Company: IMG
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001493152-25-020586
Chunk: 27

Company: CIMG Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 1
Chunk 27
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     68,587 

    Operating
    expenses 
     -  
     (476,532)
  
    Operations
    Loss 
     -  
     (407,945)

    Other expense 
     -  
     (21,230)
  
    Loss from
    discontinued operations 
     -  
     (429,175)
  
    Losses
    from asset disposal of discontinued operations 
    $-  
    $(149,677)

The
losses from discontinued operations for three months ended June 30, 2025 and 2024 are as follows:

    Three Months Ended  
    Three Months Ended 

    June 30, 2025  
    June 30, 2024 
  
    Revenue: 

    Service revenue 
    $-  
    $157,440 
  
    Cost of revenue 
     -  
     (149,875)
  
    Gross (loss)/profit 
     -  
     7,565 

    Operating expenses 
     -  
     (106,480)
  
    Operations Loss 
     -  
     (98,915)

    Interest income (expense), net 
     -  
     829 
  
    Loss from discontinued operations 
     -  
     (98,086)
  
    Losses from asset disposal of discontinued operations 
    $-  
    $(149,677)

7.
INTANGIBLE ASSETS

Identifiable
life intangible assets

As
of June 30, 2025, the Company’s intangible assets consisted of unamortized tradename asset of $57,500 which is being amortized
over five years from the date of acquisition at a rate of $30,000 per year.

Amortization
expense was $22,500 and $22,500 for nine months ended June 30, 2025 and 2024.

Amortization
expense for the next four fiscal years is as follows:

SCHEDULE
OF AMORTIZATION
EXPENSE 

    Tradename Amortization 
  
    2025 
     7,500 
  
    2026 
     30,000 
  
    2027 
     20,000 
  
    Grand Total 
     57,500 

    19

8.
ISSUANCE OF EQUITY SEC