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DIVIDEND PAYABLE IN TURNONGREEN COMMON STOCK | 6 Months Ended
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Jun. 30, 2024
Dividend Payable In Turnongreen Common Stock |
DIVIDEND PAYABLE IN TURNONGREEN COMMON STOCK | 16. DIVIDEND PAYABLE IN TURNONGREEN COMMON STOCK In March 2024, the Company, in connection with a planned distribution of its common stock holdings of TurnOnGreen, announced the distribution to its stockholders 25.0 million shares of TurnOnGreen common stock and warrants to purchase 25.0 million shares of TurnOnGreen common stock, which resulted in an adjustment to additional paid in capital and increase to non-controlling interest of $4.9 million based on the recorded value of the Company’s holdings in TurnOnGreen at the record date of the distribution.

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