Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 1060

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 10
Chunk 1060
---
 Flows
     
    F-6
  
    Notes to Consolidated Financial Statements
     
    F-7

F-1

CIMG Inc. (f.k.a. NUZEE, INC.)

CONSOLIDATED BALANCE SHEETS

(In U.S. dollars, except for share and per share
data, or otherwise noted)

    Sep
    30, 2024  
    Sep
    30, 2023 
  
    ASSETS 

    Current
    assets: 

    Cash
    and cash equivalents 
    $464,222  
    $982,869 
  
    Accounts
    receivable, net 
     -  
     499,582 
  
    Inventories,
    net 
     4,548,035  
     772,825 
  
    Assets
    Held for Sale-Current 
     10,736  
     - 

    Currently
    held assets waiting to be disposed of 
     -  
     706,925 

    Prepaid
    expenses and other current assets 
     695,047 
     414,048 
  
    Total
    current assets 
     5,718,039  
     3,376,249 

    Property
    and equipment, net 
     2,268  
     184,763 

    Other
    assets: 

    Right-of-use
    asset - operating lease 
     99,746  
     403,258 
  
    Investment
    in unconsolidated affiliate 
     -  
     162,259 
  
    Intangible
    assets, net 
     80,000  
     110,000 
  
    Long-term
    holdings of assets to be disposed of 
     -  
     197,409 

    Other
    asset 
     -  
     7,060 
  
    Total
    other assets 
     179,746  
     879,986 

    Total
    assets 
    $5,900,054  
    $4,440,998 

    LIABILITIES AND
    STOCKHOLDERS’ EQUITY 

    Current
    liabilities: 

    Accounts
    payable and accrued expenses 
    $1,989,337  
    $1,814,035