The latest financial statement is for the year ending 2025-09-30.
| Cash Flow | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Losses caused by the termination of business | 0 | - |
| Interest income | 0 | - |
| Depreciation from discontinued operations | 0 | 3,728 |
| Losses caused by the termination of business | - | -433,566 |
| Interest income | - | 25,495 |
| Changes in operating assets and liabilities | 0 | 277,241 |
| Net cash used in discontinued business operations | 0 | -127,102 |
| Impairment loss on inventory | - | 815,498 |
| Gain from discontinued operations | 0 | - |
| Stock option expense | 0 | -62,308 |
| Net loss | - | -8,972,735 |
| Loss from investment | 0 | - |
| Issuance of common stock for services | - | 0 |
| Property and equipment asset impairment | 0 | 203,973 |
| Interest income, net | 0 | -7,582 |
| Gain on disposal of subsidiary | - | 3,639,644 |
| Other assets | 0 | -7,060 |
| Loss from equity method investment | - | -1,092,169 |
| Deferred income | 0 | -379,795 |
| Loss on disposition of assets | - | 0 |
| Net loss | -4,890,555 | - |
| Depreciation and amortization | 81,456 | 190,548 |
| Noncash lease expense | 117,593 | 481,752 |
| Stock compensation expenses | 641,879 | - |
| Goodwill impairment | 1,859,184 | - |
| Net loss from discontinued operations | - | 433,566 |
| Inventory write-down | 902,776 | - |
| Forgiveness of loan payable and other payables | 404,669 | 1,847 |
| Accrued interest | -22,400 | - |
| Accounts receivable | 40,758 | -499,582 |
| Inventories | 8,248,213 | 3,775,210 |
| Prepaid expenses and other current assets | 4,501,022 | -23,041 |
| Other receivables - related party | 92,457 | - |
| Accounts payable | -451,403 | - |
| Other payables-related party | 203,975 | 7,500 |
| Other current liabilities | - | -583,233 |
| Lease liability operating lease | -126,146 | -277,467 |
| Restricted stock award compensation | - | 0 |
| Accrued expenses and other current liabilities | -665,876 | 426,302 |
| Allowance for credit loss | 2,098 | 3,450,141 |
| Fair value variation | 2,024,465 | -82,845 |
| Loss on acquisition | -20,210 | - |
| Net cash used in operating activities | -17,593,993 | -9,970,680 |
| Purchase of equipment | 0 | 319,843 |
| Acquisition of subsidiary | 0 | 200 |
| Proceeds from disposal of equipment | 10,736 | - |
| Cash received from the acquisition of subsidiaries | 11,629 | - |
| Net cash provided by/(used in) investing activities | 22,365 | -320,043 |
| Proceed of loans | 0 | - |
| Repayment of finance lease | 0 | - |
| Proceeds from issuance of common stock, atm offering | 0 | - |
| Repayment of finance lease | - | 26,048 |
| Repayment of loans | 95,671 | - |
| Proceeds from issuance of common stock | - | 1,277,113 |
| Proceeds from issuance of convertible note | 10,144,186 | - |
| Proceeds from issuance of convertible notes-related party | 3,693,041 | 300,000 |
| Proceeds from private placement | 3,505,984 | 4,499,999 |
| Proceeds from issuance of convertible notes | - | 1,620,000 |
| Repayment of loans | - | 4,753 |
| Proceeds from loans | - | 1,919,961 |
| Net cash provided by financing activities | 17,247,540 | 9,586,272 |
| Effect of foreign exchange on cash | -2,847 | 312,906 |
| Net change in cash | -326,935 | -518,647 |
| Cash and cash equivalents at beginning of period | 464,222 | - |
| Cash and cash equivalents at end of period | 137,287 | - |
CIMG Inc. (IMG)
CIMG Inc. (IMG)