Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 1129

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 15
Chunk 1129
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ATING LEASE 

    ROU Asset – October 1, 2023 
    $403,258 
  
    Disposal of ROU 
     (85,660)
  
    ROU Asset added during the period 
     37,890 
  
    Amortization during the period 
     (255,742)
  
    ROU Asset – September 30, 2024 
    $99,746 

    Lease Liability – October 1, 2023 
    $378,429 
  
    Lease Liability added during the period 
     37,890 
  
    Amortization during the period 
     (226,011)
  
    disposal of lease liability 
     (89,347)
  
    Lease Liability – September 30, 2024 
    $100,962 

    Lease Liability – Short-Term 
    $100,962 
  
    Lease Liability – Long-Term 
     - 
  
    Lease Liability – Total 
    $100,962 

The
table below reconciles the fixed component of the undiscounted cash flows for each of the first five years and the total remaining years
to the lease liabilities recorded on the Consolidated Balance Sheet as of September 30, 2024.

Amounts
due within 12 months of September 30,

SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASES 

    2025 
     Sep 30, 2024 
  
    2025 
     102,738 

    2026 
     428 
  
    Total Minimum Lease Payments 
     103,166 
  
    Less Effect of Discounting 
     2,204 
  
    Present Value of Future Minimum Lease Payments 
     100,962 
  
    Less Current Portion of Operating Lease Obligations 
     100,962 
  
    Long-Term Operating Lease Obligations 
    $- 

During
the year ended September 30, 2024, we had the following cash and non-cash activities associated with our leases:

SCHEDULE
OF CASH AND NON-CASH ACTIVITIES OF LEASES 

    Operating cash outflows from operating leases: 
    $340,445 
  
    Operating cash outflows from finance leases: 
    $824 
  
    Financing cash outflows from finance lease: 
    $25,224 

In September