Company: IMG
Filing Date: 2025-11-07
Form Type: 10-Q/A
Source: 0001493152-25-021258
Chunk: 43

Company: CIMG Inc.
Filing Date: 2025-11-07
Form: 10-Q/A
Chunk 43
---
2025.

Contractual Obligations

Our significant contractual cash requirements as of June 30, 2024, include payments for operating and finance lease liabilities. Additionally, we may incur purchase obligations in the ordinary course of business that are enforceable and legally binding and enter into enforceable agreements to purchase goods or services that specify all significant terms, including fixed or minimum quantities to be purchased and fixed or estimated prices to be paid at the time of settlement. As of June 30, 2025, we had payments for lease obligations of approximately $97,486. We had no purchase obligations as of June 30, 2025.

| 28 |

Summary of Cash Flows

|                                                          |     | Nine         
 Months Ended 
 June         
 30,          |        2025 |   |     |   |       2024 |   |
|:---------------------------------------------------------|:----|:-------------|------------:|:--|:----|:--|-----------:|:--|
| Cash                                                     
 used in operating activities                             |     | $            | (11,233,693 | ) |     | $ | (4,270,542 | ) |
| Cash                                                     
 used in investing activities                             |     | $            |      19,692 |   |     | $ |   (310,342 | ) |
| Cash                                                     
 provided by financing activities                         |     | $            |  10,964,632 |   |     | $ |  3,626,638 |   |
| Cash                                                     
 provided by operating activities-discontinued operations |     | $            |           - |   |     |   |    311,578 |   |
| Effect                                                   
 of foreign exchange on cash                              |     | $            |    -178,895 |   |     | $ |     34,257 |   |
| Net                                                      
 change in cash                                           |     | $            |    (428,264 | ) |     | $ |   (608,411 | ) |

Operating Activities

Net cash used in operating activities from continuing operations was $11,233,693 for the nine months ended June 30, 2025, compared to
$4,270,542 for the same period in 2024. The cash outflows were primarily related to purchases of raw materials and inventory, office rent,
legal fees, and other professional expenses. Operating activities from discontinued operations provided no cash inflow for the nine months
ended June