Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 1195

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 16
Chunk 1195
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 of $(62,308) for the years ended September 30, 2024 

The Company recognized stock option expense of
$288,030
for the years ended September 30, 2023.

Unamortized option expense as of September 30, 2024, for all outstanding
options amounted to $nil.
These costs are expected to be recognized over a weighted-average period of 0
year.

During the year ended September 30, 2024, 76,028 stock
options were forfeited or expired because of termination of employment, expiration of options and performance conditions not met.

The following table summarizes stock option activity
for the year ended September 30, 2024.

SCHEDULE OF STOCK OPTION ACTIVITY 

    Number of Shares  
    Weighted Average Exercise
                                                                                                                                                                                                                                                                                                                 Price  
    Weighted Average Remaining Contractual Life (years)  
    Aggregate Intrinsic Value 
  
    Outstanding on September 30, 2023 
     96,458  
    $150.39  
     5.84  
    $- 
  
    Granted 
     -  
     -  
     -  
     - 
  
    Exercised 
     -  
     -  
     -  
     - 
  
    Expired 
     (54,647) 
     167.02  
     -  
           - 
  
    Forfeited 
     (21,381) 
     87.14  
     0.03  
     - 
  
    Outstanding on September 30, 2024 
     20,430  
     177.44  
     0.02  
    $- 

    Exercisable on September 30, 2024 
     20,430  
    $177.44  
     0.02  
    $- 

During the year ended September 30, 2023,
the Company issued 0 shares of Common Stock upon the exercise of outstanding stock options and 23,192 stock options were forfeited or
expired because of termination of employment, expiration of options and performance conditions not met. 

    F-17

The following table summarizes stock option activity
for the year ended September 30, 2023.

    Number of Shares  
    Weighted Average Exercise