Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 120

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1A
Chunk 120
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 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 
  
    Property and equipment, net: 

    North America 
    $2,268  
    $184,763 
  
    Property and equipment, net 
    $2,268  
    $184,763 

5. RELATED PARTY TRANSACTIONS

On August 20, 2024, the Company entered into a convertible note purchase agreement (the “Purchase
Agreement”) with certain investors (the “August Notes Investors”) to issue and sell convertible notes in the aggregate
principal amount of $1,300,000 (the “August Notes”).  Among the investors, the owner of METAVERSE INTELLIGENCE TECH LTD is a director of Wewin Technology LLC, a subsidiary
of CIMG INC.

As of September 30, 2024, the directors of Wewin Technology LLC paid an administrative fee of $7,500 on behalf
of CIMG INC.

During the year ended September 30, 2024, the relevant
trading volume generated by CIMG Inc was $326,721.

During the year ended September 30, 2023, NuZee
KOREA Ltd sold single serve pour over and coffee brew bag coffee products worth $648, to Mystery Golf Ltd., a company owned by the
chief executive officer of NuZee KOREA Ltd.

6. DISCONTINUED OPERATIONS

On
June 7, 2024, the company’s board of directors passed a resolution to sale (1) NuZee KOREA Ltd a company incorporated in Korea
and a wholly-owned subsidiary of the Company; and (2) NuZee Investment Co