Company: IMG
Filing Date: 2025-11-18
Form Type: 10-Q/A
Source: 0001493152-25-024063
Chunk: 23

Company: CIMG Inc.
Filing Date: 2025-11-18
Form: 10-Q/A
Chunk 23
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|                                   |     | Number of 
 Shares    |         |   |     | Weighted 
 Average  
 Exercise 
 Price    |        |     | Weighted     
 Average      
 Remaining    
 Contractual  
 Life (years) |      |     | Aggregate 
 Intrinsic 
 Value     |   |
|:----------------------------------|:----|:----------|--------:|:--|:----|:---------|-------:|:----|:-------------|-----:|:----|:----------|:--|
| Outstanding on September 30, 2024 |     |           |  20,430 |   |     | $        | 177.44 |     |              | 0.02 |     | $         | - |
| Granted                           |     |           |       - |   |     |          |      - |     |              |    - |     |           | - |
| Exercised                         |     |           |       - |   |     |          |      - |     |              |    - |     |           | - |
| Expired                           |     |           | (20,430 | ) |     |          | 177.44 |     |              | 0.02 |     |           | - |
| Forfeited                         |     |           |       - |   |     |          |      - |     |              |    - |     |           | - |
| Outstanding on December 31, 2024  |     |           |       - |   |     |          |      - |     |              |    - |     | $         | - |
| Exercisable on December 31, 2024  |     |           |       - |   |     | $        |      - |     |              |    - |     | $         | - |

The Company is expensing these stock option awards on a straight-line basis over the requisite service period. The Company recognized stock option expense of $ Nil and $ 11,505 for three months ended December 31 2024, and 2023, respectively.

| 19 |

Warrants

On October 18, 2024, the holders of warrants issued by the Company exercised its cashless option to purchase an aggregate of 55,973shares of the Company’s common stock pursuant to warrants issued by the Company. Such warrants were previously issued pursuant to the convertible note and warrant purchase agreement dated April 27, 2024,