10-Q Filing

CIMG INC. CIK: 1527613 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001127855-18-000062`
Period End Date	20171231
Filing Date	20180406
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	nuze-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 28 Cash Flow Statement 74

Balance Sheet 84 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`	$347.33K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$162.74K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$40.61K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$292.45K	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`	$85.10K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$143.89K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	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`	$6.18K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Subscription receivable	`StockholdersEquityNoteSubscriptionsReceivable`	-	USD	Point-in-time
Subscription receivable	`StockholdersEquityNoteSubscriptionsReceivable`	$153.00K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$299.86K	USD	Point-in-time
Inventories, net	`InventoryNet`	$266.62K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	36.02M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	34.72M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$190.29K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	34.72M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$102.93K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	36.02M	shares	Point-in-time
Other current assets - Related party	`OtherAssetsMiscellaneousCurrent`	$29.38K	USD	Point-in-time
Other current assets - Related party	`OtherAssetsMiscellaneousCurrent`	$26.35K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$902.52K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.05M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$277.99K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$260.92K	USD	Point-in-time
Goodwill	`Goodwill`	$17.11K	USD	Point-in-time
Goodwill	`Goodwill`	$17.11K	USD	Point-in-time
Customer List, net	`FiniteLivedCustomerListsGross`	$43.03K	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`	$10.17K	USD	Point-in-time
Total other assets	`OtherAssets`	$73.74K	USD	Point-in-time
Total other assets	`OtherAssets`	$70.31K	USD	Point-in-time
Total assets	`Assets`	$1.38M	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`	$205.84K	USD	Point-in-time
Loan payable - short term - Related party	`LoansPayableCurrent`	$200.00	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`	$33.48K	USD	Point-in-time
Current portion of long-term loan payable	`LongTermDebtCurrent`	$44.68K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$126.69K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$80.29K	USD	Point-in-time
Other current liabilities - Related party	`OtherSundryLiabilitiesCurrent`	$1.09K	USD	Point-in-time
Other current liabilities - Related party	`OtherSundryLiabilitiesCurrent`	$2.96K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$72.75K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$6.22K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$350.38K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$328.99K	USD	Point-in-time
Loan payable - long term, net of current portion	`LongTermDebtNoncurrent`	$133.64K	USD	Point-in-time
Loan payable - long term, net of current portion	`LongTermDebtNoncurrent`	$133.50K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$9.61K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$9.60K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$143.10K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$143.25K	USD	Point-in-time
Total liabilities	`Liabilities`	$472.09K	USD	Point-in-time
Total liabilities	`Liabilities`	$493.63K	USD	Point-in-time
Common stock	`CommonStockValue`	$347.00	USD	Point-in-time
Common stock	`CommonStockValue`	$360.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.72M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$10.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.03M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.88K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.68K	USD	Point-in-time
Total shareholders' equity	`ShareholdersEquityFairValueDisclosure`	$667.76K	USD	Point-in-time
Total shareholders' equity	`ShareholdersEquityFairValueDisclosure`	$825.66K	USD	Point-in-time
Noncontrolling interest	`RedeemableNoncontrollingInterestEquityFairValue`	$92.86K	USD	Point-in-time
Noncontrolling interest	`RedeemableNoncontrollingInterestEquityFairValue`	$86.71K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$912.37K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$760.62K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.38M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.25M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$577.51K	USD	1 Quarter
Revenues	`Revenues`	$356.88K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$416.87K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$239.01K	USD	1 Quarter
Gross Profit	`GrossProfit`	$160.64K	USD	1 Quarter
Gross Profit	`GrossProfit`	$117.87K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$508.33K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$760.65K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-642.78K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-347.69K	USD	1 Quarter
Other income	`OtherIncome`	$507.00	USD	1 Quarter
Other income	`OtherIncome`	$17.85K	USD	1 Quarter
Equity in loss of unconsolidated affiliate	`AffiliateCosts`	$-15.17K	USD	1 Quarter
Equity in loss of unconsolidated affiliate	`AffiliateCosts`	$-566.00	USD	1 Quarter
Other expense	`OtherExpenses`	$1.08K	USD	1 Quarter
Other expense	`OtherExpenses`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$-2.43K	USD	1 Quarter
Interest expense	`InterestExpense`	$-713.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-346.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-643.56K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.42K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.06K	USD	1 Quarter
Net loss attributable to shareholders	`NetIncomeLossAttributableToParentDiluted`	$-637.50K	USD	1 Quarter
Net loss attributable to shareholders	`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`	$-0.02	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`	34.91M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-346.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-643.56K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$18.65K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$23.54K	USD	1 Quarter
Option expense	`StockOptionPlanExpense`	$1.90K	USD	1 Quarter
Option expense	`StockOptionPlanExpense`	$133.49K	USD	1 Quarter
Interest Expense	`InterestAndDebtExpense`	-	USD	1 Quarter
Interest Expense	`InterestAndDebtExpense`	$1.85K	USD	1 Quarter
Inventory impairment	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Inventory impairment	`TangibleAssetImpairmentCharges`	$4.11K	USD	1 Quarter
Equity in loss of unconsolidated affiliate	`AffiliateCosts`	$-15.17K	USD	1 Quarter
Equity in loss of unconsolidated affiliate	`AffiliateCosts`	$-566.00	USD	1 Quarter
Accounts receivable (increase/decrease)	`IncreaseDecreaseInAccountsReceivable`	$58.66K	USD	1 Quarter
Accounts receivable (increase/decrease)	`IncreaseDecreaseInAccountsReceivable`	$-82.69K	USD	1 Quarter
Accounts receivable - Related party (increase/decrease)	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$6.18K	USD	1 Quarter
Accounts receivable - Related party (increase/decrease)	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	1 Quarter
Inventories (increase/decrease)	`IncreaseDecreaseInInventories`	$-33.36K	USD	1 Quarter
Inventories (increase/decrease)	`IncreaseDecreaseInInventories`	$24.87K	USD	1 Quarter
Other current assets (increase/decrease)	`IncreaseDecreaseInOtherCurrentAssets`	$67.91K	USD	1 Quarter
Other current assets (increase/decrease)	`IncreaseDecreaseInOtherCurrentAssets`	$-87.41K	USD	1 Quarter
Other current assets - Related party (increase/decrease)	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	1 Quarter
Other current assets - Related party (increase/decrease)	`IncreaseDecreaseInOtherOperatingAssets`	$4.00K	USD	1 Quarter
Accounts payable (increase/decrease)	`IncreaseDecreaseInAccountsPayable`	$-77.16K	USD	1 Quarter
Accounts payable (increase/decrease)	`IncreaseDecreaseInAccountsPayable`	$100.89K	USD	1 Quarter
Other current liabilities (increase/decrease)	`IncreaseDecreaseInOtherCurrentLiabilities`	$19.64K	USD	1 Quarter
Other current liabilities (increase/decrease)	`IncreaseDecreaseInOtherCurrentLiabilities`	$-10.94K	USD	1 Quarter
Other current liabilities - Related party (increase/decrease)	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.87K	USD	1 Quarter
Other current liabilities - Related party (increase/decrease)	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	1 Quarter
Deferred revenue (increase/decrease)	`IncreaseDecreaseInDeferredRevenue`	$-66.53K	USD	1 Quarter
Deferred revenue (increase/decrease)	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-512.59K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-352.13K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquireMachineryAndEquipment`	$-135.73K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquireMachineryAndEquipment`	$-38.15K	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`	$201.68K	USD	1 Quarter
Net cash acquired from business acquisition	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.15K	USD	1 Quarter
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$15.95K	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`	$156.00K	USD	1 Quarter
Repayment of loans - short term - Related party	`RepaymentsOfRelatedPartyDebt`	$-157.00K	USD	1 Quarter
Repayment of loans - short term - Related party	`RepaymentsOfRelatedPartyDebt`	$-34.67K	USD	1 Quarter
Repayment of loans - short term	`RepaymentsOfShortTermDebt`	$-11.14K	USD	1 Quarter
Repayment of loans - short term	`RepaymentsOfShortTermDebt`	$-6.44K	USD	1 Quarter
Payments on capital lease	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	1 Quarter
Payments on capital lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$-864.00	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$509.11K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$535.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$496.11K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$512.28K	USD	1 Quarter
Effect of foreign exchange on cash and cash equivalents	`ForeignCurrencyTransactionGainLossBeforeTax`	$-53.97K	USD	1 Quarter
Effect of foreign exchange on cash and cash equivalents	`ForeignCurrencyTransactionGainLossBeforeTax`	$-250.00	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-54.87K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$122.13K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$347.33K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$162.74K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$40.61K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$292.45K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$347.33K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$162.74K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$40.61K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$292.45K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$584.00	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$543.00	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	$800.00	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Acquisition through issuance of common shares	`AcquisitionCosts`	-	USD	1 Quarter
Acquisition through issuance of common shares	`AcquisitionCosts`	$258.46K	USD	1 Quarter
Software purchased with installment agreement	`PaymentsToAcquireSoftware`	-	USD	1 Quarter
Software purchased with installment agreement	`PaymentsToAcquireSoftware`	$14.81K	USD	1 Quarter
Subscription receivable from issuance of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$153.00K	USD	1 Quarter
Subscription receivable from issuance of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter

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