Company: IMG
Filing Date: 2025-11-18
Form Type: 10-Q/A
Source: 0001493152-25-024067
Chunk: 15

Company: CIMG Inc.
Filing Date: 2025-11-18
Form: 10-Q/A
Chunk 15
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31, 2025 and 2024, the Company has no sales allowances for estimated chargebacks and returns, respectively.

Accounts payable and accrued expenses

As of March 31, 2025 and September 30, 2024, the accounts payable are $ 465,157and $ 1,098,582respectively.

As of March 31, 2025 and September 30, 2024, the accrued expenses are $ 1,069,930and $ 1,141,755respectively, it mainly includes the accounts payable settlement costs of Nuzee single-serving coffee and DRIPKIT products.

Accounts payable and accrued expenses as of March 31, 2025 and September 30, 2024 are as follows:

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES

|                  |     |     | March 31, 
      2025 |     |     | September 30, 
          2024 |
|:-----------------|:----|:----|----------:|:----|:----|--------------:|
| Accounts payable |     |     |   465,157 |     |     |     1,098,582 |
| Accrued expenses |     |     | 1,069,930 |     |     |     1,141,755 |
| Total            |     |     | 1,535,087 |     |     |     2,240,337 |

Other current liabilities

As of March 31, 2025 and September 30, 2024, the other current liabilities are $ 469,217 and $ 586,173 respectively. The mainly achieved through financing to purchase equipment and pay for the goods.

Cost Recognition

The Maca Series products are pure plant products that we purchase maca raw materials and entrust to process. Therefore, the raw materials - the procurement cost of maca, the packaging cost of goods, the freight cost of goods and so on.

| 11 |

Operating expenses

For the six months ended Mach 31, 2025, the operating expenses were $ 2,270,435. This mainly includes personnel costs of $ 697,232, sales and marketing expenses of $ 159,285, depreciation and amortization of $ 15,513, professional services such as lawyers, auditors and consultants of $ 1,179,238, travel expenses of $ 63,721, office expenses of $