Company: IMG
Filing Date: 2025-11-18
Form Type: 10-Q/A
Source: 0001493152-25-024067
Chunk: 34

Company: CIMG Inc.
Filing Date: 2025-11-18
Form: 10-Q/A
Chunk 34
---
 making our products more personalized, youthful, and distinctive. For example, Maca-Noni represents a new entry into the functional beverage market, blending health-forward branding with innovative design.

Our customer base includes wholesale distributors such as grocery stores, convenience stores, and vending machine providers.

Nasdaq Listing Deficiency

On June 13, 2025, the Company did not manage to file its Form 10-K for the year ended September 30, 2024 and received a delist determination letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC on June 27, 2025 (“Nasdaq Delist Determination Letter”). According to the Nasdaq Delist Determination Letter, unless the Company requests an appeal of this determination by July 7, 2025, trading of the Company’s common stock will be suspended from The Nasdaq Capital Market at the opening of business on July 9, 2025, and NSADAQ will file a Form 25-NSE with the SEC to remove the Company’s securities from listing and registration on The Nasdaq Stock Market.

The Company intends to file its Form 10-K for the fiscal year ended September 30, 2024 as soon as possible, and in any event before July 7, 2025. In addition, the Company intends to appeal Nasdaq’s delist determination and plans to request a hearing before a Nasdaq Hearings Panel to present its plan for regaining compliance with the applicable Nasdaq Listing Rules by 4:00 Eastern Time on July 7, 2025.

Results of Operations

During the current fiscal year, we began selling and shipping the maca series products. We do not expect the revenue for the six months ending March 31, 2025 to predict future quarters, as the maca product line was still in the process of new channel expansion in the March quarter, and sales revenue declined in the March quarter.

Our results of operations for the three months ended March 31, 2025 are influenced by the aforementioned transactions.

| 22 |

Comparison of three months ended March 31, 2025 and 2024

Revenue

|         |     | Three months ended 
 March 31,          
 2025               |   |     | 2024 |         |     | Change  
 Dollars |          |   |     | % |         |    |
|:--------|:----|:-------------------|:--|:----|:-----|--------:|: