10-Q Filing

CIMG INC. CIK: 1527613 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001294606-13-000044`
Period End Date	20130131
Filing Date	20130308
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	hvfi-20130131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 36 Cash Flow Statement 36

Balance Sheet 41 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$105.00	USD	Point-in-time
Preferred stock, shares authorized (in Shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.76K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.94K	USD	Point-in-time
Preferred stock, shares authorized (in Shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Subscription receivable	`AccountsReceivableNetCurrent`	$33.00K	USD	Point-in-time
Preferred stock, shares issued (in Shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in Shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
TOTAL CURRENT ASSETS	`Assets`	$2.76K	USD	Point-in-time
Preferred stock, shares outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
TOTAL CURRENT ASSETS	`Assets`	$33.10K	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts payable	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.70K	USD	Point-in-time
Common stock, shares issued (in Shares)	`CommonStockSharesIssued`	6.20M	shares	Point-in-time
Common stock, shares issued (in Shares)	`CommonStockSharesIssued`	6.20M	shares	Point-in-time
Accounts payable	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.12K	USD	Point-in-time
Related party loans	`AccountsPayableRelatedPartiesCurrent`	$22.02K	USD	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	6.20M	shares	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	6.20M	shares	Point-in-time
Related party loans	`AccountsPayableRelatedPartiesCurrent`	$11.99K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`Liabilities`	$21.11K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`Liabilities`	$24.71K	USD	Point-in-time
Preferred stock, 100,000,000 shares authorized, $0.00001 par value; 0 issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, 100,000,000 shares authorized, $0.00001 par value; 0 issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, 100,000,000 shares authorized, $0.00001 par value; 6,200,000 issued and outstanding as of January 31, 2013 and July 31, 2012, respectively	`CommonStockValue`	$62.00	USD	Point-in-time
Common stock, 100,000,000 shares authorized, $0.00001 par value; 6,200,000 issued and outstanding as of January 31, 2013 and July 31, 2012, respectively	`CommonStockValue`	$62.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$47.94K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$47.94K	USD	Point-in-time
Deficit accumulated during development stage	`RetainedEarningsAccumulatedDeficit`	$-36.01K	USD	Point-in-time
Deficit accumulated during development stage	`RetainedEarningsAccumulatedDeficit`	$-69.96K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$11.99K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-21.96K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$33.10K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$2.76K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ProfessionalFees`	$3.88K	USD	1 Quarter
Consulting fees	`ProfessionalFees`	$4.50K	USD	1 Quarter
Consulting fees	`ProfessionalFees`	$6.88K	USD	2 Qtrs
Consulting fees	`ProfessionalFees`	$9.92K	USD	2 Qtrs
Consulting fees	`ProfessionalFees`	$31.75K	USD	6 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$17.00	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$234.00	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.35K	USD	6 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.06K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.20K	USD	2 Qtrs
Investor relations	`InvestorRelations`	$13.00K	USD	6 Qtrs
Investor relations	`InvestorRelations`	$13.00K	USD	2 Qtrs
Investor relations	`InvestorRelations`	-	USD	1 Quarter
Legal and accounting fees	`LegalAndAccountingFees`	$1.87K	USD	2 Qtrs
Legal and accounting fees	`LegalAndAccountingFees`	$1.87K	USD	1 Quarter
Legal and accounting fees	`LegalAndAccountingFees`	$8.40K	USD	1 Quarter
Legal and accounting fees	`LegalAndAccountingFees`	$8.97K	USD	2 Qtrs
Legal and accounting fees	`LegalAndAccountingFees`	$21.86K	USD	6 Qtrs
Total expenses	`CostsAndExpenses`	$69.96K	USD	6 Qtrs
Total expenses	`CostsAndExpenses`	$5.76K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$33.95K	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$10.94K	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$13.13K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-33.95K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-69.96K	USD	6 Qtrs
Net Loss	`NetIncomeLoss`	$-13.13K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-5.76K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-10.94K	USD	2 Qtrs
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.20M	shares	2 Qtrs
Basic and diluted weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.00M	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.00M	shares	2 Qtrs
Basic and diluted weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.20M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-33.95K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-69.96K	USD	6 Qtrs
Net loss	`NetIncomeLoss`	$-13.13K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.94K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.70K	USD	6 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.42K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-130.00	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-40.37K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-67.26K	USD	6 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.07K	USD	2 Qtrs
Proceeds from sale of stock	`ProceedsFromIssuanceOrSaleOfEquity`	$33.00K	USD	2 Qtrs
Proceeds from sale of stock	`ProceedsFromIssuanceOrSaleOfEquity`	$48.00K	USD	6 Qtrs
Advances from related party	`ProceedsFromRelatedPartyDebt`	$10.03K	USD	2 Qtrs
Advances from related party	`ProceedsFromRelatedPartyDebt`	$5.01K	USD	2 Qtrs
Advances from related party	`ProceedsFromRelatedPartyDebt`	$22.02K	USD	6 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$70.02K	USD	6 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.01K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$43.02K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.06K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.76K	USD	6 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.65K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.00K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$105.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.76K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.94K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.00K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$105.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.76K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.94K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	6 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	6 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs

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