Company: IMG
Filing Date: 2025-11-18
Form Type: 10-Q/A
Source: 0001493152-25-024067
Chunk: 38

Company: CIMG Inc.
Filing Date: 2025-11-18
Form: 10-Q/A
Chunk 38
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, we recorded a gross profit of $15,479, compared to a gross loss of $31,971 for the same period in 2024. Our gross profit margin was 67.73% for the six months ended March 31, 2025, compared to a gross loss margin of 2.48% for the prior-year period. The improvement in gross performance was primarily driven by cost reductions resulting from the introduction of new products and the expansion of new sales channels.

Operating Expenses

|                    |     | Six months ended 
 March 31,        |      2025 |     |   |      2024 |     | Change | Dollars    |   |     |     | %      |    |
|:-------------------|:----|:-----------------|----------:|:----|:--|----------:|:----|:-------|:-----------|:--|:----|:----|:-------|:---|
| Operating Expenses |     | $                | 2,270,435 |     | $ | 3,412,705 |     | $      | (1,142,270 | ) |     |     | (33.47 | )% |

For the six months ended March 31, 2025, the Company’s operating expenses were $2,270,435, representing a decrease of approximately 33.47% compared to $3,412,705 for the same period in 2024. The reduction was primarily attributable to lower warehousing costs, decreased labor remuneration, and reduced professional service fees during the current period.

Net Loss

|          |     | Six months ended 
 March 31,        |      2025 |     |   |      2024 |     | Change | Dollars    |   |     |     | %      |    |
|:---------|:----|:-----------------|----------:|:----|:--|----------:|:----|:-------|:-----------|:--|:----|:----|:-------|:---|
| Net Loss |     | $                | 1,921,805 |     | $ | 3,802,542 |     | $      | (1,880,737 | ) |     |     | (49.46 | )% |

For the six months ended March 31, 2025, we incurred a net loss of $1,921,805, compared to a net loss of $