Company: IMG
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001641172-25-025514
Chunk: 23

Company: CIMG Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Item 1
Chunk 23
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, as well as the need to ensure administrative consistency.

The
losses from discontinued operations for three months ended December 31, 2024 and 2023 are as follows:

 SCHEDULE OF LOSSES FROM ASSET DISPOSAL OF DISCONTINUED OPERATIONS

     Three
                                            Months Ended  
     Three
                                            Months Ended 

     December
                                            31, 2024  
     December
                                            31, 2023 
  
    Revenue 
    $-  
    $388,054 
  
    Cost
    of revenue 
     -  
     (337,309)
  
    Gross profit 
     -  
     50,745 

    Operating
    expenses 
     -  
     (172,593)
  
    Operations
    Loss 
     -  
     (121,848)

    Other
    revenue 
     -  
     179 
  
    Other
    expense 
     -  
     (905)
  
    Interest
    income, net 
     -  
     170 
  
    Loss
    from discontinued operations before income tax 
     -  
     (122,404)

    Income
    tax expense 
     -  
     - 
  
    Loss
    from discontinued operation after tax 
     -  
     (122,404)

    Losses
    from asset disposal of discontinued operations 
    $-  
    $(122,404)

7.
INTANGIBLE ASSETS

Identifiable
life intangible assets

As
of December 31,2024, the net intangible assets of the company is $72,500
which is being amortized over five years from the date of acquisition at a rate of $30,000
per year.

Amortization
expense was $7,500 and $7,500 for three months ended December 31, 2024 and 2023.

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

SCHEDULE
OF AMORTIZATION
EXPENSE

    Tradename
    Amortization

    2025

    22,500

    2026

    30,000

    2027

    20,000

    2028

    -

    Grand
    Total
     
    $
    72,500