TurnOnGreen, Inc. filed its quarterly report on Form 10-Q with the SEC on November 13, 2026, covering the three and nine months ended September 30, 2026, disclosing continued net losses and a growing shareholders' deficit.

Key Highlights

  • Net loss (nine months): The company reported a net loss of $1,577,000 for the nine months ended September 30, 2026, compared to $1,701,000 for the same period in 2025.
  • Quarterly revenue: Revenue for the three months ended September 30, 2026 was $1,656,000, down from $1,742,000 in the prior-year quarter.
  • Shareholders' deficit: Total shareholders' deficit widened to $(34,419,000) as of September 30, 2026, from $(32,842,000) at December 31, 2025.
  • Accumulated deficit: The accumulated deficit reached $50,777,000 as of September 30, 2026.
  • Related party obligations: Related party notes and advances payable totaled $8,417,000 as of September 30, 2026, up from $7,854,000 at year-end 2025.
  • Shares outstanding: 183,983,122 shares of common stock were outstanding as of November 12, 2026.

TurnOnGreen Financial Position and Operating Results Through September 2026

According to the filing, TurnOnGreen, Inc. (OTC:TOGI), a Nevada-incorporated company headquartered at 2030 Ringwood Ave, San Jose, CA 95131, reported nine-month revenue of $5,146,000 for the period ended September 30, 2026, a modest increase from $5,026,000 in the comparable 2025 period. Gross profit for the nine months improved to $2,471,000 from $2,128,000. However, total operating expenses of $3,463,000, comprising general and administration costs of $2,677,000 and selling and marketing costs of $786,000, resulted in an operating loss of $992,000 for the nine-month period.

The company disclosed total assets of $4,531,000 as of September 30, 2026, up from $3,227,000 at December 31, 2025. This increase was driven in part by a rise in right-of-use assets to $1,400,000 from $45,000. Total liabilities grew to $13,950,000 from $11,069,000 over the same interval, with convertible notes payable climbing to $1,492,000 from $557,000. The filing also noted a lawsuit liability of $1,174,000 as of September 30, 2026. Cash and cash equivalents stood at $60,000 at quarter-end, compared to $65,000 at December 31, 2025.

The filing reported net cash used in operating activities of $1,613,000 for the nine months ended September 30, 2026, compared to $1,868,000 for the same period in 2025. Interest expense related to related party obligations totaled $514,000 for the nine-month period, while a change in fair value of embedded derivative liabilities contributed $(150,000) to other income. The company is classified as a smaller reporting company and a non-accelerated filer, and its common stock carries a par value of $0.001 per share with 2,000,000,000 shares authorized.

What Was Disclosed

TurnOnGreen, Inc. disclosed unaudited financial results for the three and nine months ended September 30, 2026, showing a net loss of $1,577,000 for the nine-month period, a total shareholders' deficit of $(34,419,000), and total liabilities of $13,950,000, alongside an accumulated deficit of $50,777,000.