Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 625

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 4
Chunk 625
---
4  
    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. So
the 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 weighted-average period of 0
year.

During the year ended September 30, 2024, 76,028 stock
options were forfeited or expired because of termination of employment, expiration of options and performance conditions not met.

The following table summarizes stock option activity
for the year ended September 30, 2024.

SCHEDULE OF STOCK OPTION ACTIVITY 

    Number of Shares  
    Weighted Average Exercise
                                                                                                                                                                                                                                                                                                                 Price  
    Weighted Average Remaining Contractual Life (years)  
    Aggregate Intrinsic Value 
  
    Outstanding on September 30, 2023 
     96,458  
    $150.39  
     5.84  
    $- 
  
    Granted 
     -  
     -  
     -  
     - 
  
    Exercised 
     -  
     -  
     -  
     - 
  
    Expired 
     (54,647) 
     167.02  
     -  
           - 
  
    Forfeited 
     (21,381) 
     87.14  
     0.03  
     - 
  
    Outstanding on September 30, 2024 
     20,430  
     177.44