Company: IMG
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001493152-25-020586
Chunk: 59

Company: CIMG Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 8
Chunk 59
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 30, 2025 and 2024 are as follows:

    Three Months Ended  
    Three Months Ended 

    June 30, 2025  
    June 30, 2024 
  
    Revenue: 

    Service revenue 
    $-  
    $157,440 
  
    Cost of revenue 
     -  
     (149,875)
  
    Gross (loss)/profit 
     -  
     7,565 

    Operating expenses 
     -  
     (106,480)
  
    Operations Loss 
     -  
     (98,915)

    Interest income (expense), net 
     -  
     829 
  
    Loss from discontinued operations 
     -  
     (98,086)
  
    Losses from asset disposal of discontinued operations 
    $-  
    $(149,677)

7.
INTANGIBLE ASSETS

Identifiable
life intangible assets

As
of June 30, 2025, the Company’s intangible assets consisted of unamortized tradename asset of $57,500 which is being amortized
over five years from the date of acquisition at a rate of $30,000 per year.

Amortization
expense was $22,500 and $22,500 for nine months ended June 30, 2025 and 2024.

Amortization
expense for the next four fiscal years is as follows:

SCHEDULE
OF AMORTIZATION
EXPENSE 

    Tradename Amortization 
  
    2025 
     7,500 
  
    2026 
     30,000 
  
    2027 
     20,000 
  
    Grand Total 
     57,500 

    19

8.
ISSUANCE OF EQUITY SECURITIES

On
April 22,2025, the Company issued 200,000 shares of its common stock for a total value of $118,200 under the 2024 Equity Incentive Plan.

On
June 2, 2025, CIMG Inc., entered into a share purchase agreement (the “Share Purchase Agreement”) with certain non-U.S. investors
(the “Investors”), providing for the private placement of 6,000,000 shares of common stock, par value $0.00001 per share
(the “Common Stock”, or the