Company: IMG
Filing Date: 2025-11-18
Form Type: 10-Q/A
Source: 0001493152-25-024063
Chunk: 34

Company: CIMG Inc.
Filing Date: 2025-11-18
Form: 10-Q/A
Chunk 34
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 |   |     | $ | 841,398 |   |     | $      | (834,024 | ) |     |     | (99.12 | )% |
| Gross profit (loss)   |     |                    | 15,479 |   |     | $ | 124,534 |   |     | $      | (109,055 | ) |     |     | (87.57 | )% |
| Gross profit (loss) % |     |                    |  67.73 | % |     |   |   12.89 | % |     |        | -        |   |     |     | -      |    |

For the three months ended December 31, 2024, we recorded a gross profit of $15,479, compared to a gross profit of $124,534 for the same period in 2023. Our gross profit margin was 67.73% for the three months ended December 31, 2024, compared to 12.89% for the prior-year period. The improvement in gross performance was primarily attributable to cost reductions resulting from the introduction of new products.

Operating Expenses

|                    |     | Three months ended 
 December 31,       |      2024 |     |   |      2023 |     | Change | Dollars  |   |     |     | %      |    |
|:-------------------|:----|:-------------------|----------:|:----|:--|----------:|:----|:-------|:---------|:--|:----|:----|:-------|:---|
| Operating Expenses |     | $                  | 1,517,758 |     | $ | 2,145,642 |     | $      | (627,884 | ) |     |     | (29.26 | )% |

For the three months ended December 31, 2024, the Company’s operating expenses were $1,517,758, representing a decrease of approximately 29.26% compared to $2,145,642 for the same period in 2023. The reduction was primarily driven by lower warehousing costs, decreased labor remuneration, and reduced professional service fees during the current period.

Net Loss

|          |     | Three months ended 
 December 31,       |      2024 |     |   |      2023 |     | Change | Dollars  |   |     |