Company: IMG
Filing Date: 2025-11-18
Form Type: 10-Q/A
Source: 0001493152-25-024063
Chunk: 12

Company: CIMG Inc.
Filing Date: 2025-11-18
Form: 10-Q/A
Chunk 12
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 in exchange for arranging for the specified goods or services to be provided by the other party. An entity’s fee or commission might be the net amount of consideration that the entity retains after paying the other party the consideration received in exchange for the goods or services to be provided by that party.

| 12 |

Return and Exchange Policy

All products are thoroughly inspected and securely packaged before they are shipped to ensure buyers receive the best possible product. If for any reason buyers are unsatisfied with the products, they can return them, and the Company will exchange or refund the purchase minus any shipping charges. For wholesale customers, return policies vary based on their specific agreements with customers. Under chargebacks agreements with the customers, the Company agrees to reimburse the seller for a portion of the costs incurred by the seller to advertise and promote certain of the Company’s products. The Company estimates, accrues and recognizes such chargebacks. These amounts are included in the determination of net sales. For three months ended December 31, 2024 and 2023, the Company has no sales allowances for estimated chargebacks and returns, respectively.

Accounts payable and accrued expenses

As of December 31, 2024 and September 30, 2024, the accounts payable are $ 1,109,759and $ 1,098,582respectively.

As of December 31, 2024 and September 30, 2024, the accrued expenses are $ 710,441and $ 1,141,755respectively, it mainly includes the accounts payable settlement costs of Nuzee single-serving coffee and DRIPKIT products.

Accounts payable and accrued expenses as of December 31, 2024 and September 30, 2024 are as follows:

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES

|          |     |   | December 31, 
         2024 |     |   | September 30, 
          2024 |
|:---------|:----|:--|-------------:|:----|:--|--------------:|
| Accounts 
 payable  |     | $ |    1,109,759 |     | $ |     1,098,582 |
| Accrued  
 expenses |     |   |      710,441 |     |   |     1,141,755 |
| Total    |     | $ |    1,820,200 |     | $ |     2,240,337 |

Other current liabilities