Company: IMG
Filing Date: 2025-07-30
Form Type: 10-K/A
Source: 0001641172-25-021542
Chunk: 110

Company: CIMG Inc.
Filing Date: 2025-07-30
Form: 10-K/A
Chunk 110
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098,582,
primarily consisting of $773,582
related to Nuzee single-serving coffee and DRIPKIT products, as well as $325,000
for a litigation settlement.

For the year ended September 30, 2023, accounts payable totaled $1,588,342, mainly comprising costs related to Nuzee single-serving coffee, DRIPKIT products, and a litigation settlement.

During the year ended September 30, 2024 and
September 30, 2023, the accrued expenses are $1,141,755
and $225,693
respectively, it mainly includes the accounts payable settlement costs of Nuzee single-serving coffee and DRIPKIT products.

Accounts payable and accrued expenses for the
years ended September 30, 2024 and 2023 are as follows:

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES

|                  |     |     | September 
       30. 
      2024 |     |     | September 
       30, 
      2023 |
|:-----------------|:----|:----|----------:|:----|:----|----------:|
| Accounts payable |     |     | 1,098,582 |     |     | 1,588,342 |
| Accrued expenses |     |     | 1,141,755 |     |     |   225,693 |
| Total            |     |     | 2,240,337 |     |     | 1,814,035 |

Deferred income

During the year ended September 30, 2024 and
September 30, 2023, the deferred income are $Nil
and $379,795
respectively, the reason for the reduction is the uncertainty of the income time and income results. The reduction in this period is
based on the rigor of the report.

Other current liabilities

During the year ended September 30, 2024 and
September 30, 2023, the other current liabilities are $586,173
and $Nil
respectively. The mainly achieved through financing to purchase equipment and pay for the goods.

Loss from investment

Due to Discontinued Operations, the investment
income for 2024 is in the red. As of September 30, 2024 and September 30, 2023, the investment income losses were $1,092,169 and $7,375
respectively.

Cost