Company: IMG
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001493152-25-020586
Chunk: 0

Company: CIMG Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 1
Chunk 0
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CIMG
Inc.

CONSOLIDATED
BALANCE SHEETS

(UNAUDITED)

    June 30,  
    September 30, 

    2025  
    2024 
  
    ASSETS 

    Current assets: 

    Cash & cash equivalent 
    $35,958  
    $464,222 
  
    Accounts receivable, net 
     75,630  
     - 
  
    Inventories, net 
     11,882,544  
     4,548,035 
  
    Assets Held for Sale-Current 
     -  
     10,736 
  
    Prepaid expenses and other current assets 
     1,248,957  
     382,648 
  
    Total current assets 
     13,243,089  
     5,405,641 

    Non-current assets: 

    Property and equipment, net 
     2,318  
     2,268 
  
    Right-of-use asset - operating lease 
     6,395  
     99,746 
  
    Intangible assets, net 
     57,500  
     80,000 
  
    Total non-current assets 
     66,213  
     182,014 

    Total assets 
    $13,309,302  
    $5,587,655 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    Current liabilities: 

    Accounts payable and accrued expenses 
    $1,628,598  
    $2,240,337 
  
    Short term loan 
     433,512  
     1,920,507 
  
    Current portion of lease liability - operating lease 
     3,476  
     100,962 
  
    Convertible Notes 
     -  
     1,063,624 
  
    Convertible Note-related party 
     -  
     319,220 
  
    Convertible Note 
     -  
     319,220 

    Other payables-related party 
     39,000  
     7,500 
  
    Other current liabilities 
     567,399  
     586,173 
  
    Total current liabilities 
     2,671,985  
     6,238,323 

    Total