Company: IMG
Filing Date: 2025-09-24
Form Type: 10-Q
Source: 0001493152-25-014748
Chunk: 25

Company: CIMG Inc.
Filing Date: 2025-09-24
Form: 10-Q
Item: Item 1
Chunk 25
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 31, 2025, the directors of Wewin Technology LLC paid an administrative fee of $28,500
on 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.

The
losses from discontinued operations for six months ended March 31, 2025 and 2024 are as follows: 

 SCHEDULE OF LOSSES FROM ASSET DISPOSAL OF DISCONTINUED OPERATIONS 

    Six Months
                                                                                Ended  
    Six Months
                                                                                Ended 

    March
    31, 2025  
    March
    31, 2024 
  
    Revenue 
    $-  
    $670,409 
  
    Cost of revenue 
     -  
     (609,388)
  
    Gross profit 
     -  
     61,021 

    Operating
    expenses 
     -  
     (370,052)
  
    Operations Loss 
     -  
     (309,031)

    Other revenue 
     -  
     3,943 
  
    Other expense 
     -  
     (26,172)
  
    Interest income
    (expense), net 
     -  
     170 
  
    Loss from discontinued operations
    before income tax 
     -  
     (331,090)

    Income tax
    (expense)/income 
     -  
     - 
  
    Loss from discontinued operation
    after tax 
     -  
     (331,090)

    Losses
    from asset disposal of discontinued operations 
    $-  
    $(331,090)

    16

The
losses from discontinued operations for three months ended March 31, 2025 and 2024 are as follows:

    Three