Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 1067

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 10
Chunk 1067
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 1,053,675 
  
    Other payables-related party 
     7,500  
     - 
  
    Deferred income 
     (379,795) 
     60,088 
  
    Lease liability - operating lease 
     (277,467) 
     (277,682)
  
    Other current liabilities 
     (583,234) 
     - 
  
    Net cash used in operating activities 
     (9,970,680) 
     (6,381,560)

    Discontinued
                                            Operations:

    Losses caused by the termination
    of business 
     (433,566) 
     (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)