Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 166

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1
Chunk 166
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 network, including a disruption in operations at any of our facilities or our manufacturer
partners’ facilities, could affect our ability to manufacture or distribute products and could adversely affect our business and
sales.

A
disruption in operations at any of our facilities or any other disruption in our supply chain or increase in prices relating to service
by our retailers, distributors, common carriers that ship goods within our distribution channels, or otherwise, whether as a result of
shipping costs and delays, trade restrictions, casualty, natural disaster, weather, power loss, telecommunications failure, terrorism,
labor shortages, contractual disputes, interruptions in port operations or highway arteries, pandemic, strikes, work stoppages, the financial
or operational instability of key suppliers, distributors and transportation providers, or other causes, could significantly impair our
ability to operate our business, adversely affect our relationship with our customers, and impact our financial condition or results
of operations.

27

The
loss of any member of our senior management team or our inability to attract and retain highly skilled personnel could have a material
adverse effect on our business.

Our
success depends on the skills, experience and performance of key members of our senior management team. The individual and collective
efforts of our senior management team will be important as we continue to expand our commercial activities and develop additional products.
The loss or incapacity of existing members of our senior management team could have a material adverse effect on our business and financial
condition if we experience difficulties in hiring qualified successors. Our employment agreements with our executive officers are “at
will”, and the retention of our executive officers for any period of time cannot be guaranteed. We do not maintain “key person”
insurance on any of our employees.

Due
to the specialized nature of the business and our small size, we are highly dependent upon our ability to attract and retain qualified
sales and marketing, technical and managerial personnel. The loss of the services of existing personnel, as well as the failure to recruit
key sales, marketing, technical and managerial personnel in a timely manner would be detrimental to our development and could have a
material adverse effect on our business and financial condition. Our anticipated growth and expansion into areas and activities requiring
additional expertise, such as sales and marketing, may require the addition of new management personnel, both domestic and international.
All of our employees may terminate their employment at any time with short or no advance notice. We may have difficulties locating, recruiting
or retaining qualified sales people. Recruiting and retention difficulties will limit our ability to support