Company: IMG
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001641172-25-025514
Chunk: 4

Company: CIMG Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Item 1
Chunk 4
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    to reconcile net loss to net cash used in operating activities: 

    Depreciation
    and amortization 
     7,771  
     35,195 
  
    Noncash
    lease expense 
     41,349  
     68,203 
  
    Common
    stock compensation 
     523,680  
     - 
  
    Stock
    option expense 
     -  
     11,505 
  
    Loss
    from equity method investment 
     -  
     2,051 
  
    Change
    in operating assets and liabilities: 

    Accounts
    receivable 
     -  
     (521,427)
  
    Inventories 
     (60,272) 
     (250,388)
  
    Prepaid
    expenses and other current assets 
     91,487  
     (88,410)
  
    Other
    assets 
     -  
     2,353 
  
    Accounts
    payable 
     (420,136) 
     707,618 
  
    Deferred
    income 
     -  
     (74,363)
  
    Lease
    liability - operating lease 
     (42,659) 
     (104,378)
  
    Accrued
    Expenses & Other Current Liabilities 
     56,248  
     (71,810)
  
    Other
    current liabilities 
     -  
     116,619 
  
    Net
    cash used in operating activities 
     (1,338,781) 
     (2,193,439)

    Discontinued
    Operations: 

    Adjustments
    to reconcile net income (loss) to net cash 

    Interest
    income(expense), net 
     -  
     169 
  
    Depreciation
    from discontinued operations 
     -  
     4,785 
  
    Changes
    in operating assets and liabilities 
     -  
     48,868 
  
    Net cash used in discontinued business operations 
     -  
     (68,582)

    Investing
    activities: 

    Purchase
    of property and equipment 
     -  
     (307,044)
  
    Net
    cash used in investing activities 
     -