10-Q Filing

CIMG INC. CIK: 1527613 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001294606-14-000100`
Period End Date	20140331
Filing Date	20140515
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	nuze-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 43 Cash Flow Statement 68

Balance Sheet 52 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	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$796.34K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$165.48K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$410.26K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	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	`AccountsReceivableNetCurrent`	$13.20K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$306.00	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	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, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories	`IntangibleAssetsNetExcludingGoodwill`	$49.57K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$16.90K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.96M	shares	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$46.89K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.61M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.28M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.96M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.61M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$893.11K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$8.66K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$9.55K	USD	Point-in-time
Total Assets	`Assets`	$902.65K	USD	Point-in-time
Total Assets	`Assets`	$1.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.43K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$55.82K	USD	Point-in-time
Advances from Stockholders'	`AccountsPayableRelatedPartiesCurrent`	$50.00K	USD	Point-in-time
Other Payable	`AccountsPayableOtherCurrent`	$102.00K	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$9.56K	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$51.64K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$115.39K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$183.07K	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; 29,605,357 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; 29,605,357 and 37,957,790 shares issued and outstanding	`CommonStockValue`	$296.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.56M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$4.16M	USD	Point-in-time
Deficit accumulated during the development stage	`RetainedEarningsAccumulatedDeficit`	$-3.44M	USD	Point-in-time
Deficit accumulated during the development stage	`RetainedEarningsAccumulatedDeficit`	$-1.38M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.17M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$719.58K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$902.65K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.29M	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$312.00	USD	1 Quarter
Revenues	`Revenues`	$57.21K	USD	2 Qtrs
Revenues	`Revenues`	$312.00	USD	2 Qtrs
Revenues	`Revenues`	$122.54K	USD	10 Qtrs
Revenues	`Revenues`	$20.39K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$13.86K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$188.00	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$188.00	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$33.06K	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$244.99K	USD	10 Qtrs
Gross profit (loss)	`GrossProfit`	$6.53K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$124.00	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$24.15K	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$-122.45K	USD	10 Qtrs
Gross profit (loss)	`GrossProfit`	$124.00	USD	2 Qtrs
Operating expenses	`CostsAndExpenses`	$427.34K	USD	2 Qtrs
Operating expenses	`CostsAndExpenses`	$3.32M	USD	10 Qtrs
Operating expenses	`CostsAndExpenses`	$656.13K	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$2.06M	USD	2 Qtrs
Operating expenses	`CostsAndExpenses`	$229.26K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$-222.73K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$-3.44M	USD	10 Qtrs
Loss from operations	`IncomeLossFromContinuingOperations`	$-2.06M	USD	2 Qtrs
Loss from operations	`IncomeLossFromContinuingOperations`	$-656.01K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$-403.19K	USD	2 Qtrs
Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$188.00	USD	2 Qtrs
Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-42.21K	USD	2 Qtrs
Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-42.82K	USD	1 Quarter
Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$958.00	USD	10 Qtrs
Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$45.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.06M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-655.97K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-265.55K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-445.40K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.44M	USD	10 Qtrs
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	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`	$-0.02	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`	33.73M	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.01M	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.09M	shares	2 Qtrs
Basic and diluted weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	32.60M	shares	2 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.06M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-655.97K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-265.55K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-445.40K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.44M	USD	10 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.33M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.33M	USD	10 Qtrs
Depreciation	`DepreciationAndAmortization`	$186.00	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$1.04K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$1.75K	USD	10 Qtrs
Provision for obsolete inventory	`ImpairmentOfLongLivedAssetsHeldForUse`	$141.90K	USD	10 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-306.00	USD	10 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$12.89K	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-502.00	USD	2 Qtrs
Related Party Receivables	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-139.66K	USD	2 Qtrs
Related Party Receivables	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-139.66K	USD	10 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-191.47K	USD	10 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$64.82K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-49.57K	USD	2 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.92K	USD	2 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-30.00K	USD	2 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-46.89K	USD	10 Qtrs
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$42.82K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-55.84K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-26.39K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$29.43K	USD	10 Qtrs
Other Current Liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$51.64K	USD	10 Qtrs
Other Current Liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-6.11K	USD	2 Qtrs
Other Current Liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$42.08K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-782.59K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.27M	USD	10 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-544.61K	USD	2 Qtrs
Purchase of furniture and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.30K	USD	10 Qtrs
Purchase of furniture and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.93K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.30K	USD	10 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.93K	USD	2 Qtrs
Advances from Stockholders	`ProceedsFromNotesPayable`	$199.71K	USD	10 Qtrs
Advances from Stockholders	`ProceedsFromNotesPayable`	$540.00K	USD	2 Qtrs
Proceeds from pending issuance of common stock	`ProceedsFromPendingIssuanceOfCommonStock`	$102.00K	USD	2 Qtrs
Proceeds from pending issuance of common stock	`ProceedsFromPendingIssuanceOfCommonStock`	$102.00K	USD	10 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$368.20K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$249.39K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.78M	USD	10 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$789.39K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$470.20K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.08M	USD	10 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-314.32K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$796.34K	USD	10 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$244.78K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$796.34K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$165.48K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$410.26K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$796.34K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$165.48K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$410.26K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	10 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	10 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Common Stock issued for conversions of advance from stockholder	`CommonStockIssuedForSettlementOfAdvanceFromStockholder`	$149.71K	USD	10 Qtrs
Common Stock issued for conversions of advance from stockholder	`CommonStockIssuedForSettlementOfAdvanceFromStockholder`	$150.61K	USD	2 Qtrs
Common Stock issued in exchange for acquisition of intellectual property	`CommonStockCancelation`	$42.82K	USD	10 Qtrs
Cancellation of common stocks	`CancellationOfCommonStocks`	$-139.66K	USD	2 Qtrs
Cancellation of common stocks	`CancellationOfCommonStocks`	$-182.48K	USD	10 Qtrs

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