Company: IMG
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001493152-25-020586
Chunk: 43

Company: CIMG Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 8
Chunk 43
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 June 30, 2025, and September 30, 2024 respectively.

SCHEDULE OF ACCOUNTS RECEIVABLES 

    June 30, 2025  
    September 30, 2024 
  
    Accounts receivable 
    $75,630  
    $3,450,141 
  
    Less: allowance for credit loss 
     -  
     (3,450,141)
  
    Total accounts receivable 
    $75,630  
    $- 

    8

Assets
Held for Sale-Current

As
of June 30, 2025 and September 30, 2024, assets held for Sale-Current were $Nil and $10,736. This is mainly the equipment planned for
sale.

SCHEDULE OF ASSETS HELD FOR SALE 

    June 30,  2025  
    September 30,  2024 
  
    Assets Held for Sale 
     -  
     214,709 
  
    Current
    Assets Held for Sale 
     -  
     214,709 

    Property and equipment asset impairment 
     -  
     (203,973)
  
    Total 
     -  
     10,736 

Major
Customers

In
the nine months ended June 30, 2025 and 2024, revenue was primarily derived from major customers disclosed below.

SCHEDULE OF REVENUE BY MAJOR CUSTOMERS 

Nine
months ended June 30, 2025:

    Customer Name 
    Sales Amount  
    % of Total Revenue  
    Accounts Receivable Amount  
    % of Total Accounts Receivable 
  
    Customer XG 
    $47,289  
     56% 
              -  
      - 
  
    Customer LXM 
     13,524  
     16% 
     -  
     - 

Nine
months ended June 30, 2024:

    Customer Name 
    Sales Amount  
    % of Total Revenue  
    Accounts Receivable Amount  
    % of Total Accounts Receivable 
  
    Customer CL 
    $1,142,865  
     70% 
    $138,246  
     37%

Lease

In
February 2016, the FASB issued ASU No