Company: IMG
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001493152-25-020586
Chunk: 6

Company: CIMG Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 1
Chunk 6
---
613)
  
    Balance  
     2,387,434  
     24  
     78,266,339  -
     (78,614,726) 
     154,750  -
     (193,613)

The
accompanying notes are an integral part of these unaudited consolidated financial statements.

5

CIMG
Inc.

CONSOLIDATED
STATEMENTS OF CASH FLOWS

(UNAUDITED)

    Nine Months Ended  
    Nine Months Ended 

    June 30, 2025  
    June 30, 2024 

    Operating activities: 

    Net loss from continuing operations 
    $(2,990,047) 
    $(5,242,739)
  
    Losses caused by the termination of business 
     -  
     (429,175)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Depreciation and amortization 
     23,095  
     142,107 
  
    Noncash lease expense 
     93,351  
     308,788 
  
    Stock option expense 
     -  
     83,739 
  
    Bad debt expense 
     -  
     24,049 
  
    Equity Incentive 
     641,880  
     - 
  
    Loss from equity method investment 
     -  
     3,789 
  
    Loss on acquisition of subsidiary 
     20,210  
     - 
  
    Change in operating assets and liabilities: 

    Accounts receivable 
     (62,032) 
     103,688 
  
    Inventories 
     (7,278,644) 
     (164,341)
  
    Prepaid expenses and other current assets 
     (860,895) 
     173,142 
  
    Other assets 
     -  
     4,707 
  
    Accounts payable 
     (691,619) 
     564,335 
  
    Deferred income 
     -  
     (354,668)
  
    Lease liability – operating lease 
     (97,486) 
     (383,542)
  
    Accrued expenses and other current liabilities 
     (31,506) 
     - 
  
    Other non