Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 429

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 2
Chunk 429
---
    Net cash used in investing activities 
     (320,043) 
     (31,813)

    Financing activities: 

    Proceeds from loans 
     1,919,961  
     - 
  
    Repayment of loans 
     (4,753) 
     (7,939)
  
    Repayment of finance lease 
     (26,048) 
     (28,092)
  
    Cash paid for offering costs 

    Proceeds from issuance of convertible notes 
     1,620,000  
     - 
  
    Proceeds from issuance of convertible notes-related party 
     300,000  
     - 
  
    Proceeds from issuance
    of common stock, 
     1,277,113  
     - 
  
    Proceeds
    from private placement 
     4,499,999  
     - 
  
    Net cash provided by (used in) financing activities 
     9,586,272 
     (36,031)

    Effect of foreign exchange on
    cash 
     312,906  
     36,599 

    Net change in cash 
     (518,647) 
     (7,279,450)

    Cash and cash equivalent,
    beginning of period 
     982,869  
     8,262,319 
  
    Cash and cash equivalent,
    end of period 
    $464,222  
    982,869 

    Supplemental disclosure of cash flow information: 

    Cash paid for interest 
    $1,961  
    4,944 
  
    Cash paid for taxes 
    $-  
    800 

    Noncash investing and financing activities: 

    Stock issuance costs accrued 
    $-  
    - 
  
    Forgiveness of stock issuance costs 
    $-  
    40,000 
  
    Deferred Stock Offering cost accrued ROU assets
    and liabilities added during the period 
    $105,825  
    57,080 

The accompanying notes are an integral part of these
consolidated financial statements.

F-6

CIMG Inc. (f.k.a. NUZEE, INC.)

Notes to Consolidated Financial Statements

(In U.S. dollars, except for share and per share data, or otherwise noted)

1. ORGANIZATION