Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 43

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1A
Chunk 43
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 controls.

Because
of the inherent limitations in our control system, misstatements due to error or fraud may occur and not be detected. We cannot assure
you that the measures we have taken will be effective in mitigating or preventing significant deficiencies or material weaknesses in
our internal control over financial reporting in the future.

If
we fail to maintain effective internal control over financial reporting to meet the demands that are placed upon us as a public company,
including the requirements of the Sarbanes-Oxley Act, we may be unable to accurately report our financial results, or to report them
within the timeframes required by law or exchange regulations.

Additionally,
we have engaged only a very limited number of accounting and finance personnel and we rely in part on outside consultants. We may need
to incur additional expenses to hire additional personnel with public company financial reporting expertise to build our financial management
and reporting infrastructure, and further develop and document our accounting policies and financial reporting procedures. In the event
we need to hire additional personnel with public company financial reporting expertise but we are unable to do so, we may not be able
to accurately report our financial results or file our periodic reports in a timely manner, which may cause investors to lose confidence
in our reported financial information and may lead to a decline in our stock price.

If
we are unable to maintain an effective system of internal control over financial reporting, we may not be able to accurately report our
financial results, timely file our periodic reports, maintain our reporting status or prevent fraud.

Under
standards established by the Public Company Accounting Oversight Board, a material weakness is a deficiency, or combination of deficiencies,
in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our annual or
interim financial statements will not be prevented, detected or corrected on a timely basis.

If
material weaknesses or significant deficiencies in our internal control over financial reporting are discovered or occur in the future,
then there exists a risk that our consolidated financial statements may contain material misstatements that are unknown to us at that
time, and such misstatements could require us to restate our financial results. The existence of a material weakness in our internal
control over financial reporting may result in current and potential stockholders losing confidence in our financial reporting, which
could negatively impact the market price of our Common Stock.

43

In
addition, the existence of any material weaknesses in our internal control over financial reporting may affect our ability to timely
file periodic reports under the Exchange Act and may