10-Q Filing

CIMG INC. CIK: 1527613 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001294606-13-000206`
Period End Date	20130630
Filing Date	20130814
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	nuze-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 40 Cash Flow Statement 60 Stockholders Equity 9

Balance Sheet 55 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
Preferred stock, shares authorized (in Shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized (in Shares)	`PreferredStockSharesAuthorized`	100.00M	shares	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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$165.48K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$197.03K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$74.91K	USD	Point-in-time
Preferred stock, shares outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$21.45K	USD	Point-in-time
Preferred stock, shares outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	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
Related party receivable	`DueFromRelatedPartiesCurrent`	$139.66K	USD	Point-in-time
Inventories	`InventoryNet`	$73.24K	USD	Point-in-time
Inventories	`InventoryNet`	$65.34K	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
Common stock, shares issued (in Shares)	`CommonStockSharesIssued`	38.16M	shares	Point-in-time
Common stock, shares issued (in Shares)	`CommonStockSharesIssued`	30.40M	shares	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$26.36K	USD	Point-in-time
Common stock, shares issued (in Shares)	`CommonStockSharesIssued`	2.84M	shares	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$14.94K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$327.72K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$253.66K	USD	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	30.40M	shares	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	38.16M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$2.48K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$2.20K	USD	Point-in-time
Intellectual property	`IntangibleAssetsNetExcludingGoodwill`	$42.82K	USD	Point-in-time
Intellectual property	`IntangibleAssetsNetExcludingGoodwill`	$42.82K	USD	Point-in-time
Total Assets	`Assets`	$329.92K	USD	Point-in-time
Total Assets	`Assets`	$298.96K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$79.89K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.15K	USD	Point-in-time
Due to Shareholders	`AccountsPayableRelatedPartiesCurrent`	$149.71K	USD	Point-in-time
Due to Shareholders	`AccountsPayableRelatedPartiesCurrent`	$50.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$7.01K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$12.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$120.15K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$236.61K	USD	Point-in-time
Preferred stock; 100,000,000 shares authorized, $0.00001 par value; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; 100,000,000 shares authorized, $0.00001 par value; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 38,159,998 and 30,400,000 shares issued and outstanding as of June 30, 2013 and September 30, 2012, respectively	`CommonStockValue`	$382.00	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 38,159,998 and 30,400,000 shares issued and outstanding as of June 30, 2013 and September 30, 2012, respectively	`CommonStockValue`	$304.00	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 38,159,998 and 30,400,000 shares issued and outstanding as of June 30, 2013 and September 30, 2012, respectively	`CommonStockValue`	$1.36M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.24M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$347.10K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-285.06K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.03M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$62.35K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$209.77K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$329.92K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$298.96K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$48.21K	USD	1 Quarter
Revenues	`Revenues`	$105.42K	USD	3 Qtrs
Revenues	`Revenues`	$105.42K	USD	7 Qtrs
Cost of revenues	`CostOfRevenue`	$77.96K	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$167.51K	USD	7 Qtrs
Cost of revenues	`CostOfRevenue`	$2.93K	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$2.09K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$44.90K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-2.93K	USD	3 Qtrs
Gross profit (loss)	`GrossProfit`	$3.31K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$27.45K	USD	3 Qtrs
Gross profit (loss)	`GrossProfit`	$-2.09K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-62.10K	USD	7 Qtrs
Operating expenses	`CostsAndExpenses`	$53.42K	USD	3 Qtrs
Operating expenses	`CostsAndExpenses`	$299.68K	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$922.53K	USD	7 Qtrs
Operating expenses	`CostsAndExpenses`	$727.02K	USD	3 Qtrs
Operating expenses	`CostsAndExpenses`	$44.04K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$-296.38K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$-46.13K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$-984.62K	USD	7 Qtrs
Loss from operations	`IncomeLossFromContinuingOperations`	$-56.35K	USD	3 Qtrs
Loss from operations	`IncomeLossFromContinuingOperations`	$-699.57K	USD	3 Qtrs
Other (expense)	`OtherNonoperatingIncomeExpense`	$-43.01K	USD	3 Qtrs
Other (expense)	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other (expense)	`OtherNonoperatingIncomeExpense`	$-800.00	USD	1 Quarter
Other (expense)	`OtherNonoperatingIncomeExpense`	$-43.01K	USD	7 Qtrs
Net loss	`NetIncomeLoss`	$-1.03M	USD	7 Qtrs
Net loss	`NetIncomeLoss`	$-297.18K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-56.35K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-742.58K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-46.13K	USD	1 Quarter
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 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`	$-0.01	USD	1 Quarter
Basic and diluted weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.40M	shares	3 Qtrs
Basic and diluted weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	36.28M	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	33.83M	shares	3 Qtrs
Basic and diluted weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.40M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.03M	USD	7 Qtrs
Net loss	`NetIncomeLoss`	$-297.18K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-56.35K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-742.58K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-46.13K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$279.00	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$31.00	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$403.00	USD	7 Qtrs
Provision for obsolete inventory	`ProvisionForDoubtfulAccounts`	$80.42K	USD	7 Qtrs
Impairment of Intellectual Property	`ImpairmentOfLongLivedAssetsHeldForUse`	$42.82K	USD	7 Qtrs
Impairment of Intellectual Property	`ImpairmentOfLongLivedAssetsHeldForUse`	$42.82K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-21.45K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-21.45K	USD	7 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-145.77K	USD	7 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.90K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-5.49K	USD	3 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.13K	USD	3 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-11.42K	USD	3 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-26.36K	USD	7 Qtrs
Related party receivables	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-139.66K	USD	7 Qtrs
Related party receivables	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-139.66K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$58.15K	USD	7 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-21.74K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$541.00	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$12.90K	USD	7 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$5.89K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-66.39K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-879.96K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.17M	USD	7 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.60K	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.60K	USD	7 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.60K	USD	7 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.60K	USD	3 Qtrs
Advances from stockholders	`ProceedsFromNotesPayable`	$689.71K	USD	7 Qtrs
Advances from stockholders	`ProceedsFromNotesPayable`	$540.00K	USD	3 Qtrs
Advances from stockholders	`ProceedsFromNotesPayable`	$266.02K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$249.39K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$553.98K	USD	7 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$789.39K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$266.02K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.24M	USD	7 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-90.57K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$74.91K	USD	7 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$197.03K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$165.48K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$197.03K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.91K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$165.48K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$197.03K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$74.91K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	7 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	7 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Common Stock issued for settlement of advance from stockholder	`CommonStockIssuedForSettlementOfAdvanceFromStockholder`	$640.61K	USD	3 Qtrs
Common Stock issued for settlement of advance from stockholder	`CommonStockIssuedForSettlementOfAdvanceFromStockholder`	$640.61K	USD	7 Qtrs
Common Stock issued in exchange for acquisition of intellectual property	`StockIssuedDuringPeriodValueAcquisitions`	$42.82K	USD	Annual
Common Stock issued in exchange for acquisition of intellectual property	`StockIssuedDuringPeriodValueAcquisitions`	$42.82K	USD	7 Qtrs

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Balance,	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$62.35K	USD	Point-in-time
Balance,	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$209.77K	USD	Point-in-time
Common Stock issued for debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$150.61K	USD	3 Qtrs
Common Stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$249.39K	USD	3 Qtrs
Common Stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$304.59K	USD	Annual
Net Loss	`OtherComprehensiveIncomeOtherNetOfTax`	$-742.58K	USD	3 Qtrs
Net Loss	`OtherComprehensiveIncomeOtherNetOfTax`	$-285.06K	USD	Annual
Balance,	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$62.35K	USD	Point-in-time
Balance,	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$209.77K	USD	Point-in-time

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