Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 275

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1
Chunk 275
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 $1,590,863 
  
    Cost of revenue 
     (781,874) 
     (1,371,228)
  
    Gross profit 
     69,326  
     219,635 

    Operating
    expenses 
     481,426  
     706,235 
  
    Operations Loss 
     (412,100) 
     (486,600)

    Other revenue 
     4,035  
     24,099 
  
    Other income (expense) 
     7  
     (5,019)
  
    Interest
    (expense) income, net 
     (25,495) 
     191 
  
    Loss from discontinued operations before income tax 
     (433,566) 
     (467,329)

    Income tax (expense)/income 
     -  
     (477)
  
    Loss from discontinued operation after tax 
     (433,566) 
     (467,806)

    Losses from asset disposal of discontinued operations 
    $3,639,644  
    $- 

The
major components of assets and liabilities related to discontinued operations are summarized below:

 SCHEDULE OF OPERATING RESULTS, ASSETS AND LIABILITIES OF DISCONTINUED OPERATION

    Year Ended 30-Sep-24  
    Year Ended 30-Sep-23 
  
    ASSETS 

    Current assets: 

    Cash
    & Equivalents 
    $35,845  
    $390,232 
  
    Receivable 
     68,140  
     87,296 
  
    Inventory 
     197,596  
     225,245 
  
    Prepaid
    Expenses 
     13,553  
     4,152 
  
    Property
    and Equipment 
     94,577  
     124,792 
  
    Other
    Assets 
     64,783  
     72,617 
  
    Total assets related to discontinued operations 
     474,494  
     904,334 

    Accounts
    Payable 
    $11,205  
    $66,486
  
    Other Current
    Liabilities 
     76,325  
     25,756 
  
    Reserves
    & Other Liabilities 
     681,058  
     47