Company: IMG
Filing Date: 2025-11-18
Form Type: 10-Q/A
Source: 0001493152-25-024067
Chunk: 36

Company: CIMG Inc.
Filing Date: 2025-11-18
Form: 10-Q/A
Chunk 36
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)% for the prior-year period. This is because in this quarter, the main focus was on expanding the sales channels of maca series products, and the products did not generate any revenue.

Operating Expenses

|                    |     | Three months ended 
 March 31,          |    2025 |     |   |      2024 |     | Change | Dollars  |   |     |     | %      |    |
|:-------------------|:----|:-------------------|--------:|:----|:--|----------:|:----|:-------|:---------|:--|:----|:----|:-------|:---|
| Operating Expenses |     | $                  | 752,677 |     | $ | 1,267,063 |     | $      | (514,386 | ) |     |     | (40.60 | )% |

For the three months ended March 31, 2025, the Company’s operating expenses were $752,677, representing a decrease of approximately 40.60% compared to $1,267,063 for the same period in 2024. 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 
 March 31,          |    2025 |     |   |      2024 |     | Change | Dollars    |   |     |     | %      |    |
|:---------|:----|:-------------------|--------:|:----|:--|----------:|:----|:-------|:-----------|:--|:----|:----|:-------|:---|
| Net Loss |     | $                  | 385,556 |     | $ | 1,653,931 |     | $      | (1,268,375 | ) |     |     | (76.69 | )% |

For the three months ended March 31, 2025, we incurred a net loss of $385,556, compared to a net loss of $1,653,931 for the same period in 2024. The decrease in net loss was primarily attributable to reductions in product costs, storage expenses, employee compensation, and professional service fees during the current period.

| 23 |

Comparison of six months ended March 31, 2025 and 2024

Revenue

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