Company: IMG
Filing Date: 2025-11-18
Form Type: 10-Q/A
Source: 0001493152-25-024067
Chunk: 16

Company: CIMG Inc.
Filing Date: 2025-11-18
Form: 10-Q/A
Chunk 16
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 117,792and other expenses of $ 37,654.

For the six months ended Mach 31, 2024, the operating expenses were $ 3,412,705. It primarily comprised of personnel costs, selling and marketing expenses, depreciation and amortization, insurance expenses, professional services, travel and office expenses, etc. In some cases, the company bears shipping costs for shipping customer orders, and shipping and handling costs are recorded under operating expenses in the consolidated statement of operations.

Other income

For
the six months ended Mach 31, 2025, the other income was $403,635. It is mainly because of the settlement and forgiveness of account payable.

For the six months ended Mach 31, 2024, the other income was $ 76,742. It is mainly because of the rental income.

Other Expense

Other expense of $ 50,320and $ 100,228for the six months ended March 31, 2025 and 2024, respectively, primarily includes write off of deferred financing costs and sublease expense.

Prepaid expenses and other current assets

Prepaid expenses and other current assets for the six months ended March 31, 2025 and September 30, 2024 is as follows:

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS

|                      |     |   | March 31, 
      2025 |     |   | September 
       30, 
      2024 |
|:---------------------|:----|:--|----------:|:----|:--|----------:|
| Prepaid expenses     |     | $ |   123,312 |     | $ |   197,217 |
| Other current assets |     |   |    61,144 |     |   |   185,431 |
| Total                |     |   |   184,456 |     |   |   382,648 |

The Prepaid expenses and other current assets balance of $ 184,456as of March 31, 2025 primarily consists of prepaid rent, Barcode fee ,a retainer for professional services.

Inventories, net

Inventories, net, consisting principally of raw materials
and finished goods held for production and sale, is stated at the lower cost or net realizable value, cost being determined using the
weighted average cost method. The Company reviews inventory levels at least quarterly and records a valuation allowance when appropriate.
On