10-Q Filing

CIMG INC. CIK: 1527613 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001294606-14-000022`
Period End Date	20131231
Filing Date	20140212
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	nuze-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 22 Cash Flow Statement 58

Balance Sheet 51 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.51K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$686.95K	USD	Point-in-time
Preferred stock, shares issued (in Shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$165.48K	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
Accounts Receivable	`AccountsReceivableNetCurrent`	$13.20K	USD	Point-in-time
Related Party Receivables	`DueFromRelatedPartiesCurrent`	$139.66K	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`	$0.00	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
Inventories	`IntangibleAssetsNetExcludingGoodwill`	$42.82K	USD	Point-in-time
Inventories	`IntangibleAssetsNetExcludingGoodwill`	$35.42K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$16.90K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$62.92K	USD	Point-in-time
Common stock, shares issued (in Shares)	`CommonStockSharesIssued`	37.96M	shares	Point-in-time
Common stock, shares issued (in Shares)	`CommonStockSharesIssued`	28.99M	shares	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	37.96M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$785.29K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.28M	USD	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	28.99M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$8.66K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$10.12K	USD	Point-in-time
Total Assets	`Assets`	$1.29M	USD	Point-in-time
Total Assets	`Assets`	$795.41K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$55.82K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$60.36K	USD	Point-in-time
Advances from Stockholders'	`AccountsPayableRelatedPartiesCurrent`	$50.00K	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$9.56K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$60.36K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$115.39K	USD	Point-in-time
Preferred stock; 100,000,000 shares authorized, $0.00001 par value; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; 100,000,000 shares authorized, $0.00001 par value; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 28,991,690 and 37,957,790 shares issued and outstanding	`CommonStockValue`	$380.00	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 28,991,690 and 37,957,790 shares issued and outstanding	`CommonStockValue`	$290.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.56M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.38M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.17M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$735.05K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.29M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$795.41K	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$122.23K	USD	9 Qtrs
Revenues	`Revenues`	$36.83K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$19.21K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$244.81K	USD	9 Qtrs
Gross profit (loss)	`GrossProfit`	$-122.57K	USD	9 Qtrs
Gross profit (loss)	`GrossProfit`	$17.62K	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$1.40M	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$198.08K	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$2.66M	USD	9 Qtrs
Loss from operations	`IncomeLossFromContinuingOperations`	$-1.40M	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$-180.46K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$-2.79M	USD	9 Qtrs
Other Income	`OtherNonoperatingIncomeExpense`	$608.00	USD	1 Quarter
Other Income	`OtherNonoperatingIncomeExpense`	$143.00	USD	1 Quarter
Other Income	`OtherNonoperatingIncomeExpense`	$913.00	USD	9 Qtrs
Net loss	`NetIncomeLoss`	$-1.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-179.85K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.79M	USD	9 Qtrs
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Basic and diluted weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.49M	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.14M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-179.85K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.79M	USD	9 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.05M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.05M	USD	9 Qtrs
Depreciation	`DepreciationAndAmortization`	$468.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$93.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.18K	USD	9 Qtrs
Provision for obsolete inventory	`ImpairmentOfLongLivedAssetsHeldForUse`	$141.90K	USD	9 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-178.00	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$13.20K	USD	1 Quarter
Related Party Receivables	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-139.66K	USD	9 Qtrs
Related Party Receivables	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-139.66K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-35.42K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$41.55K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-177.32K	USD	9 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-46.02K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-62.92K	USD	9 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-71.50K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$60.36K	USD	9 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-45.70K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.54K	USD	1 Quarter
Other Current Liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-9.56K	USD	1 Quarter
Other Current Liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-7.01K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-421.79K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-402.27K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.91M	USD	9 Qtrs
Purchase of furniture and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.93K	USD	1 Quarter
Purchase of furniture and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.30K	USD	9 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.30K	USD	9 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.93K	USD	1 Quarter
Advances from Stockholders	`ProceedsFromNotesPayable`	$199.71K	USD	9 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.41M	USD	9 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$250.29K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$250.29K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.61M	USD	9 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-151.98K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-423.71K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$686.95K	USD	9 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.51K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$686.95K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$165.48K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.51K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$686.95K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$165.48K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	9 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	9 Qtrs
Common Stock issued for conversions of advance from stockholder	`CommonStockIssuedForSettlementOfAdvanceFromStockholder`	$149.71K	USD	9 Qtrs
Common Stock issued for conversions of advance from stockholder	`CommonStockIssuedForSettlementOfAdvanceFromStockholder`	$149.71K	USD	1 Quarter
Common Stock issued in exchange for acquisition of intellectual property	`StockIssuedDuringPeriodValueAcquisitions`	$42.82K	USD	9 Qtrs
Cancellation of common stocks	`CommonStockCancelation`	$-182.48K	USD	9 Qtrs
Cancellation of common stocks	`CommonStockCancelation`	$-139.66K	USD	1 Quarter

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