Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 844

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 7
Chunk 844
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,968 
  
    Cost
    of sales 
     1,898,122  
     1,968,785 
  
    Gross
    profit (loss) 
     32,169  
     (210,817)

    Operating
    expenses 
     5,980,521  
     8,174,200 
  
    Allowance
    for expected credit loss 
     3,441,782  
     - 
  
    Asset
    impairment loss 
     1,019,471  
     - 
  
    Loss from
    operations 
     (10,409,606) 
     (8,385,017)

    Fair value variation on Convertible
    Notes 
     (82,845) 
     - 

    Loss from
    investment 
     (1,092,169) 
     (7,375)
  
    Other income 
     496,530  
     341,667 
  
    Other
    expense 
     (665,795) 
     (246,160)
  
    Interest income (expense), net 
     (7,582) 
     15,224

    Net loss from continuing
    operations 
     (11,761,466) 
     (8,281,661)

    Loss from discontinued operations 
     (433,566) 
     (467,806)

    Loss from
    disposition of discontinued operations 
     3,639,644  
     - 

    Net
    loss 
    $(8,555,388) 
    (8,749,467)

    Income tax expenses 
     -  
     - 
  
    Foreign
    currency translation adjustment, net of tax 
     312,906  
     36,599 

    Total comprehensive loss 
     (8,242,482) 
     (8,712,868)

    Basic and diluted net loss per share 

    Loss from continuing operations 
     (3.98) 
     (11.63)
  
    Loss from discontinued operations 
     -  
     (0.32)
  
    Net
                                            loss per share 
    (3.98) 
    (11.95)

    Basic and
    diluted weighted average number of common stock outstanding 
     2,150,285