Company: IMG
Filing Date: 2025-11-07
Form Type: 10-Q/A
Source: 0001493152-25-021258
Chunk: 24

Company: CIMG Inc.
Filing Date: 2025-11-07
Form: 10-Q/A
Chunk 24
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----|:--|--------------:|
| P.R.C                       |                              |   |    2,318 |     |   |         2,268 |
| Property and equipment, net |                              | $ |    2,318 |     | $ |         2,268 |

5. RELATED PARTY TRANSACTIONS

As of June 30, 2025, the directors of Wewin Technology LLC paid an administrative fee of $ 38,500on behalf of CIMG INC. The company expects to clear and repay this related-party transaction before September 30, 2025.

6. DISCONTINUED OPERATIONS

On June 7, 2024, the Company’s board of directors passed a resolution to sale (1) NuZee KOREA Ltd a company incorporated in Korea and a wholly-owned subsidiary of the Company; and (2) NuZee Investment Co., Ltd, a company incorporated in Japan and a wholly-owned subsidiary of the Company. The discontinuation of the business is primarily due to strategic considerations by the management regarding the company’s overall development, as well as the need to ensure administrative consistency.

| 18 |

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

SCHEDULE OF LOSSES FROM ASSET DISPOSAL OF DISCONTINUED OPERATIONS

|                                                |     | Nine Months 
 Ended       
 June        
 30, 2025    |   |     | Nine Months 
 Ended       
 June        
 30, 2024    |          |   |
|:-----------------------------------------------|:----|:------------|:--|:----|:------------|---------:|:--|
| Revenue:                                       |     |             |   |     |             |          |   |
| Service                                        
 revenue                                        |     | $           | - |     | $           |  842,121 |   |
| Cost of revenue                                |     |             | - |     |             | (773,534 | ) |
| Gross (loss)/profit                            |     |             | - |     |             |   68,587 |   |
| Operating                                      
 expenses                                       |     |             | - |     |             | (476,532 | ) |
| Operations                                     
 Loss                                           |     |             | - |     |             | (407,945 | ) |
| Other expense                                  |     |             | - |     |             |  (21,