$TOGI
TurnOnGreen, Inc.

2022 Q3 Form 10-Q Financial Statement

#000121465922009434 Filed on August 01, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $1.827M
YoY Change 6089900.0%
Cost Of Revenue $931.0K
YoY Change 4654900.0%
Gross Profit $896.0K
YoY Change 8959900.0%
Gross Profit Margin 49.04%
Selling, General & Admin $1.308M $7.680K $9.650K
YoY Change 6140.46% -50.19%
% of Gross Profit 145.98%
Research & Development $71.00K $510.0K $206.0K
YoY Change -1.39%
% of Gross Profit 7.92%
Depreciation & Amortization $10.00K $0.00 $0.00
YoY Change
% of Gross Profit 1.12%
Operating Expenses $1.379M $7.677K $9.650K
YoY Change 6482.34% -50.22%
Operating Profit -$483.0K -$7.677K -$9.650K
YoY Change 2206.59% -50.22%
Interest Expense -$3.000K $1.125K -$7.080K
YoY Change -77.17% -40.16%
% of Operating Profit
Other Income/Expense, Net -$3.000K $0.00 -$2.920K
YoY Change
Pretax Income -$486.0K -$11.34K -$16.73K
YoY Change 1326.06% -60.28%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$486.0K -$11.34K -$16.73K
YoY Change 1326.06% -60.28% -72.62%
Net Earnings / Revenue -26.6%
Basic Earnings Per Share -$0.01 $0.00
Diluted Earnings Per Share -$3.005K -$70.13 -$103.50
COMMON SHARES
Basic Shares Outstanding 161.7M shares 161.7M shares
Diluted Shares Outstanding 43.94M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $65.00K $3.860K $4.350K
YoY Change 333.04% -75.81%
Cash & Equivalents $65.00K $3.859K $293.0K
Short-Term Investments
Other Short-Term Assets $756.0K
YoY Change
Inventory $2.784M
Prepaid Expenses
Receivables $1.089M
Other Receivables $0.00
Total Short-Term Assets $4.694M $15.01K $15.50K
YoY Change 18009.57% -44.18%
LONG-TERM ASSETS
Property, Plant & Equipment $248.0K
YoY Change 14071.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $290.0K
YoY Change
Total Long-Term Assets $2.324M $0.00 $0.00
YoY Change 26460.0% -100.0%
TOTAL ASSETS
Total Short-Term Assets $4.694M $15.01K $15.50K
Total Long-Term Assets $2.324M $0.00 $0.00
Total Assets $7.018M $15.01K $15.50K
YoY Change 20142.28% -57.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $910.0K $7.590K
YoY Change 9147.97%
Accrued Expenses $622.0K $11.96K $8.290K
YoY Change 6379.17% 54.92%
Deferred Revenue
YoY Change
Short-Term Debt $45.00K $45.00K $45.00K
YoY Change -54.82% -32.18%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.123M $71.74K $60.89K
YoY Change 1683.28% -16.53%
LONG-TERM LIABILITIES
Long-Term Debt $101.0K $101.5K $101.5K
YoY Change
Other Long-Term Liabilities $1.396M
YoY Change
Total Long-Term Liabilities $1.497M $101.5K $101.5K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.123M $71.74K $60.89K
Total Long-Term Liabilities $1.497M $101.5K $101.5K
Total Liabilities $3.620M $173.3K $162.4K
YoY Change 2940.74% 101.61%
SHAREHOLDERS EQUITY
Retained Earnings -$33.82M -$6.355M
YoY Change
Common Stock $162.0K $161.7K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$21.60M -$158.3K -$146.9K
YoY Change
Total Liabilities & Shareholders Equity $7.018M $15.01K $15.50K
YoY Change 20142.28% -57.89%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$486.0K -$11.34K -$16.73K
YoY Change 1326.06% -60.28% -72.62%
Depreciation, Depletion And Amortization $10.00K $0.00 $0.00
YoY Change
Cash From Operating Activities -$2.544M -$490.00 -$17.43K
YoY Change 10980.49% -99.18%
INVESTING ACTIVITIES
Capital Expenditures -$177.0K $75.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$177.0K -$75.00K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.692M 0.000
YoY Change 12130.8% -100.0%
NET CHANGE
Cash From Operating Activities -2.544M -490.0 -17.43K
Cash From Investing Activities -177.0K -$75.00K
Cash From Financing Activities 2.692M 0.000
Net Change In Cash -29.08K -490.0 $0.00
YoY Change 2961.05% -126.49%
FREE CASH FLOW
Cash From Operating Activities -$2.544M -$490.00 -$17.43K
Capital Expenditures -$177.0K $75.00K
Free Cash Flow -$2.367M -$92.43K
YoY Change 10209.58%

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DebtInstrumentIncreaseAccruedInterest
6422 usd
imhc Stock Issued During Period Value Conversion Of Debt And Accrued Interest
StockIssuedDuringPeriodValueConversionOfDebtAndAccruedInterest
-46422 usd
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
20991730 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
18143200 shares
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_84B_eus-gaap--NatureOfOperations_zR3OJYxfd6G4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span id="xdx_866_zygWCoj32A5j">Description of Business</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Imperalis Holding Corp. (the “Company” or “IMHC”), a Nevada corporation formed on <span id="xdx_905_edei--EntityIncorporationDateOfIncorporation_dd_c20220101__20220630_zMuMyumNaezg" title="Entity incorporation, date of incorporation">April 5, 2005</span>, is a holding company headquartered at 11411 Southern Highlands Pkwy, Suite 240, Las Vegas, NV 89141. The Company seeks to acquire businesses with high growth potential in diverse industries to multiply rates of return through synergism and consolidating management and accounting information systems.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company also holds three subsidiaries whose operations are currently dormant, CannaCure Sciences, Inc., a Wyoming corporation, The Crypto Currency Mining Company, a Wyoming corporation, and Dollar Shots Club, Inc., a Nevada corporation.</p>
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2005-04-05
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
550 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_847_eus-gaap--UseOfEstimates_zxlSlp1fwH6i" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i><span id="xdx_865_zS6uUSNrkpTh">Use of Estimates</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and footnotes thereto. Actual results could differ from those estimates. Significant estimates inherent in the preparation of the accompanying consolidated financial statements include accounting for depreciation and amortization, equity transactions, and contingencies.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"/>
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2022Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
11150 usd
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Debt Instrument Convertible Liquidation Preference Per Share
DebtInstrumentConvertibleLiquidationPreferencePerShare
1000
CY2021Q4 us-gaap Debt Instrument Convertible Liquidation Preference Per Share
DebtInstrumentConvertibleLiquidationPreferencePerShare
1000
us-gaap Repayments Of Debt
RepaymentsOfDebt
7056 usd
us-gaap Discontinued Operation Provision For Loss Gain On Disposal Before Income Tax
DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax
usd
us-gaap Discontinued Operation Provision For Loss Gain On Disposal Before Income Tax
DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax
usd

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