Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 1087

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 10
Chunk 1087
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 years ended September 30, 2024 and 2023:

SCHEDULE OF GEOGRAPHICAL OPERATIONS

    September 30, 2024  
    September 30, 2023 
  
    Net Revenue: 

    North America 
    $1,924,293  
    $1,757,968 
  
    China 
     5,998  
     - 
  
    Revenues, net 
    $1,930,291  
    $1,757,968 

    September 30, 2024  
    September 30, 2023 
  
    Property and equipment, net: 

    North America 
    $2,268  
    $184,763 
  
    Property and equipment, net 
    $2,268  
    $184,763 

5. RELATED PARTY TRANSACTIONS

On August 20, 2024, the Company entered into a convertible note purchase agreement (the “Purchase
Agreement”) with certain investors (the “August Notes Investors”) to issue and sell convertible notes in the aggregate
principal amount of $1,300,000 (the “August Notes”).  Among the investors, the owner of METAVERSE INTELLIGENCE TECH LTD is a director of Wewin Technology LLC, a subsidiary
of CIMG INC.

As of September 30, 2024, the directors of Wewin Technology LLC paid an administrative fee of $7,500 on behalf
of CIMG INC.

During the year ended September 30, 2024, the relevant
trading volume generated by CIMG Inc was $326,721.

During the year ended September 30, 2023, NuZee
KOREA Ltd sold single serve pour over and coffee brew bag coffee products worth $648, to Mystery Golf Ltd., a company owned by the
chief executive officer of NuZee KOREA Ltd.

6. DISCONTINUED OPERATIONS

On
June 7, 2024, the company’s board of directors passed a resolution to sale (1) NuZee KOREA Ltd a company incorporated in Korea
and a wholly-owned subsidiary of the Company; and (2) NuZee Investment Co., Ltd, a company incorporated in Japan and a wholly-owned
subsidiary of the Company, and the total price is $10,000. The sale of the subsidiaries and discontinue in operation result in a loss of