Company: IMG
Filing Date: 2025-11-07
Form Type: 10-Q/A
Source: 0001493152-25-021258
Chunk: 23

Company: CIMG Inc.
Filing Date: 2025-11-07
Form: 10-Q/A
Chunk 23
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 as an assembled workforce and management’s industry know-how.

| 17 |

3. LOANS

On February 15, 2024, Social E-commerce Co., Ltd. provided a short-term, interest-free loan to the Company. The loan, approved by the lender and serviced by Bill.com Capital 3, LLC through their online platform, was intended to support the Company’s operations. As of June 30, 2025, the outstanding balance of this loan was $ 103,889.

On April 18, 2024, SOONCHA KIM lent the Company $ 320,000with an annual interest rate of 7%. The outstanding balance on the loan at June 30, 2025 amounted to $ 320,926.

For nine months ended June 30, 2025, ZHANG XIANG lent the Company $ 8,696with an annual interest rate of 0%. The outstanding balance on the loan at June 30, 2025 amounted to $ 8,697.

4. GEOGRAPHIC CONCENTRATIONS

The Company is organized based on fundamentally one business segment although it does sell its products on a world-wide basis. The Company is organized in two geographical segments. The company jointly produces and sells its products in North America and China. Information about the Company’s geographic operations for the nine months ended June 30, 2025, and 2024 are as follows:

SCHEDULE OF GEOGRAPHICAL OPERATIONS

Geographic Concentration

|               |     |   | Nine Months Ended 
     June 30, 2025 |     |   | Nine Months Ended 
     June 30, 2024 |
|:--------------|:----|:--|------------------:|:----|:--|------------------:|
| Net Revenue:  |     |   |                   |     |   |                   |
| North America |     | $ |                 - |     | $ |         1,641,955 |
| P.R.C         |     |   |            84,431 |     |   |                 - |
| Revenues, net |     | $ |            84,431 |     | $ |         1,641,955 |

|                             | Property and equipment, net: |   | June 30, 
     2025 |     |   | September 30, 
          2024 |
|:----------------------------|:-----------------------------|:--|---------:|: