Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 65

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1A
Chunk 65
---
 expenses, and the disclosure of contingent assets and liabilities.
US GAAP provides the framework from which to make these estimates, assumptions and disclosures. We choose accounting policies within
US GAAP that management believes are appropriate to accurately and fairly report our operating results and financial position in a consistent
manner. Management regularly assesses these policies in light of current and forecasted economic conditions. See the “Note 2—Basis
of Presentation and Summary of Significant Accounting Policies” to the Consolidated Financial Statements for a summary of our
accounting policies.

55

Recent
Accounting Pronouncements

Recent
accounting pronouncements which may be applicable to us are described in “Note 2—Basis of Presentation and Summary of
Significant Accounting Policies” to the Consolidated Financial Statements included as part of this Report.

ITEM
7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We
are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this
item.

ITEM
8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Our
Consolidated Financial Statements and The Report of Independent Registered Public Accounting Firm required by this item are included
in this Report on pages F-1 through F-22 and are incorporated herein by reference.

ITEM
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

There
have been no disagreements with our Independent Registered Public Accounting Firm on any matter of accounting principles or financial
disclosures.

ITEM
9A. CONTROLS AND PROCEDURES

    a.
    Evaluation
    on Disclosure Controls and Procedures

Disclosure
controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed by our
Company is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC, and that
such information is collected and communicated to management, including our Chief Executive Officer and Chief Financial Officer, as appropriate,
to allow timely decisions regarding required disclosure. Our Chief Executive Officer and Chief Financial Officer are responsible for
establishing and maintaining disclosure controls and procedures for our Company. In designing and evaluating our disclosure controls
and procedures, management recognizes that no matter how well conceived and operated, disclosure controls and procedures can provide
only reasonable, not absolute, assurance that the objectives of the disclosure controls and procedures are met.

56

Our