Company: IMG
Filing Date: 2025-11-07
Form Type: 10-Q/A
Source: 0001493152-25-021258
Chunk: 16

Company: CIMG Inc.
Filing Date: 2025-11-07
Form: 10-Q/A
Chunk 16
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2024, the other income was $ 412,580. It is mainly because of the rental income.

Other Expense

Other expense of $ 54,866and $ 145,140for the nine months ended June 30, 2025 and 2024, respectively, primarily includes write off of deferred financing costs and sublease expense.

Prepaid expenses and other current assets

Prepaid expenses and other current assets for thenine months ended June 30, 2025 and September 30, 2024 is as follows:

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS

|                      |     |   |  June 30, 
      2025 |     |   | September 30, 
          2024 |
|:---------------------|:----|:--|----------:|:----|:--|--------------:|
| Prepaid expenses     |     | $ |    88,893 |     | $ |       197,217 |
| Other current assets |     |   | 1,160,064 |     |   |       185,431 |
| Total                |     | $ | 1,248,957 |     | $ |       382,648 |

The Prepaid expenses and other current assets balance of $ 1,248,957as of June 30, 2025 primarily consists of deposit, Barcode fee ,a retainer for professional services, employee petty cash advances, and input VAT pending certification for deduction.

Inventory, net

Inventories, net, consisting principally of raw materials and finished goods held for production and sale, is stated at the lower cost or net realizable value, cost being determined using the weighted average cost method. The Company reviews inventory levels at least quarterly and records a valuation allowance when appropriate. On June 30, 2025, the carrying value of inventory of $ 11,882,544.

SCHEDULE OF INVENTORY

|                |     |   |   June 30, 
       2025 |     |   | September 30, 
          2024 |
|:---------------|:----|:--|-----------:|:----|:--|--------------:|
| Raw materials  |     | $ | 11,744,380 |     | $ |     4,490,728 |
| Finished goods |     | $ |    138,164 |     |   |        57,307 |
| Total          |