Company: IMG
Filing Date: 2025-09-24
Form Type: 10-Q
Source: 0001493152-25-014748
Chunk: 58

Company: CIMG Inc.
Filing Date: 2025-09-24
Form: 10-Q
Item: Item 8
Chunk 58
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SCHEDULE OF STOCK OPTION ACTIVITY  

    Number
                                            of Shares
      
    Weighted Average Exercise Price  
    Weighted Average Remaining Contractual Life
                                            (years)  
    Aggregate Intrinsic Value 
  
    Outstanding on September 30, 2024 
     20,430
      
    $177.44  
     0.02  
    $- 
  
    Granted 
     -
      
     -  
     -  
     - 
  
    Exercised 
     -
      
     -  
     -  
     - 
  
    Expired 
     (20,430) 
     177.44  
     0.02  
     - 
  
    Forfeited 
     -
      
     -  
     -  
     - 
  
    Outstanding on March 31, 2025 
     -
     
     -  
     -  
    $- 

    Exercisable on March 31, 2025 
     -
      
    $-  
     -  
    $- 

The Company is expensing these stock option awards
on a straight-line basis over the requisite service period. The Company recognized stock option expense of $Nil and $65,948 for six months
ended March 31 2025, and 2024, respectively.

Warrants

On
October 18, 2024, the holders of warrants issued by the Company exercised its cashless option to purchase an aggregate of 55,973 shares
of the Company’s common stock pursuant to warrants issued by the Company. Such warrants were previously issued pursuant to the
convertible note and warrant purchase agreement dated April 27, 2024, as disclosed in the current report of the Company on Form 8-K filed
with the SEC on May 2, 2024. In connection with such cashless exercise, the Company will not receive any cash proceeds. The shares of
common stock issuable upon exercise of such warrants were registered under the Form S-1 effective on July 1, 2024.

On
January 16, 2025, the Company issued the 13,679,486 warrants to purchase common stock at an exercise price of $0.39 a share. These warrants
will expire on January