10-Q Filing

CIMG INC. CIK: 1527613 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001127855-16-000735`
Period End Date	20160630
Filing Date	20160815
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	nuze-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 40 Cash Flow Statement 56

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$107.68K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$17.05K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$202.32K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$13.53K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$18.20K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$213.68K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventories	`InventoryNet`	$201.76K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$21.53K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$12.94K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	30.12M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$257.20K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	31.12M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$349.18K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$192.10K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	31.12M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$163.44K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	30.12M	shares	Point-in-time
Total assets	`Assets`	$420.65K	USD	Point-in-time
Total assets	`Assets`	$541.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.55K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$65.52K	USD	Point-in-time
Loan payable - short term - Related party	`LoansPayableCurrent`	$45.15K	USD	Point-in-time
Loan payable - short term - Related party	`LoansPayableCurrent`	-	USD	Point-in-time
Convertible Notes payable - Related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$600.00K	USD	Point-in-time
Convertible Notes payable - Related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$601.50K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$607.00	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$416.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$705.62K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$666.13K	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$311.00	USD	Point-in-time
Common stock	`CommonStockValue`	$301.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.75M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.99M	USD	Point-in-time
Less: treasury stock, at cost	`TreasuryStockValue`	$77.37K	USD	Point-in-time
Less: treasury stock, at cost	`TreasuryStockValue`	$77.37K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-284.97K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-124.85K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$420.65K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$541.28K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$29.81K	USD	1 Quarter
Revenues	`Revenues`	$231.68K	USD	3 Qtrs
Revenues	`Revenues`	$86.41K	USD	3 Qtrs
Revenues	`Revenues`	$136.27K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$63.96K	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$72.55K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$23.00K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$131.88K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$63.72K	USD	1 Quarter
Gross Profit	`GrossProfit`	$22.45K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$99.80K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$6.81K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$1.08M	USD	3 Qtrs
Operating expenses	`OperatingExpenses`	$369.96K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$1.09M	USD	3 Qtrs
Operating expenses	`OperatingExpenses`	$398.39K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-979.63K	USD	3 Qtrs
Loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.07M	USD	3 Qtrs
Loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-334.67K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-363.15K	USD	1 Quarter
Other income	`OtherIncome`	$190.00	USD	1 Quarter
Other income	`OtherIncome`	$11.83K	USD	3 Qtrs
Other income	`OtherIncome`	$11.56K	USD	1 Quarter
Other income	`OtherIncome`	$191.00	USD	3 Qtrs
Other expense	`OtherExpenses`	$-1.23K	USD	3 Qtrs
Other expense	`OtherExpenses`	$-1.71K	USD	1 Quarter
Other expense	`OtherExpenses`	-	USD	1 Quarter
Other expense	`OtherExpenses`	$-4.56K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-324.82K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-362.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-972.36K	USD	3 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	3 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	3 Qtrs
Basic and diluted weighted average number of common stock outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.66M	shares	1 Quarter
Basic and diluted weighted average number of common stock outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.77M	shares	1 Quarter
Basic and diluted weighted average number of common stock outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.88M	shares	3 Qtrs
Basic and diluted weighted average number of common stock outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.58M	shares	3 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-324.82K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-362.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-972.36K	USD	3 Qtrs
Depreciation	`Depreciation`	$31.51K	USD	3 Qtrs
Depreciation	`Depreciation`	$9.31K	USD	3 Qtrs
Option expense	`StockOptionPlanExpense`	$32.04K	USD	3 Qtrs
Option expense	`StockOptionPlanExpense`	$33.74K	USD	3 Qtrs
Warrant expense	`ShareBasedCompensation`	$20.53K	USD	3 Qtrs
Warrant expense	`ShareBasedCompensation`	-	USD	3 Qtrs
Accounts receivable (increase/decrease)	`IncreaseDecreaseInAccountsReceivable`	$-24.64K	USD	3 Qtrs
Accounts receivable (increase/decrease)	`IncreaseDecreaseInAccountsReceivable`	$4.67K	USD	3 Qtrs
Inventories (increase/decrease)	`IncreaseDecreaseInInventories`	$-11.92K	USD	3 Qtrs
Inventories (increase/decrease)	`IncreaseDecreaseInInventories`	$-157.76K	USD	3 Qtrs
Prepaid expenses and deposits (increase/decrease)	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-97.52K	USD	3 Qtrs
Prepaid expenses and deposits (increase/decrease)	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.59K	USD	3 Qtrs
Accounts payable (increase/decrease)	`IncreaseDecreaseInAccountsPayable`	$-6.97K	USD	3 Qtrs
Accounts payable (increase/decrease)	`IncreaseDecreaseInAccountsPayable`	$106.17K	USD	3 Qtrs
Other current liabilities (increase/decrease)	`IncreaseDecreaseInOtherCurrentLiabilities`	$1.45K	USD	3 Qtrs
Other current liabilities (increase/decrease)	`IncreaseDecreaseInOtherCurrentLiabilities`	$-7.79K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.19M	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-911.28K	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-2.85K	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-90.16K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.85K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-90.16K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$429.86K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$777.00K	USD	3 Qtrs
Proceeds from exercise of options	`ProceedsFromStockOptionsExercised`	$1.50K	USD	3 Qtrs
Proceeds from exercise of options	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Proceeds from issuance of short term loan payable - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from issuance of short term loan payable - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$100.00K	USD	3 Qtrs
Proceeds from issuance of convertible note payable - related party	`ProceedsFromConvertibleDebt`	$600.00K	USD	3 Qtrs
Proceeds from issuance of convertible note payable - related party	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Proceeds from issuance of treasury stock	`PaymentsForRepurchaseOfEquity`	$216.00K	USD	3 Qtrs
Proceeds from issuance of treasury stock	`PaymentsForRepurchaseOfEquity`	-	USD	3 Qtrs
Repayment of principal on short term loan payable - related party	`RepaymentsOfShortTermDebt`	-	USD	3 Qtrs
Repayment of principal on short term loan payable - related party	`RepaymentsOfShortTermDebt`	$-55.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$823.50K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.25M	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-90.63K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-35.84K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$107.68K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.05K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$202.32K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$107.68K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.05K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$202.32K	USD	Point-in-time
Cash paid for taxes	`IncomeTaxesPaid`	$800.00	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cancellation of common stocks	`PaymentsForRepurchaseOfCommonStock`	$15.00	USD	3 Qtrs
Cancellation of common stocks	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.