Company: IMG
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001493152-25-020586
Chunk: 45

Company: CIMG Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 8
Chunk 45
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’s operating leases had a weighted average remaining lease term of 1 years and a weighted-average
discount rate of 5% or 7.5%. Other information related to our operating leases is as follows:

SCHEDULE OF OTHER INFORMATION RELATED TO OPERATING LEASE 

    ROU Asset – October 1, 2024 
    $99,746 
  
    ROU Asset added during the period 
     - 
  
    Amortization during the period 
     (93,351)
  
    ROU Asset – June 30, 2025 
    $6,395 

    Lease Liability – October 1, 2024 
    $100,962 
  
    Lease Liability added during the period 
     - 
  
    Amortization during the period 
     (97,486)
  
    Lease Liability – June 30, 2025 
    $3,476 

    Lease Liability – Short-Term 
    $3,476 
  
    Lease Liability – Long-Term 
     - 
  
    Lease Liability – Total 
    $3,476 

The
table below reconciles the fixed component of the undiscounted cash flows for each of the first five years and the total remaining years
to the lease liabilities recorded on the Consolidated Balance Sheet as of June 30, 2025:

Amounts
due within twelve months of June 30,2025

SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASES 

    2025 
    $3,541 
  
    2026 
     - 
  
    Total Minimum Lease Payments 
     3,541 
  
    Less Effect of Discounting 
     65 
  
    Present Value of Future Minimum Lease Payments 
     3,476 
  
    Less Current Portion of Operating Lease Liabilities 
     3,476 

For
nine months ended June 30, 2025, the Company had the following cash and non-cash activities associated with our leases:

SCHEDULE
OF CASH AND NON-CASH ACTIVITIES OF LEASES 

    Operating cash outflows from operating leases: 
    $
    105,664

    Financing cash outflows from finance lease: 
    $
    10,093

    10

Business
Combinations

On March 31, 2025, the Company acquired a 51% controlling
interest in