Company: IMG
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001641172-25-025514
Chunk: 5

Company: CIMG Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Item 1
Chunk 5
---

     (307,044)

    Financing
    activities: 

    Repayment
    from loans 
     (1,486,996) 
     (2,021)
  
    Repayment
    of finance lease 
     -  
     (7,797)
  
    Proceeds
    from equipment finance 
     -  
     262,893 
  
    Proceeds
    from issuance of convertible notes 
     678,308  
     - 
  
    Proceeds
    from exercise of options 
     -  
     177,864 
  
    Proceeds
    from issuance of common stock, exercise of stock options 
     2,000,000  
     1,099,254 
  
    Proceeds
    from private placement 
     -  
     129,662 
  
    Net
    cash provided by financing activities 
     1,191,312  
     1,659,855 

    Effect
    of foreign exchange on cash 
     (192,038) 
     42,408 

    Net
    change in cash 
     (339,507) 
     (866,802)

    Cash,
    beginning of period 
     464,222  
     982,869 
  
    Cash,
    end of period 
    $124,715  
     116,067 

    Supplemental
    disclosure of cash flow information: 

    Cash
    paid for interest 
     -  
    $782 
  
    Cash
    paid for taxes 
     -  
    $1,288 

    Noncash
    investing and financing activities: 

    Deferred
    Stock Offering cost accrued ROU assets and liabilities added during the period 
    $32,092  
     105,825 

The
accompanying notes are an integral part of these consolidated financial statements.

8

CIMG
Inc.

Notes
to Consolidated Financial Statements (unaudited)

December
31, 2024

1.
ORGANIZATION

CIMG
Inc. is a company incorporated in Nevada and listed on Nasdaq since June 2020. We were formerly known as “Nuzee, Inc.” with
a previous ticker symbol “NUZE”, and we changed our corporate name and ticker symbol to “CIMG Inc.” and “IMG”