Company: IMG
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001493152-25-020586
Chunk: 58

Company: CIMG Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 8
Chunk 58
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    Property and equipment, net: 
    June 30,
                                                                               2025  
    September 30,
                                                                               2024 
  
    P.R.C 
     2,318  
     2,268 
  
    Property and equipment, net  
    $2,318  
    $2,268 

5.
RELATED PARTY TRANSACTIONS

As
of June 30, 2025, the directors of Wewin Technology LLC paid an administrative fee of $38,500 on behalf of CIMG INC. The company expects
to clear and repay this related-party transaction before September 30, 2025.

6.
DISCONTINUED OPERATIONS

On
June 7, 2024, the Company’s board of directors passed a resolution to sale (1) NuZee KOREA Ltd a company incorporated in Korea
and a wholly-owned subsidiary of the Company; and (2) NuZee Investment Co., Ltd, a company incorporated in Japan and a wholly-owned subsidiary
of the Company. The discontinuation of the business is primarily due to strategic considerations by the management regarding the company’s
overall development, as well as the need to ensure administrative consistency.

    18

The
losses from discontinued operations for nine months ended June 30, 2025 and 2024 are as follows:

SCHEDULE OF LOSSES FROM ASSET DISPOSAL OF DISCONTINUED OPERATIONS 

    Nine Months
                                                                                              Ended  
    Nine Months
                                                                                              Ended 

    June
    30, 2025  
    June
    30, 2024 
  
    Revenue: 

    Service
    revenue 
    $-  
    $842,121 
  
    Cost of revenue 
     -  
     (773,534)
  
    Gross (loss)/profit 
     -  
     68,587 

    Operating
    expenses 
     -  
     (476,532)
  
    Operations
    Loss 
     -  
     (407,945)

    Other expense 
     -  
     (21,230)
  
    Loss from
    discontinued operations 
     -  
     (429,175)
  
    Losses
    from asset disposal of discontinued operations 
    $-  
    $(149,677)

The
losses from discontinued operations for three months ended June