Company: IMG
Filing Date: 2025-11-18
Form Type: 10-Q/A
Source: 0001493152-25-024067
Chunk: 35

Company: CIMG Inc.
Filing Date: 2025-11-18
Form: 10-Q/A
Chunk 35
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----|:--------|:---------|:--|:----|:--|:--------|:---|
| Revenue |     | $                  | - |     | $    | 323,406 |     | $       | (323,406 | ) |     |   | (100.00 | )% |

For the three months ended March 31, 2025, revenue decreased by $323,406, or approximately100.00%, compared to the same period in 2024. The decline was primarily attributable to a significant reduction in sales of the Company’s original single-bag coffee products, which did not generate any revenue during the period. This quarter, the main focus was on expanding the sales channels of maca series products. The management actively expanded the distribution channels and increased product launch activities to lay a more solid foundation for the revenue growth in the subsequent quarters.

Cost of sales and gross margin

|                       |     | Three months ended 
 March 31,          
 2025               |   |   |     | 2024 |          |    |     | Change  
 Dollars |          |   |     | % |         |    |
|:----------------------|:----|:-------------------|:--|:--|:----|:-----|---------:|:---|:----|:--------|:---------|:--|:----|:--|:--------|:---|
| Cost of sales         |     | $                  | - |   |     | $    |  479,911 |    |     | $       | (479,911 | ) |     |   | (100.00 | )% |
| Gross profit (loss)   |     |                    | - |   |     | $    | (156,505 | )  |     | $       | (156,505 | ) |     |   | (100.00 | )% |
| Gross profit (loss) % |     |                    | - | % |     |      |   (48.39 | )% |     |         | -        |   |     |   | -       |    |

For the three months ended March 31, 2025, we recorded a gross profit of $Nil, compared to a gross loss of $156,505 for the same period in 2024. Our gross profit margin was Nil% for the three months ended March 31, 2025, compared to (48.39