Company: IMG
Filing Date: 2025-07-30
Form Type: 10-K/A
Source: 0001641172-25-021542
Chunk: 124

Company: CIMG Inc.
Filing Date: 2025-07-30
Form: 10-K/A
Chunk 124
---
 date. The options will expire ten years from the grant date, unless terminated earlier as provided by the option agreements.

| F-18 |

The fair value of each option award was estimated on the date of grant using the Black-Scholes option valuation model using the assumptions noted as follows: expected volatility was based on the volatility of a peer group of companies. The expected term of options granted was determined using the simplified method under SAB 107 which represents the mid-point between the vesting term and the contractual term. The risk-free rate is calculated using the U.S. Treasury yield curve and is based on the expected term of the option.

The Black-Scholes option pricing model was used with
the following weighted-average assumptions for options granted during the year ended September 30, 2024 and 2023, respectively:

SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS FOR FAIR VALUE MEASUREMENT OF OPTIONS GRANTED

|                         | For employees |   | September 30, 2024 |   |     |   | September 30, 2023 |   |
|:------------------------|:--------------|:--|-------------------:|:--|:----|:--|-------------------:|:--|
| Risk-free interest rate |               |   |                  0 | % |     |   |               4.39 | % |
| Expected option life    |               |   |               0.00 |   |     |   |            6 years |   |
| Expected volatility     |               |   |                  0 | % |     |   |              68.60 | % |
| Expected dividend yield |               |   |               0.00 | % |     |   |               0.00 | % |
| Exercise price          |               | $ |                  - |   |     | $ |               8.15 |   |

The Company is expensing these stock option awards
on a straight-line basis over the requisite service period.

Due to forfeitures exceeded previously recognized expense, and the company reversed prior costs. Company recognized stock option expense of $( 62,308) for the years ended September 30, 2024

The Company recognized stock option expense of
$288,030
for the years ended September 30, 2023.

Unamortized option expense as of September 30, 2024, for all outstanding options amounted to $nil.
These costs are expected to be recognized over a