Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 392

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 2
Chunk 392
---
 and convertible notes.

Off-Balance
Sheet Arrangements

We
have no off-balance sheet arrangements that may have a current or future material effect on our financial condition, revenues or expenses,
results of operations, liquidity, capital expenditures or capital resources.

Critical
Accounting Policies and Estimates

Our
discussion and analysis of our financial condition and results of operations are based upon our financial statements that have been prepared
in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). As discussed in
“Note 2—Basis of Presentation and Summary of Significant Accounting Policies” to the Consolidated Financial
Statements, the preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions
that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities.
US GAAP provides the framework from which to make these estimates, assumptions and disclosures. We choose accounting policies within
US GAAP that management believes are appropriate to accurately and fairly report our operating results and financial position in a consistent
manner. Management regularly assesses these policies in light of current and forecasted economic conditions. See the “Note 2—Basis
of Presentation and Summary of Significant Accounting Policies” to the Consolidated Financial Statements for a summary of our
accounting policies.

55

Recent
Accounting Pronouncements

Recent
accounting pronouncements which may be applicable to us are described in “Note 2—Basis of Presentation and Summary of
Significant Accounting Policies” to the Consolidated Financial Statements included as part of this Report.

ITEM
7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We
are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this
item.

ITEM
8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Our
Consolidated Financial Statements and The Report of Independent Registered Public Accounting Firm required by this item are included
in this Report on pages F-1 through F-22 and are incorporated herein by reference.

ITEM
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

There
have been no disagreements with our Independent Registered Public Accounting Firm on any matter of accounting principles or financial
disclosures.

ITEM
9A. CONTROLS AND PROCEDURES

    a.
    Evaluation