Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 922

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 7A
Chunk 922
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467,806)
  
    Adjustments
                                            to reconcile net income (loss) to net cash

    Interest
    income(expense), net 
     25,495  
     191 
  
    Depreciation
    from discontinued operations 
     3,728  
     7,112 
  
    Changes
    in operating assets and liabilities 
     277,241  
     (406,142)
  
    Cash
    flows generated from discontinued business operations 
     (127,102) 
     (866,645)

    Investing activities: 

    Purchase of property and equipment 
     (319,843) 
     (31,813)

    Acquisition of subsidiary 
     (200) 
     - 
  
    Net cash used in investing activities 
     (320,043) 
     (31,813)

    Financing activities: 

    Proceeds from loans 
     1,919,961  
     - 
  
    Repayment of loans 
     (4,753) 
     (7,939)
  
    Repayment of finance lease 
     (26,048) 
     (28,092)
  
    Cash paid for offering costs 

    Proceeds from issuance of convertible notes 
     1,620,000  
     - 
  
    Proceeds from issuance of convertible notes-related party 
     300,000  
     - 
  
    Proceeds from issuance
    of common stock, 
     1,277,113  
     - 
  
    Proceeds
    from private placement 
     4,499,999  
     - 
  
    Net cash provided by (used in) financing activities 
     9,586,272 
     (36,031)

    Effect of foreign exchange on
    cash 
     312,906  
     36,599 

    Net change in cash 
     (518,647) 
     (7,279,450)

    Cash and cash equivalent,
    beginning of period 
     982,869  
     8,262,319 
  
    Cash and cash equivalent,
    end of period 
    $464,222  
    982,869 

    Supplemental disclosure of cash flow information: 

    Cash paid for interest 
    $1,961  
    4