurnOnGreen, Inc. (TOGIW) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1421 MCCARTHY BLVD. MILPITAS, CA 95035 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 362 - Electrical Industrial Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 21,000 | 95,000 | 21,778 | |||
| Cash and cash equivalent | 21,000 | 95,000 | 21,778 | |||
| Receivables | 966,000 | 1,022,000 | ||||
| Inventory, net of allowances, customer advances and progress billings | 1,339,000 | 2,595,000 | ||||
| Inventory | 1,339,000 | 2,595,000 | ||||
| Prepaid expense | 630,000 | 684,000 | ||||
| Total current assets: | 2,956,000 | 4,396,000 | 21,778 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 1,133,000 | 1,661,000 | ||||
| Property, plant and equipment | 358,000 | 326,000 | ||||
| Other noncurrent assets | 270,000 | 270,000 | ||||
| Total noncurrent assets: | 1,761,000 | 2,257,000 | ||||
| TOTAL ASSETS: | 4,717,000 | 6,653,000 | 21,778 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 4,250,000 | 3,118,000 | 8,352 | |||
| Accounts payable | 1,583,000 | 1,147,000 | 4,225 | |||
| Accrued liabilities | 2,667,000 | 1,971,000 | 4,127 | |||
| Debt | 619,000 | 45,000 | ||||
| Other undisclosed current liabilities | 3,538,000 | 568,000 | 42,083 | |||
| Total current liabilities: | 8,407,000 | 3,731,000 | 50,435 | |||
| Noncurrent Liabilities | ||||||
| Liabilities, other than long-term debt | 736,000 | 1,310,000 | ||||
| Accounts payable and accrued liabilities | 43,000 | |||||
| Deferred revenue | 16,000 | |||||
| Other liabilities | 105,000 | |||||
| Operating lease, liability | 631,000 | 1,251,000 | ||||
| Other undisclosed noncurrent liabilities | 101,529 | |||||
| Total noncurrent liabilities: | 736,000 | 1,310,000 | 101,529 | |||
| Total liabilities: | 9,143,000 | 5,041,000 | 151,964 | |||
| Temporary equity, including noncontrolling interest | 25,000,000 | 25,000,000 | ||||
| Equity | ||||||
| Equity, attributable to parent, including: | (29,426,000) | (23,388,000) | (130,186) | |||
| Common stock | 184,000 | 173,000 | 161,703 | |||
| Additional paid in capital | 13,504,000 | 12,691,000 | 6,034,941 | |||
| Accumulated deficit | (43,114,000) | (36,252,000) | (6,326,830) | |||
| Other additional capital | 39,000 | |||||
| Other undisclosed equity, attributable to parent | (39,000) | |||||
| Total equity: | (29,426,000) | (23,388,000) | (130,186) | |||
| TOTAL LIABILITIES AND EQUITY: | 4,717,000 | 6,653,000 | 21,778 | |||
Income Statement (P&L) (USD)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 4,201,000 | 5,522,000 | 25 | ||
| Cost of revenue | (3,306,000) | (3,504,000) | (15) | ||
| Cost of product and service sold | (853,000) | (15) | |||
| Gross profit: | 895,000 | 2,018,000 | 10 | ||
| Operating expenses | (5,569,000) | (6,233,000) | (156,046) | ||
| Operating loss: | (4,674,000) | (4,215,000) | (156,036) | ||
| Nonoperating expense | (160,000) | (5,000) | |||
| Interest and debt expense | (10,030) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (4,834,000) | (4,220,000) | (166,066) | ||
| Other undisclosed income from continuing operations before income taxes | 1,000 | ||||
| Loss from continuing operations before income taxes: | (4,834,000) | (4,219,000) | (166,066) | ||
| Income tax expense | |||||
| Loss from continuing operations: | (4,834,000) | (4,219,000) | (166,066) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (166,066) | |
| Other undisclosed net loss | (1,000) | ||||
| Net loss: | (4,834,000) | (4,220,000) | (166,066) | ||
| Other undisclosed net loss attributable to parent | (639,000) | (42,081) | |||
| Net loss attributable to parent: | (4,834,000) | (4,859,000) | (208,147) | ||
| Other undisclosed net loss available to common stockholders, basic | (2,028,000) | ||||
| Net loss available to common stockholders, diluted: | (6,862,000) | (4,859,000) | (208,147) | ||
Comprehensive Income (USD)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net loss: | (4,834,000) | (4,220,000) | (166,066) | ||
| Comprehensive loss, net of tax, attributable to parent: | (4,834,000) | (4,220,000) | (166,066) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.