Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 876

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 7
Chunk 876
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     5.84  
    $- 

    Exercisable on September 30, 2023 
     72,429  
    $173.24  
     4.99  
    $- 

A summary of the status of the Company’s nonvested
options as of September 30, 2024 and 2023, are presented below: 

SCHEDULE OF NONVESTED OPTIONS 

    Number of Nonvested Options  
    Weighted Average Grant Date Fair Value 
  
    Nonvested options on September 30, 2022 
     50,009  
    $154.24 
  
    Granted 
     6,000  
    $5.30 
  
    Forfeited 
     (19,849) 
    $104.41 
  
    Vested 
     (12,131) 
    $307.72 
  
    Nonvested options on September 30, 2023 
     24,029  
    $81.33 
  
    Granted 
     -  
    $- 
  
    Forfeited 
     (21,381) 
    $84.75 
  
    Vested 
     (2,648) 
    $90.28 
  
    Nonvested options on September 30, 2024 
     -  
    $- 

Warrants

2024 Warrants

On November 9, 2023,
the Company entered into a subscription agreement of common stock and warrant, which sold an accredited investor to 46,800 shares
of Common Stock, together with warrants to purchase a total of approximately 5,200 shares of Common Stock at an exercise price of $2.77
per share. The warrants have a five year term and are exercisable upon the six-month anniversary of the original issuance date. The Subscription
Shares were issued with a purchase price of $129,636. The company has received purchase price of $129,662.8 on Nov 19, 2023, but the subscription
shares of 46,800 common stocks were not issued as of the date of this report. The company expect to issue 46,800 common stocks to the
accredited investor on September 1, 2025. As of the date of this report, the warrants remains unexcised.

On January 30, 2024,