For the year ending 2025-09-30, IMG has $74,175,548 in assets. $27,645,099 in debts. $137,287 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2024-09-30 | ||
|---|---|---|---|---|
| Cash and cash equivalent | 137,287 | 464,222 | ||
| Accounts receivable, net | 55,258 | 0 | ||
| Inventories, net | 11,893,318 | 4,548,035 | ||
| Prepaid expenses and other current assets | 4,948,022 | 382,648 | ||
| Currently held assets waiting to be disposed of | - | 0 | ||
| Assets held for sale-current | - | 10,736 | ||
| Amount due from related parties-Related Party | 92,457 | - | ||
| Total current assets | 17,126,342 | 5,405,641 | ||
| Property and equipment, net | 2,200 | 2,268 | ||
| Other asset | - | 0 | ||
| Right-of-use asset - operating lease | 20,340 | 99,746 | ||
| Investment in unconsolidated affiliate | - | 0 | ||
| Intangible assets, net | 2,201 | 80,000 | ||
| Long-term holdings of assets to be disposed of | - | 0 | ||
| Digital assets | 57,024,465 | - | ||
| Total non-current assets | 57,049,206 | 182,014 | ||
| Total assets | 74,175,548 | 5,587,655 | ||
| Accounts payable and accrued expenses | 1,464,144 | 2,240,337 | ||
| Short term loan | 447,164 | 1,920,507 | ||
| Current portion of lease liability - operating lease | 13,346 | 100,962 | ||
| Current portion of long-term loan payable | - | 0 | ||
| Liabilities held for disposal in the current period | - | 0 | ||
| Current portion of lease liability - finance lease | - | 0 | ||
| Deferred income | - | 0 | ||
| Convertible notes-Related Party | 1,838,041 | 319,220 | ||
| Convertible note-Nonrelated Party | - | 1,063,624 | ||
| Amount due to related parties | 211,475 | 7,500 | ||
| Contract liabilities | 105,653 | - | ||
| Other current liabilities | 22,250,590 | 586,173 | ||
| Tax payable | 1,314,686 | - | ||
| Total current liabilities | 27,645,099 | 6,238,323 | ||
| Lease liability - operating lease, net of current portion | - | 0 | ||
| Non-current liabilities held for disposition | - | 0 | ||
| Total non current liabilities | - | 0 | ||
| Total liabilities | 27,645,099 | 6,238,323 | ||
| 9,825,704 and 248,912 common shares issued and outstanding as of september 30, 2025 and 2024, respectively | 99 | 50 | ||
| Additional paid-in capital | 132,531,653 | 81,260,605 | ||
| Accumulated deficit | -87,228,118 | -82,344,722 | ||
| Accumulated other comprehensive income | 431,598 | 433,399 | ||
| Total shareholders equity of the company | 45,735,232 | -650,668 | ||
| Non-controlling interests | 795,217 | - | ||
| Total stockholders equity | 46,530,449 | - | ||
| Total liabilities and stockholders equity | 74,175,548 | 5,587,655 | ||
CIMG Inc. (IMG)
CIMG Inc. (IMG)