Company: IMG
Filing Date: 2025-07-30
Form Type: 10-K/A
Source: 0001641172-25-021542
Chunk: 112

Company: CIMG Inc.
Filing Date: 2025-07-30
Form: 10-K/A
Chunk 112
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 and other current assets for the
years ended September 30, 2024 and 2023 are as follows:

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS

|                      |     |   | September 
       30, 
      2024 |     |   | September 30, 
          2023 |
|:---------------------|:----|:--|----------:|:----|:--|--------------:|
| Prepaid expenses     |     | $ |   197,217 |     | $ |       299,588 |
| Other current assets |     |   |   185,431 |     |   |       114,460 |
| Total                |     |   |   382,648 |     |   |       414,048 |

The Prepaid expenses and other current assets balance
of $382,648 as of September 30, 2024
primarily consists of prepaid rent, a retainer for professional services and other receivables from the auction of fixed assets. Among
them, there is still $13,124 left unused for the marketing promotion service, which will continue to be used after August 1st, 2025.

The balance of $414,048
as of September 30, 2023, primarily consists of prepaid rent, prepaid insurance, a retainer for professional services, and deferred
offering costs.

Inventories, net

Inventory, consisting principally of raw
materials, work in process and finished goods held for production and sale, is stated at the lower cost or net realizable value,
cost being determined using the weighted average cost method. In 2024, we purchased raw materials and finished products from
Hangzhou Yikang Yimei Technology Co., LTD. The current inventory is stored in Jiangsu, China. The Company reviews inventory levels at least quarterly. On September 30, 2024, the carrying value of inventory of $4,548,035.

SCHEDULE OF INVENTORY

|                |     |   | September 
       30, 
      2024 |     |   | September 
       30, 
      2023 |
|:---------------|:----|:--|----------:|:----|:--|----------:|
| Raw materials  |     |   | 4,490,728 |     |   |   766,916 |
| Finished goods |     |   |