Company: IMG
Filing Date: 2025-11-07
Form Type: 10-Q/A
Source: 0001493152-25-021258
Chunk: 15

Company: CIMG Inc.
Filing Date: 2025-11-07
Form: 10-Q/A
Chunk 15
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 are as follows:

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES

|                  |     |     |  June 30, 
      2025 |     |     | September 30, 
          2024 |
|:-----------------|:----|:----|----------:|:----|:----|--------------:|
| Accounts payable |     |     |   482,000 |     |     |     1,098,582 |
| Accrued expenses |     |     | 1,146,598 |     |     |     1,141,755 |
| Total            |     |     | 1,628,598 |     |     |     2,240,337 |

Other current liabilities

As of June 30, 2025 and September 30, 2024, the other current liabilities are $ 567,399and $ 586,173respectively. It mainly includes the finance leasing of equipment and the payment for the goods .

Cost Recognition

The Maca Series products are pure plant products that we purchase maca raw materials and entrust to process. Therefore, the raw materials comprise the procurement cost of maca, the packaging cost of goods, the freight cost of goods and so on.

Operating expenses

For the nine months ended June 30, 2025, the operating expenses were $ 3,387,725. This mainly includes personnel costs of $ 908,134, sales and marketing expenses of $ 202,847, depreciation and amortization of $ 23,197, professional services such as lawyers, auditors and consultants of $ 1,941,625, travel expenses of $ 77,892, office expenses of $ 196,351and other expenses of $ 37,679.

For the nine months ended June 30, 2024, the operating expenses were $ 4,748,076. It primarily comprised of personnel costs, selling and marketing expenses, depreciation and amortization, insurance expenses, professional services, travel and office expenses, etc. In some cases, the Company bears shipping costs for shipping customer orders, and shipping and handling costs are recorded under operating expenses in the consolidated statement of operations.

| 12 |

Other income

For the nine months ended June 30, 2025, the other income was $ 452,142. It is mainly because of the settlement and forgiveness of account payable.

For the nine months ended June 30,