Company: IMG
Filing Date: 2025-07-30
Form Type: 10-K/A
Source: 0001641172-25-021542
Chunk: 104

Company: CIMG Inc.
Filing Date: 2025-07-30
Form: 10-K/A
Chunk 104
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 history with customers and their current financial condition. Bad debts expense or write offs of
receivables are determined on the basis of loss experience, known and inherent risks in the receivable portfolio and current
economic conditions. The Company had $3,450,141
of allowance for expected credit loss as of September 30, 2024 and $117,015
allowance for expected credit loss as of September 30, 2023.

SCHEDULE OF ACCOUNTS RECEIVABLES

|                                          |     | 2024 | September 30. |   |     | 2023 | September 30, |   |
|:-----------------------------------------|:----|:-----|--------------:|:--|:----|:-----|--------------:|:--|
| Accounts receivable                      |     | $    |     3,450,141 |   |     | $    |       616,597 |   |
| Less: allowance for expected credit loss |     |      |    (3,450,141 | ) |     |      |      (117,015 | ) |
| Total accounts receivable                |     | $    |             - |   |     | $    |       499,582 |   |

Assets Held for Sale-Current

As of September 30, 2024, assets held for sale-current totaled $10,736 (September 30, 2023: $Nil), primarily comprising
equipment classified as held for sale.

SCHEDULE OF ASSETS HELD FOR SALE

|                                         |     | September 
 30,       
 2024      |          |   |     | September 
 30,       
 2023      |   |
|:----------------------------------------|:----|:----------|---------:|:--|:----|:----------|:--|
| Non-Current Assets Held for Sale        |     |           |  214,709 |   |     |           | - |
| Property and equipment asset impairment |     |           | (203,973 | ) |     |           | - |
| Total                                   |     |           |   10,736 |   |     |           | - |

Major Customers

For the years ended September 30, 2024 and
2023, the Company’s largest single source of revenue was from one major customer disclosed below.

For the year ended September 30, 2024:

SCHEDULE OF REVENUE BY MAJOR CUSTOMERS

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