Company: IMG
Filing Date: 2025-11-18
Form Type: 10-Q/A
Source: 0001493152-25-024067
Chunk: 26

Company: CIMG Inc.
Filing Date: 2025-11-18
Form: 10-Q/A
Chunk 26
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,707 |   |

| 17 |

9. STOCK OPTIONS AND WARRANTS

Options

During the six months ended March 31, 2025, the Company granted nonew stock options.

During the six months ended March 31, 2025, 20,430stock 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 six months ended March 31, 2025.

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, 2024 |     |           |  20,430 |   |     | $                               | 177.44 |     |                                             | 0.02 |     | $                         | - |
| Granted                           |     |           |       - |   |     |                                 |      - |     |                                             |    - |     |                           | - |
| Exercised                         |     |           |       - |   |     |                                 |      - |     |                                             |    - |     |                           | - |
| Expired                           |     |           | (20,430 | ) |     |                                 | 177.44 |     |                                             | 0.02 |     |                           | - |
| Forfeited                         |     |           |       - |   |     |                                 |      - |     |                                             |    - |     |                           | - |
| Outstanding on March 31, 2025     |     |           |       - |   |     |                                 |      - |     |                                             |    - |     | $                         | - |
| Exercisable on March 31, 2025     |     |           |       - |   |     | $                               |      - |     |                                             |    - |     | $                         | - |

The Company is expensing these stock option awards
on a straight-line basis over the requisite service period. The Company recognized stock option expense of $Nil