Company: IMG
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001493152-25-020586
Chunk: 7

Company: CIMG Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 1
Chunk 7
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-current liabilities 
     -  
     37,229 
  
    Net cash used in operating activities 
     (11,233,693) 
     (4,270,542)

    Discontinued Operations: 

    Depreciation from discontinued operations 
     -  
     3,690 
  
    Changes in operating assets and liabilities 
     -  
     737,063 
  
    Cash flows generated from discontinued business operations 
     -  
     311,578 

    Investing activities: 

    Purchase of equipment 
     -  
     (310,342)
  
    Proceeds from disposal of equipment 
     10,736  
     - 
  
    Cash received from the acquisition of subsidiaries 
     8,956  
     - 
  
    Net cash provided by/( used in) investing
activities 
     19,692  
     (310,342)

    Financing activities: 

    Repayment of loans 
     (1,486,996) 
     (429,933)
  
    Repayment of finance lease 
     -  
     (25,224)
  
    Borrowings from loans 
     -  
     398,754 
  
    Proceeds from sales of future receipts 
     -  
     195,001 
  
    Repayment of equipment finance 
     -  
     (31,626)
  
    Proceeds from equipment finance 
     -  
     262,893 
  
    Proceeds from issuance of convertible note 
     -  
     320,000 
  
    Proceeds from private placement 
     2,451,628  
     1,659,655 
  
    Proceeds from issuance of common stock, ATM offering, net of issuance cost 
     10,000,000  
     1,277,118 
  
    Net cash provided by (used in) financing activities 
     10,964,632  
     3,626,638 

    Effect of foreign exchange on cash 
     (178,895) 
     34,257 

    Net change in cash 
     (428,264) 
     (608,411)

    Cash, beginning of period 
     464,222  
     982,869 
  
    Cash, end of period