Company: IMG
Filing Date: 2025-09-24
Form Type: 10-Q
Source: 0001493152-25-014748
Chunk: 0

Company: CIMG Inc.
Filing Date: 2025-09-24
Form: 10-Q
Item: Item 1
Chunk 0
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CIMG
Inc. 

CONSOLIDATED
BALANCE SHEETS

(UNAUDITED)

    March
    31,  
    September
    30, 

    2025  
    2024 
  
    ASSETS 

    Current
    assets: 

    Cash & cash equivalent 
    $2,404  
    $464,222 
  
    Accounts receivable, net 
     79,941  
     - 
  
    Inventories, net 
     12,751,596  
     4,548,035 
  
    Assets Held for Sale-Current 
     -  
     10,736 
  
    Prepaid
    expenses and other current assets 
     184,456  
     382,648 
  
    Total
    current assets 
     13,018,397  
     5,405,641 

    Non-current
    assets: 

    Property and equipment,
    net 
     2,468  
     2,268 
  
    Right-of-use asset - operating
    lease 
     16,446  
     99,746 
  
    Intangible
    assets, net 
     65,000  
     80,000 
  
    Total
    non-current assets 
     83,914  
     182,014 

    Total
    assets 
    $13,102,311  
    $5,587,655 

    LIABILITIES AND STOCKHOLDERS’
    EQUITY 

    Current
    liabilities: 

    Accounts payable and accrued
    expenses 
    $1,535,087  
    $2,240,337 
  
    Short term loan 
     433,511  
     1,920,507 
  
    Current portion of lease
    liability - operating lease 
     14,574  
     100,962 
  
    Convertible Notes 
     -  
     1,063,624 
  
    Convertible Note-related
    party 
     -  
     319,220 
  
    Convertible Note 
     -  
     319,220 

    Other payables-related
    party 
     28,500  
     7,500 
  
    Other
    current liabilities 
     469,217