10-K/A Filing

CIMG INC. CIK: 1527613 FY 2017

Filing Information

Form Type	10-K/A
Accession Number	`0001127855-18-000027`
Period End Date	20170930
Filing Date	20180222
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	nuze-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 28 Cash Flow Statement 84 Stockholders Equity 6

Balance Sheet 85 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
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$347.33K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$40.61K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$143.89K	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
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable - Related party	`AccountsReceivableRelatedPartiesCurrent`	$12.38K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts receivable - Related party	`AccountsReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventories, net	`InventoryNet`	$266.62K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$206.36K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	34.72M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$102.93K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	31.15M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$65.73K	USD	Point-in-time
Other current assets - Related party	`OtherAssetsMiscellaneousCurrent`	-	USD	Point-in-time
Other current assets - Related party	`OtherAssetsMiscellaneousCurrent`	$29.38K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	31.15M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	34.72M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$902.52K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$370.41K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$151.95K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$277.99K	USD	Point-in-time
Goodwill	`Goodwill`	$17.11K	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Customer List, net	`FiniteLivedCustomerListsGross`	-	USD	Point-in-time
Customer List, net	`FiniteLivedCustomerListsGross`	$45.90K	USD	Point-in-time
Investment in unconsolidated affiliate	`InvestmentsInAndAdvancesToAffiliatesAtFairValue`	$10.73K	USD	Point-in-time
Investment in unconsolidated affiliate	`InvestmentsInAndAdvancesToAffiliatesAtFairValue`	-	USD	Point-in-time
Total other assets	`OtherAssets`	$73.74K	USD	Point-in-time
Total other assets	`OtherAssets`	-	USD	Point-in-time
Total assets	`Assets`	$522.35K	USD	Point-in-time
Total assets	`Assets`	$1.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$104.97K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$189.32K	USD	Point-in-time
Loan payable - short term - Related party	`LoansPayableCurrent`	$145.38K	USD	Point-in-time
Loan payable - short term - Related party	`LoansPayableCurrent`	$200.00	USD	Point-in-time
Current portion of long-term loan payable	`LongTermDebtCurrent`	$44.68K	USD	Point-in-time
Current portion of long-term loan payable	`LongTermDebtCurrent`	-	USD	Point-in-time
Convertible Notes payable - Related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Convertible Notes payable - Related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$603.01K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$126.69K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$717.00	USD	Point-in-time
Other current liabilities - Related party	`OtherSundryLiabilitiesCurrent`	$1.09K	USD	Point-in-time
Other current liabilities - Related party	`OtherSundryLiabilitiesCurrent`	-	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$72.75K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$6.62K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$350.38K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$945.04K	USD	Point-in-time
Loan payable - long term, net of current portion	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Loan payable - long term, net of current portion	`LongTermDebtNoncurrent`	$133.64K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$9.61K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$143.25K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$945.04K	USD	Point-in-time
Total liabilities	`Liabilities`	$493.63K	USD	Point-in-time
Common stock	`CommonStockValue`	$311.00	USD	Point-in-time
Common stock	`CommonStockValue`	$347.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.72M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.03M	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`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.68K	USD	Point-in-time
Total shareholders' equity (deficit)	`ShareholdersEquityFairValueDisclosure`	$667.76K	USD	Point-in-time
Total shareholders' equity (deficit)	`ShareholdersEquityFairValueDisclosure`	$-422.69K	USD	Point-in-time
Noncontrolling interest	`RedeemableNoncontrollingInterestEquityFairValue`	-	USD	Point-in-time
Noncontrolling interest	`RedeemableNoncontrollingInterestEquityFairValue`	$92.86K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$760.62K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-422.69K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$1.25M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$522.35K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$455.49K	USD	Annual
Revenues, net	`Revenues`	$1.63M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$408.15K	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$1.32M	USD	Annual
Gross Profit	`GrossProfit`	$309.18K	USD	Annual
Gross Profit	`GrossProfit`	$47.34K	USD	Annual
Operating expenses	`OperatingExpenses`	$2.08M	USD	Annual
Operating expenses	`OperatingExpenses`	$1.33M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.28M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.77M	USD	Annual
Other income	`OtherIncome`	$40.76K	USD	Annual
Other income	`OtherIncome`	$11.90K	USD	Annual
Equity in loss of unconsolidated affiliate	`AffiliateCosts`	-	USD	Annual
Equity in loss of unconsolidated affiliate	`AffiliateCosts`	$-39.27K	USD	Annual
Other expense	`OtherExpenses`	$-3.23K	USD	Annual
Other expense	`OtherExpenses`	$-5.68K	USD	Annual
Interest expense	`InterestExpense`	$-3.38K	USD	Annual
Interest expense	`InterestExpense`	$-6.98K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.78M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.28M	USD	Annual
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-9.05K	USD	Annual
Net loss attributable to shareholders	`NetIncomeLossAttributableToParentDiluted`	$-1.28M	USD	Annual
Net loss attributable to shareholders	`NetIncomeLossAttributableToParentDiluted`	$-1.77M	USD	Annual
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	Annual
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.04	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`	32.14M	shares	Annual

Cash Flow Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.78M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.28M	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$87.39K	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$41.92K	USD	Annual
Loss on disposition of equipments	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Loss on disposition of equipments	`GainLossOnSaleOfPropertyPlantEquipment`	$2.71K	USD	Annual
Share issued for services	`ShareBasedGoodsAndNonemployeeServicesTransactionStockholdersEquity`	-	USD	Annual
Share issued for services	`ShareBasedGoodsAndNonemployeeServicesTransactionStockholdersEquity`	$14.88K	USD	Annual
Option expense	`StockOptionPlanExpense`	$138.10K	USD	Annual
Option expense	`StockOptionPlanExpense`	$37.25K	USD	Annual
Interest Expense	`InterestAndDebtExpense`	$2.62K	USD	Annual
Interest Expense	`InterestAndDebtExpense`	$3.38K	USD	Annual
Inventory impairment	`TangibleAssetImpairmentCharges`	$49.22K	USD	Annual
Inventory impairment	`TangibleAssetImpairmentCharges`	$9.09K	USD	Annual
Provision for sales returns and chargebacks	`SalesReturnsGoods`	-	USD	Annual
Provision for sales returns and chargebacks	`SalesReturnsGoods`	$86.49K	USD	Annual
Equity in loss of unconsolidated affiliate	`AffiliateCosts`	-	USD	Annual
Equity in loss of unconsolidated affiliate	`AffiliateCosts`	$-39.27K	USD	Annual
Accounts receivable (increase/decrease)	`IncreaseDecreaseInAccountsReceivable`	$-39.51K	USD	Annual
Accounts receivable (increase/decrease)	`IncreaseDecreaseInAccountsReceivable`	$-165.61K	USD	Annual
Accounts receivable - Related party (increase/decrease)	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	Annual
Accounts receivable - Related party (increase/decrease)	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$35.17K	USD	Annual
Inventories (increase/decrease)	`IncreaseDecreaseInInventories`	$140.78K	USD	Annual
Inventories (increase/decrease)	`IncreaseDecreaseInInventories`	$-53.82K	USD	Annual
Other current assets (increase/decrease)	`IncreaseDecreaseInOtherCurrentAssets`	$-44.19K	USD	Annual
Other current assets (increase/decrease)	`IncreaseDecreaseInOtherCurrentAssets`	$31.56K	USD	Annual
Other current assets - Related party (increase/decrease)	`IncreaseDecreaseInOtherOperatingAssets`	$-29.38K	USD	Annual
Other current assets - Related party (increase/decrease)	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	Annual
Accounts payable (increase/decrease)	`IncreaseDecreaseInAccountsPayable`	$-159.86K	USD	Annual
Accounts payable (increase/decrease)	`IncreaseDecreaseInAccountsPayable`	$123.80K	USD	Annual
Other current liabilities (increase/decrease)	`IncreaseDecreaseInOtherCurrentLiabilities`	$6.73K	USD	Annual
Other current liabilities (increase/decrease)	`IncreaseDecreaseInOtherCurrentLiabilities`	$80.65K	USD	Annual
Other current liabilities - Related party (increase/decrease)	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	Annual
Other current liabilities - Related party (increase/decrease)	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.09K	USD	Annual
Deferred revenue (increase/decrease)	`IncreaseDecreaseInDeferredRevenue`	$66.13K	USD	Annual
Deferred revenue (increase/decrease)	`IncreaseDecreaseInDeferredRevenue`	-	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.15M	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.40M	USD	Annual
Purchase of equipment	`PaymentsToAcquireMachineryAndEquipment`	$-186.97K	USD	Annual
Purchase of equipment	`PaymentsToAcquireMachineryAndEquipment`	$-4.48K	USD	Annual
Acquisition of investment in unconsolidated affiliate	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	Annual
Acquisition of investment in unconsolidated affiliate	`BusinessCombinationAcquisitionRelatedCosts`	$-50.00K	USD	Annual
Net cash acquired from business acquisition	`CashAcquiredFromAcquisition`	-	USD	Annual
Net cash acquired from business acquisition	`CashAcquiredFromAcquisition`	$201.68K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.48K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.30K	USD	Annual
Proceeds from issuance of Loan - short term - Related party	`ProceedsFromIssuanceOfDebt`	$572.31K	USD	Annual
Proceeds from issuance of Loan - short term - Related party	`ProceedsFromIssuanceOfDebt`	-	USD	Annual
Repayment of loans - short term - Related party	`RepaymentsOfRelatedPartyDebt`	$-617.11K	USD	Annual
Repayment of loans - short term - Related party	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Proceeds from issuance of Loan - short term	`ProceedsFromLoans`	$200.00K	USD	Annual
Proceeds from issuance of Loan - short term	`ProceedsFromLoans`	$87.27K	USD	Annual
Repayment of loans - short term	`RepaymentsOfShortTermDebt`	$-55.00K	USD	Annual
Repayment of loans - short term	`RepaymentsOfShortTermDebt`	$-37.60K	USD	Annual
Payments on capital lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$-7.87K	USD	Annual
Payments on capital lease	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$801.00K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$860.04K	USD	Annual
Proceeds from issuance of exercise of options	`ProceedsFromStockOptionsExercised`	$1.50K	USD	Annual
Proceeds from issuance of exercise of options	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Proceeds from issuance of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$137.70K	USD	Annual
Proceeds from issuance of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$900.78K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.09M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.76M	USD	Annual
Effect of foreign exchange on cash	`GoodwillForeignCurrencyTranslationGainLoss`	$-17.99K	USD	Annual
Effect of foreign exchange on cash	`GoodwillForeignCurrencyTranslationGainLoss`	-	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-67.06K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$306.71K	USD	Annual
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$107.68K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$347.33K	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`	$347.33K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$40.61K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$2.65K	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	$800.00	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	$800.00	USD	Annual
Acquisition through issuance of common shares	`AcquisitionCosts`	$258.46K	USD	Annual
Acquisition through issuance of common shares	`AcquisitionCosts`	-	USD	Annual
Conversion of note payable to common stock	`InducedConversionOfConvertibleDebtExpense`	$606.00K	USD	Annual
Conversion of note payable to common stock	`InducedConversionOfConvertibleDebtExpense`	-	USD	Annual
Conversion of note payable to common stock - Related party	`PartnersCapitalAccountExchangesAndConversions`	$100.00K	USD	Annual
Conversion of note payable to common stock - Related party	`PartnersCapitalAccountExchangesAndConversions`	-	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`	34.72M	shares	Point-in-time
Treasury stock issued for cash, Value	`TreasuryStockValue`	$-69.11K	USD	Point-in-time
Treasury stock issued for cash, Value	`TreasuryStockValue`	-	USD	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	31.15M	shares	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	34.72M	shares	Point-in-time

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