Company: IMG
Filing Date: 2025-11-07
Form Type: 10-Q/A
Source: 0001493152-25-021258
Chunk: 44

Company: CIMG Inc.
Filing Date: 2025-11-07
Form: 10-Q/A
Chunk 44
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 30, 2025, compared to $311,578 of cash provided during the corresponding period in 2024.

Investing Activities

Net cash provided by investing activities was $19,692 for the nine months ended June 30, 2025, compared to net cash used of $310,342 for the same period in 2024. Cash provided during the current period was primarily related to the acquisition of subsidiaries and the disposal of equipment, while cash used in the prior-year period was mainly attributable to purchases of equipment.

Financing Activities

Historically, we have funded our operations through the issuance of our equity securities.

Net cash provided by financing activities was $10,964,632 for the nine months ended June 30, 2025, primarily attributable to proceeds
from a private placement. For the nine months ended June 30, 2024, net cash provided by financing activities totaled $3,626,638, mainly
related to loan and lease repayments.

Off-Balance Sheet Arrangements

As of June 30, 2025, we had no off-balance sheet arrangements that may have a current or future material effect on our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition and results of operations are based upon our financial statements that have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities. US GAAP provides the framework from which to make these estimates, assumption and disclosures. We choose accounting policies within US GAAP that management believes are appropriate to accurately and fairly report our operating results and financial position in a consistent manner. Management regularly assesses these policies in light of current and forecasted economic conditions.

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There were no significant and material changes in our critical accounting policies and use of estimates during the nine months ended June 30, 2025, as compared to those disclosed in “ Management’s Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Estimates” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024, filed with the SEC on July 30, 2025.

Item 3. Quantitative and Qualitative Disclosures About