10-Q Filing

CIMG INC. CIK: 1527613 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001127855-17-000046`
Period End Date	20161231
Filing Date	20170221
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	nuze-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 26 Cash Flow Statement 62

Balance Sheet 72 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`	$162.74K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$107.68K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$40.61K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$47.25K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$57.71K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$201.18K	USD	Point-in-time
Inventories	`InventoryNet`	$411.22K	USD	Point-in-time
Inventories	`InventoryNet`	$206.36K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	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
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$73.55K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$848.69K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	31.15M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	32.84M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$370.41K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$151.95K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	32.84M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$298.37K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	31.15M	shares	Point-in-time
Investment in unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	-	USD	Point-in-time
Investment in unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$34.83K	USD	Point-in-time
Goodwill	`Goodwill`	$52.42K	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Total other assets	`OtherAssets`	-	USD	Point-in-time
Total other assets	`OtherAssets`	$87.25K	USD	Point-in-time
Total assets	`Assets`	$522.35K	USD	Point-in-time
Total assets	`Assets`	$1.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$189.32K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$196.20K	USD	Point-in-time
Loan payable - short term - Related party	`LoansPayableCurrent`	$129.43K	USD	Point-in-time
Loan payable - short term - Related party	`LoansPayableCurrent`	$145.38K	USD	Point-in-time
Loan payable - short term	`ShortTermBankLoansAndNotesPayable`	$25.75K	USD	Point-in-time
Loan payable - short term	`ShortTermBankLoansAndNotesPayable`	-	USD	Point-in-time
Convertible Notes payable - Related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$603.01K	USD	Point-in-time
Convertible Notes payable - Related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$604.52K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$7.34K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$111.19K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$945.04K	USD	Point-in-time
Loan payable - long term	`LongTermLoansPayable`	-	USD	Point-in-time
Loan payable - long term	`LongTermLoansPayable`	$90.14K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$90.14K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$311.00	USD	Point-in-time
Common stock	`CommonStockValue`	$328.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$7.70M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.26M	USD	Point-in-time
Less: treasury stock, at cost	`TreasuryStockValue`	$-69.11K	USD	Point-in-time
Less: treasury stock, at cost	`TreasuryStockValue`	$-69.11K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-26.26K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Total controller shareholders' equity (deficit)	`ShareholdersEquityFairValueDisclosure`	$6.46K	USD	Point-in-time
Total controller shareholders' equity (deficit)	`ShareholdersEquityFairValueDisclosure`	$-422.69K	USD	Point-in-time
Noncontrolling interest	`RedeemableNoncontrollingInterestEquityFairValue`	$70.63K	USD	Point-in-time
Noncontrolling interest	`RedeemableNoncontrollingInterestEquityFairValue`	-	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$77.09K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-422.69K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$1.23M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$522.35K	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$577.51K	USD	1 Quarter
Revenues	`Revenues`	$44.46K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$416.87K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$29.07K	USD	1 Quarter
Gross Profit	`GrossProfit`	$160.64K	USD	1 Quarter
Gross Profit	`GrossProfit`	$15.39K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$508.33K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$321.57K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-347.69K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-306.18K	USD	1 Quarter
Other income	`OtherIncome`	$17.85K	USD	1 Quarter
Other income	`OtherIncome`	$228.00	USD	1 Quarter
Equity in loss of unconsolidated affiliate	`AffiliateCosts`	-	USD	1 Quarter
Equity in loss of unconsolidated affiliate	`AffiliateCosts`	$-15.17K	USD	1 Quarter
Other expense	`OtherExpenses`	$-1.35K	USD	1 Quarter
Other expense	`OtherExpenses`	$-3.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-309.60K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-346.37K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.42K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net loss attributable to controlling interest	`NetIncomeLossAttributableToParentDiluted`	$-309.60K	USD	1 Quarter
Net loss attributable to controlling interest	`NetIncomeLossAttributableToParentDiluted`	$-339.95K	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted weighted average number of common stock outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	32.55M	shares	1 Quarter
Basic and diluted weighted average number of common stock outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.33M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-309.60K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-346.37K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$18.65K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$10.49K	USD	1 Quarter
Option expense	`StockOptionPlanExpense`	-	USD	1 Quarter
Option expense	`StockOptionPlanExpense`	$1.90K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$1.85K	USD	1 Quarter
Inventory impairment	`TangibleAssetImpairmentCharges`	$4.11K	USD	1 Quarter
Inventory impairment	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Equity in loss of unconsolidated affiliate	`AffiliateCosts`	-	USD	1 Quarter
Equity in loss of unconsolidated affiliate	`AffiliateCosts`	$-15.17K	USD	1 Quarter
Accounts receivable (increase/decrease)	`IncreaseDecreaseInAccountsReceivable`	$3.86K	USD	1 Quarter
Accounts receivable (increase/decrease)	`IncreaseDecreaseInAccountsReceivable`	$-82.69K	USD	1 Quarter
Inventories (increase/decrease)	`IncreaseDecreaseInInventories`	$24.87K	USD	1 Quarter
Inventories (increase/decrease)	`IncreaseDecreaseInInventories`	$20.65K	USD	1 Quarter
Prepaid expenses and deposits (increase/decrease)	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$67.91K	USD	1 Quarter
Prepaid expenses and deposits (increase/decrease)	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-176.00	USD	1 Quarter
Accounts payable (increase/decrease)	`IncreaseDecreaseInAccountsPayable`	$-77.16K	USD	1 Quarter
Accounts payable (increase/decrease)	`IncreaseDecreaseInAccountsPayable`	$12.10K	USD	1 Quarter
Other current liabilities (increase/decrease)	`IncreaseDecreaseInOtherCurrentLiabilities`	$19.64K	USD	1 Quarter
Other current liabilities (increase/decrease)	`IncreaseDecreaseInOtherCurrentLiabilities`	$-220.00	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-352.13K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-262.90K	USD	1 Quarter
Purchase of equipment and software	`EquipmentExpense`	$-2.53K	USD	1 Quarter
Purchase of equipment and software	`EquipmentExpense`	$-135.73K	USD	1 Quarter
Acquisition of investment in unconsolidated affiliate	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	1 Quarter
Acquisition of investment in unconsolidated affiliate	`BusinessCombinationAcquisitionRelatedCosts`	$-50.00K	USD	1 Quarter
Net cash acquired from business acquisition	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Net cash acquired from business acquisition	`CashAcquiredFromAcquisition`	$201.68K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$15.95K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.53K	USD	1 Quarter
Proceeds from issuance of Loan - short term - Related party	`ProceedsFromIssuanceOfDebt`	$18.38K	USD	1 Quarter
Proceeds from issuance of Loan - short term - Related party	`ProceedsFromIssuanceOfDebt`	-	USD	1 Quarter
Repayment of loans - short term - Related party	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Repayment of loans - short term - Related party	`RepaymentsOfRelatedPartyDebt`	$-34.67K	USD	1 Quarter
Repayment of loans - short term	`RepaymentsOfShortTermDebt`	$-6.44K	USD	1 Quarter
Repayment of loans - short term	`RepaymentsOfShortTermDebt`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$535.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$205.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$512.28K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$205.00K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$176.09K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-60.43K	USD	1 Quarter
Effect of foreign exchange on cash and cash equivalents	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Effect of foreign exchange on cash and cash equivalents	`ForeignCurrencyTransactionGainLossBeforeTax`	$-53.97K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$162.74K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$107.68K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$40.61K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.25K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$162.74K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$107.68K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$40.61K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.25K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$584.00	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	$800.00	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Acquisition of interest through issuance of common shares	`StockIssuedDuringPeriodValueAcquisitions`	-	USD	1 Quarter
Acquisition of interest through issuance of common shares	`StockIssuedDuringPeriodValueAcquisitions`	$258.46K	USD	1 Quarter
Software purchased with installment agreement	`PaymentsToAcquireSoftware`	$14.81K	USD	1 Quarter
Software purchased with installment agreement	`PaymentsToAcquireSoftware`	-	USD	1 Quarter

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