10-K Filing

CIMG INC. CIK: 1527613 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001127855-16-000857`
Period End Date	20160930
Filing Date	20161229
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	nuze-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 19 Cash Flow Statement 49 Stockholders Equity 6

Balance Sheet 53 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$107.68K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$40.61K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$18.20K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$57.71K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$201.76K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventories	`InventoryNet`	$206.36K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$65.73K	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`	$21.53K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$349.18K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	31.15M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	30.12M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$370.41K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$192.10K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	31.15M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$151.95K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	30.12M	shares	Point-in-time
Total assets	`Assets`	$541.28K	USD	Point-in-time
Total assets	`Assets`	$522.35K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$189.32K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$65.52K	USD	Point-in-time
Loan payable - short term - Related party	`LoansPayableCurrent`	-	USD	Point-in-time
Loan payable - short term - Related party	`LoansPayableCurrent`	$145.38K	USD	Point-in-time
Convertible Notes payable - Related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$603.01K	USD	Point-in-time
Convertible Notes payable - Related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$600.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$7.34K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$607.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$666.13K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$945.04K	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`	$6.91M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.26M	USD	Point-in-time
Less: treasury stock, at cost	`TreasuryStockValue`	$-77.37K	USD	Point-in-time
Less: treasury stock, at cost	`TreasuryStockValue`	$-69.11K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-124.85K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-422.69K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$522.35K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$541.28K	USD	Point-in-time

Income Statement 19 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$115.02K	USD	Annual
Revenues	`Revenues`	$455.49K	USD	Annual
Cost of sales (exclusive of depreciation)	`CostOfGoodsAndServicesSold`	$72.07K	USD	Annual
Cost of sales (exclusive of depreciation)	`CostOfGoodsAndServicesSold`	$408.15K	USD	Annual
Gross Profit	`GrossProfit`	$42.95K	USD	Annual
Gross Profit	`GrossProfit`	$47.34K	USD	Annual
Operating expenses	`OperatingExpenses`	$1.51M	USD	Annual
Operating expenses	`OperatingExpenses`	$1.33M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.47M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.29M	USD	Annual
Other income	`OtherIncome`	$11.90K	USD	Annual
Other income	`OtherIncome`	$441.00	USD	Annual
Other expense	`OtherExpenses`	$-1.93K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.28M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.47M	USD	Annual
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	Annual
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	Annual
Basic and diluted weighted average number of common stock outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.75M	shares	Annual
Basic and diluted weighted average number of common stock outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.00M	shares	Annual

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.28M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.47M	USD	Annual
Depreciation	`Depreciation`	$22.15K	USD	Annual
Depreciation	`Depreciation`	$41.92K	USD	Annual
Loss on disposition of equipments	`GainLossOnDispositionOfAssets`	$2.71K	USD	Annual
Loss on disposition of equipments	`GainLossOnDispositionOfAssets`	$54.68K	USD	Annual
Share issued for services	`EmployeeBenefitsAndShareBasedCompensation`	$6.00K	USD	Annual
Option expense	`StockOptionPlanExpense`	$37.25K	USD	Annual
Option expense	`StockOptionPlanExpense`	$18.97K	USD	Annual
Warrant expense	`EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions`	$20.53K	USD	Annual
Interest expense	`InterestExpense`	$3.38K	USD	Annual
Inventory impairment	`TangibleAssetImpairmentCharges`	$49.22K	USD	Annual
Accounts receivable (increase/decrease)	`IncreaseDecreaseInAccountsReceivable`	$-13.00K	USD	Annual
Accounts receivable (increase/decrease)	`IncreaseDecreaseInAccountsReceivable`	$-39.51K	USD	Annual
Inventories (increase/decrease)	`IncreaseDecreaseInInventories`	$-53.82K	USD	Annual
Inventories (increase/decrease)	`IncreaseDecreaseInInventories`	$-150.88K	USD	Annual
Prepaid expenses and deposits (increase/decrease)	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$47.57K	USD	Annual
Prepaid expenses and deposits (increase/decrease)	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-44.19K	USD	Annual
Accounts payable (increase/decrease)	`IncreaseDecreaseInAccountsPayable`	$123.80K	USD	Annual
Accounts payable (increase/decrease)	`IncreaseDecreaseInAccountsPayable`	$22.14K	USD	Annual
Other current liabilities (increase/decrease)	`IncreaseDecreaseInOtherCurrentLiabilities`	$6.73K	USD	Annual
Other current liabilities (increase/decrease)	`IncreaseDecreaseInOtherCurrentLiabilities`	$-7.57K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.45M	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.15M	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-235.56K	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-4.48K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-235.56K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.48K	USD	Annual
Proceeds from issuance of convertible notes	`ProceedsFromIssuanceOfMediumTermNotes`	$600.00K	USD	Annual
Proceeds from issuance of Loan - short term	`ProceedsFromIssuanceOfDebt`	$200.00K	USD	Annual
Repayment of loans - short term	`RepaymentsOfShortTermDebt`	$-55.00K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$801.00K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$737.86K	USD	Annual
Proceeds from issuance of exercise of options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.50K	USD	Annual
Proceeds from issuance of treasury stock	`PaymentsForRepurchaseOfEquity`	$216.00K	USD	Annual
Proceeds from issuance of treasury stock	`PaymentsForRepurchaseOfEquity`	$137.70K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.09M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.55M	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-67.06K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-130.48K	USD	Annual
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$107.68K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$40.61K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$107.68K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$40.61K	USD	Point-in-time
Cash paid for taxes	`IncomeTaxesPaid`	$800.00	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	$800.00	USD	Annual
Cancellation of common stocks	`PaymentsForRepurchaseOfCommonStock`	$15.00	USD	Annual

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Balance, Shares	`CommonStockSharesOutstanding`	31.15M	shares	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	30.12M	shares	Point-in-time
Treasury stock sold for cash, Value	`TreasuryStockValue`	$-77.37K	USD	Point-in-time
Treasury stock sold for cash, Value	`TreasuryStockValue`	$-69.11K	USD	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	31.15M	shares	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	30.12M	shares	Point-in-time

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