Company: IMG
Filing Date: 2025-07-30
Form Type: 10-K/A
Source: 0001641172-25-021542
Chunk: 119

Company: CIMG Inc.
Filing Date: 2025-07-30
Form: 10-K/A
Chunk 119
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4 is 103,889.

On March 1, 2024,CFG MERCHANT SOLUTIONS lent a
total of $200,000 to the company, and the agreed repayment amount was $246,000. The outstanding balance on the loan at September 30, 2024
amounted to $95,671.

On April 18, 2024, SOONCHA KIM lent the company
$320,000 with an annual interest rate of 7%.The outstanding balance on the loan at September 30, 2024 amounted to $320,926.

On July 2024, the Company secured unsecured financing in the aggregate amount of $ 1,400,021(the “Loan”) from various individual and institutional lenders to support its ongoing business operations. The Loan was structured with a one-year maturity term and carried no interest obligation. Subsequently, on October 22, 2024, the lenders exercised their right to convert the full outstanding principal amount of the Loan into equity through a stock subscription agreement.

| F-15 |

4. GEOGRAPHIC CONCENTRATIONS

The Company operates primarily within a single business segment, despite distributing its products globally. Its operations are organized into two geographic regions: North America and China. The Company jointly manufactures and markets its products in these regions. The tables below present net revenue and property and equipment, net, by geographic area for the years ended September 30, 2024 and 2023:

SCHEDULE OF GEOGRAPHICAL OPERATIONS

|               |     |   | September 30, 
          2024 |     |   | September 30, 
          2023 |
|:--------------|:----|:--|--------------:|:----|:--|--------------:|
| Net Revenue:  |     |   |               |     |   |               |
| North America |     | $ |     1,924,293 |     | $ |     1,757,968 |
| China         |     |   |         5,998 |     |   |             - |
| Revenues, net |     | $ |     1,930,291 |     | $ |     1,757,968 |

|                              |     |   | September 30, 
          2024 |     |   | September 30, 
          2023 |
|:-----------------------------|:----|:--|--------------:|:----|:--|--------------