Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 598

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 4
Chunk 598
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     - 
  
    Interest income(expense), net 
     7,582  
     - 

    Sub-Lease Commissions 
     -  
     - 

    Forgiveness of Loan Payable and Other payables 
     (1,847) 
     - 

    Change in operating assets and liabilities: 

    Accounts receivable 
     499,582 
     (329,219)
  
    Inventories 
     (3,775,210) 
     16,882
  
    Prepaid expenses and other current assets 
     (280,999) 
     143,165 
  
    Other assets 
     7,060  
     9,414 
  
    Accounts payable, Accrued Expenses & Other
    Current Liabilities 
     175,302  
     1,053,675 
  
    Other payables-related party 
     7,500  
     - 
  
    Deferred income 
     (379,795) 
     60,088 
  
    Lease liability - operating lease 
     (277,467) 
     (277,682)
  
    Other current liabilities 
     (583,234) 
     - 
  
    Net cash used in operating activities 
     (9,970,680) 
     (6,381,560)

    Discontinued
                                            Operations:

    Losses caused by the termination
    of business 
     (433,566) 
     (467,806)
  
    Adjustments
                                            to reconcile net income (loss) to net cash

    Interest
    income(expense), net 
     25,495  
     191 
  
    Depreciation
    from discontinued operations 
     3,728  
     7,112 
  
    Changes
    in operating assets and liabilities 
     277,241  
     (406,142)
  
    Cash
    flows generated from discontinued business operations 
     (127,102) 
     (866,645)

    Investing activities: 

    Purchase of property and equipment 
     (319,843) 
     (31,813)

    Acquisition of subsidiary 
     (200) 
     - 
  
    Net cash used in investing activities 
     (320,043) 
     (31,813)