Company: IMG
Filing Date: 2025-07-30
Form Type: 10-K/A
Source: 0001641172-25-021542
Chunk: 26

Company: CIMG Inc.
Filing Date: 2025-07-30
Form: 10-K/A
Chunk 26
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 and volatile. These events typically make equity and debt financing more difficult to obtain. Accordingly, additional equity or debt financing might not be available on reasonable terms, if at all. If we cannot secure additional funding when needed, including due to changes in our business plan, a lower demand for our products or other risks described in this Report, we may have to delay, reduce the scope of or eliminate one or more sales and marketing initiatives and development programs, which would have a materially adverse effect on our business.

We have a limited operating history, which may make it difficult to evaluate our current business and to forecast our future performance.

We have little operating history and are addressing an emerging market. As a result, our current and future business prospects are difficult to evaluate. All potential investors must consider our business prospects in light of the risks and difficulties we have encountered and will continue to encounter as a company operating in a rapidly evolving market. Some of these risks relate to our potential inability to:

| ● | effectively                                                         
 manage our business and proprietary information;                    |
| ● | recruit                                                             
 and retain sales and marketing, technical and managerial personnel; |
| ● | recruit                                                             
 and retain appropriate distributor relationships;                   |
| ● | successfully                                                        
 develop and protect our intellectual property portfolio;            |
| ● | successfully                                                        
 provide high quality products as our business expands; and          |
| ● | successfully                                                        
 address other risks, as described in this Report or otherwise.      |

If we do not address these risks successfully, it could have a material adverse effect on our business and financial condition.

Our ability to use our net operating loss carryforwards to offset future taxable income may be subject to certain limitations.

The Tax Cuts and Jobs Act (the “TCJA”), enacted in 2017, limited the use of net operating loss carryforwards arising in periods beginning after 2017 to eighty-percent of taxable income in the period to which the losses are carried. The TCJA also extended the expiration period for net operating losses arising in periods after 2017 from 20 years to an unlimited period.

However, the taxable income limitation on the use of net operating loss carryforwards was eliminated by the Coronavirus Aid, Relief and Economic Security Act (the “CARES” Act) for tax years beginning before January 1, 2021. We may not be able to utilize our existing net operating losses or any portion thereof in the current tax year or any available carryforward period.

| 24 |

In addition, Section 382