Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 1149

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 15
Chunk 1149
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     - 
  
    Forfeited 
     (19,849) 
     105.27  
     4.17  
     - 
  
    Outstanding on September 30, 2023 
     96,458  
     150.39  
     5.84  
    $- 

    Exercisable on September 30, 2023 
     72,429  
    $173.24  
     4.99  
    $- 

A summary of the status of the Company’s nonvested
options as of September 30, 2024 and 2023, are presented below: 

SCHEDULE OF NONVESTED OPTIONS 

    Number of Nonvested Options  
    Weighted Average Grant Date Fair Value 
  
    Nonvested options on September 30, 2022 
     50,009  
    $154.24 
  
    Granted 
     6,000  
    $5.30 
  
    Forfeited 
     (19,849) 
    $104.41 
  
    Vested 
     (12,131) 
    $307.72 
  
    Nonvested options on September 30, 2023 
     24,029  
    $81.33 
  
    Granted 
     -  
    $- 
  
    Forfeited 
     (21,381) 
    $84.75 
  
    Vested 
     (2,648) 
    $90.28 
  
    Nonvested options on September 30, 2024 
     -  
    $- 

Warrants

2024 Warrants

On November 9, 2023,
the Company entered into a subscription agreement of common stock and warrant, which sold an accredited investor to 46,800 shares
of Common Stock, together with warrants to purchase a total of approximately 5,200 shares of Common Stock at an exercise price of $2.77
per share. The warrants have a five year term and are exercisable upon the six-month anniversary of the original issuance date. The Subscription
Shares were issued with a purchase price of $129,636. The company has received purchase price of $129,662.8 on Nov 19, 2023, but the subscription
shares of 46,800