10-Q/A Filing

CIMG INC. CIK: 1527613 Q3 2017

Filing Information

Form Type	10-Q/A
Accession Number	`0001127855-17-000212`
Period End Date	20170630
Filing Date	20170822
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	nuze-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 48 Cash Flow Statement 63

Balance Sheet 64 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`	$151.61K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$40.61K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$17.05K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$40.61K	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$102.44K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$57.71K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$206.36K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventories	`InventoryNet`	$380.51K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventories	`InventoryNet`	$206.36K	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
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$148.10K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$370.41K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$782.67K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	34.37M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	31.15M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$151.95K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	31.15M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	34.37M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$261.74K	USD	Point-in-time
Goodwill	`Goodwill`	$52.42K	USD	Point-in-time
Total other assets	`OtherAssets`	$52.42K	USD	Point-in-time
Total assets	`Assets`	$522.35K	USD	Point-in-time
Total assets	`Assets`	$1.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$189.32K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$113.35K	USD	Point-in-time
Loan payable - short term - Related party	`LoansPayableCurrent`	$145.38K	USD	Point-in-time
Loan payable - short term - Related party	`LoansPayableCurrent`	$201.56K	USD	Point-in-time
Current portion of long-term loan payable	`LongTermDebtCurrent`	$23.88K	USD	Point-in-time
Convertible Notes payable - Related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$603.01K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$7.34K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$69.84K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$408.64K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$945.04K	USD	Point-in-time
Loan payable - long term	`LongTermLoansPayable`	$165.93K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$165.93K	USD	Point-in-time
Common stock	`CommonStockValue`	$311.00	USD	Point-in-time
Common stock	`CommonStockValue`	$344.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.91M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$8.87M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.34M	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`	$-45.38K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.91K	USD	Point-in-time
Total shareholders' equity (deficit)	`ShareholdersEquityFairValueDisclosure`	$-422.69K	USD	Point-in-time
Total shareholders' equity (deficit)	`ShareholdersEquityFairValueDisclosure`	$468.83K	USD	Point-in-time
Noncontrolling interest	`RedeemableNoncontrollingInterestEquityFairValue`	$53.43K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$522.26K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-422.69K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$1.10M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$522.35K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$136.27K	USD	1 Quarter
Revenues	`Revenues`	$231.68K	USD	3 Qtrs
Revenues	`Revenues`	$1.22M	USD	3 Qtrs
Revenues	`Revenues`	$268.26K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$72.55K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$945.54K	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$203.08K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$131.88K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$65.19K	USD	1 Quarter
Gross Profit	`GrossProfit`	$63.72K	USD	1 Quarter
Gross Profit	`GrossProfit`	$276.56K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$99.80K	USD	3 Qtrs
Operating expenses	`OperatingExpenses`	$1.36M	USD	3 Qtrs
Operating expenses	`OperatingExpenses`	$398.39K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$1.08M	USD	3 Qtrs
Operating expenses	`OperatingExpenses`	$437.18K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.08M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-334.67K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-979.63K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-371.99K	USD	1 Quarter
Other income	`OtherIncome`	$11.83K	USD	3 Qtrs
Other income	`OtherIncome`	$11.56K	USD	1 Quarter
Other income	`OtherIncome`	$8.43K	USD	1 Quarter
Other income	`OtherIncome`	$39.39K	USD	3 Qtrs
Equity in loss of unconsolidated affiliate	`AffiliateCosts`	$-2.11K	USD	1 Quarter
Equity in loss of unconsolidated affiliate	`AffiliateCosts`	$-50.00K	USD	3 Qtrs
Other expense	`OtherExpenses`	$-1.71K	USD	1 Quarter
Other expense	`OtherExpenses`	$-4.56K	USD	3 Qtrs
Other expense	`OtherExpenses`	$-5.24K	USD	3 Qtrs
Other expense	`OtherExpenses`	$-1.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-367.01K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-324.82K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.10M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-972.36K	USD	3 Qtrs
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-11.49K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-26.34K	USD	3 Qtrs
Net loss attributable to shareholders	`NetIncomeLossAttributableToParentDiluted`	$-355.52K	USD	1 Quarter
Net loss attributable to shareholders	`NetIncomeLossAttributableToParentDiluted`	$-324.82K	USD	1 Quarter
Net loss attributable to shareholders	`NetIncomeLossAttributableToParentDiluted`	$-1.07M	USD	3 Qtrs
Net loss attributable to shareholders	`NetIncomeLossAttributableToParentDiluted`	$-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`	$-0.01	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	3 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	3 Qtrs
Basic and diluted weighted average number of common stock outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.58M	shares	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`	32.74M	shares	1 Quarter
Basic and diluted weighted average number of common stock outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.54M	shares	3 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-367.01K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-324.82K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.10M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-972.36K	USD	3 Qtrs
Depreciation and Amortization	`DepreciationAndAmortization`	$55.88K	USD	3 Qtrs
Depreciation and Amortization	`DepreciationAndAmortization`	$31.51K	USD	3 Qtrs
Option expense	`StockOptionPlanExpense`	$23.47K	USD	3 Qtrs
Option expense	`StockOptionPlanExpense`	$33.74K	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.89K	USD	3 Qtrs
Inventory impairment	`TangibleAssetImpairmentCharges`	$4.11K	USD	3 Qtrs
Equity in loss of unconsolidated affiliate	`AffiliateCosts`	$-2.11K	USD	1 Quarter
Equity in loss of unconsolidated affiliate	`AffiliateCosts`	$-50.00K	USD	3 Qtrs
Accounts receivable (increase/decrease)	`IncreaseDecreaseInAccountsReceivable`	$4.67K	USD	3 Qtrs
Accounts receivable (increase/decrease)	`IncreaseDecreaseInAccountsReceivable`	$16.04K	USD	3 Qtrs
Inventories (increase/decrease)	`IncreaseDecreaseInInventories`	$59.69K	USD	3 Qtrs
Inventories (increase/decrease)	`IncreaseDecreaseInInventories`	$-11.92K	USD	3 Qtrs
Prepaid expenses and deposits (increase/decrease)	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.59K	USD	3 Qtrs
Prepaid expenses and deposits (increase/decrease)	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.64K	USD	3 Qtrs
Accounts payable (increase/decrease)	`IncreaseDecreaseInAccountsPayable`	$-160.00K	USD	3 Qtrs
Accounts payable (increase/decrease)	`IncreaseDecreaseInAccountsPayable`	$-6.97K	USD	3 Qtrs
Other current liabilities (increase/decrease)	`IncreaseDecreaseInOtherCurrentLiabilities`	$1.45K	USD	3 Qtrs
Other current liabilities (increase/decrease)	`IncreaseDecreaseInOtherCurrentLiabilities`	$-21.70K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-911.28K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.07M	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquireMachineryAndEquipment`	$-2.85K	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquireMachineryAndEquipment`	$-136.33K	USD	3 Qtrs
Acquisition of investment in unconsolidated affiliate	`BusinessCombinationAcquisitionRelatedCosts`	$-50.00K	USD	3 Qtrs
Net cash acquired from business acquisition	`CashAcquiredFromAcquisition`	$201.68K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$15.34K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.85K	USD	3 Qtrs
Proceeds from issuance of Loan - short term - Related party	`ProceedsFromIssuanceOfDebt`	$479.38K	USD	3 Qtrs
Proceeds from issuance of Loan - short term - Related party	`ProceedsFromIssuanceOfDebt`	$100.00K	USD	3 Qtrs
Repayment of loans - short term - Related party	`RepaymentsOfRelatedPartyDebt`	$-322.82K	USD	3 Qtrs
Repayment of loans - short term - Related party	`RepaymentsOfRelatedPartyDebt`	$-55.00K	USD	3 Qtrs
Proceeds from issuance of Loan - short term	`ProceedsFromLoans`	$89.02K	USD	3 Qtrs
Repayment of loans - short term	`RepaymentsOfShortTermDebt`	$-26.05K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$680.51K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$777.00K	USD	3 Qtrs
Proceeds from issuance of exercise of options	`ProceedsFromStockOptionsExercised`	$1.50K	USD	3 Qtrs
Proceeds from issuance of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$315.32K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.22M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$823.50K	USD	3 Qtrs
Effect of foreign exchange on cash and cash equivalents	`ForeignCurrencyTransactionGainLossBeforeTax`	$-44.77K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$111.00K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-90.63K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$107.68K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$151.61K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$40.61K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.05K	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`	$151.61K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$40.61K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.05K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$40.61K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$2.06K	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	$800.00	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	$800.00	USD	3 Qtrs
Acquisition through issuance of common shares	`StockIssuedDuringPeriodValueAcquisitions`	$258.46K	USD	3 Qtrs
Acquisition through issuance of common shares	`StockIssuedDuringPeriodValueAcquisitions`	-	USD	3 Qtrs
Software purchased with installment agreement	`PaymentsToAcquireSoftware`	$14.81K	USD	3 Qtrs
Conversion of note payable	`ProceedsFromNotesPayable`	$606.00K	USD	3 Qtrs
Conversion of note payable - Related party	`ProceedsFromRepaymentsOfNotesPayable`	$100.00K	USD	3 Qtrs

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