Company: IMG
Filing Date: 2025-07-30
Form Type: 10-K/A
Source: 0001641172-25-021542
Chunk: 121

Company: CIMG Inc.
Filing Date: 2025-07-30
Form: 10-K/A
Chunk 121
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 balance adjusting for impairment was $ 80,000and $ 110,000, respectively.

As of September 30, 2024, the Company’s intangible assets consisted of unamortized tradename asset of $ 80,000which is being amortized over five years from the date of acquisition at a rate of $ 30,000per year.

Amortization expense was $ 30,000and $ 30,000for the year ended September 30, 2024 and 2023.

Amortization expense for the next four fiscal years is as follows:

SCHEDULE OF AMORTIZATION EXPENSE

|             |     | Tradename Amortization |        |
| 2025        |     |                        | 30,000 |
| 2026        |     |                        | 30,000 |
| 2027        |     |                        | 20,000 |
| 2028        |     |                        |      - |
| Grand Total |     | $                      | 80,000 |

8. ISSUANCE OF EQUITY SECURITIES

During the year ended September 30, 2024, 1,288,644
and 2,906,862 shares were issued in the form of cash and private placement respectively.

As of September 30, 2024, the Company has corrected
the number of treasury shares recorded with the transfer agent to include 34,095 shares of common stock that were not successfully cancelled
prior to September 30, 2023 due to administrative reasons.

As of September 30, 2024, the common shares issued
are as follows:

SCHEDULE OF COMMON SHARES ISSUED

| Date                   |     | Transaction                                                                                                           
 Description                                                                                                           |     | Amount/Shares                                                                                                                                                                                                                        |     | Status                                                                                                                                                                                                                                                                                                               |
| Common                 
 stock issued for cash: |     |                                                                                                                       |     |                                                                                                                                                                                                                                      |     |                                                                                                                                                                                                                                                                                                                      |
| October                
 18, 2023               |     | Underwriting                                                                                                          
 Agreement                                                                                                             
 (Form S-3 effective on October 5, 2023, Form 424B5 filed on October 19, 2025 and Form  8-K filed on October 20, 2023) |     | $1,277,113 for 488,750 shares of Common stock, consisting of 425,000 shares of common stock at a price to the public of $3.00 with