10-Q Filing

CIMG INC. CIK: 1527613 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001294606-14-000191`
Period End Date	20140630
Filing Date	20140819
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	nuze-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 36 Cash Flow Statement 41

Balance Sheet 49 line items

Line Item	Tag	Value	Unit	Period
Preferred stock; shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock; shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
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	`CashAndCashEquivalentsAtCarryingValue`	$165.48K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Preferred stock; shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$467.75K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$74.91K	USD	Point-in-time
Preferred stock; shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$13.20K	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`	$23.53K	USD	Point-in-time
Related Party Receivables	`DueFromRelatedPartiesCurrent`	$139.66K	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
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
Inventories	`IntangibleAssetsNetExcludingGoodwill`	$53.73K	USD	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	37.96M	shares	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	30.06M	shares	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$92.73K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$16.90K	USD	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`	30.06M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$637.75K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$8.66K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$10.52K	USD	Point-in-time
Total Assets	`Assets`	$1.29M	USD	Point-in-time
Total Assets	`Assets`	$648.26K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$97.56K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$55.82K	USD	Point-in-time
Advances from Stockholders'	`AccountsPayableRelatedPartiesCurrent`	$50.00K	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$9.56K	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$16.96K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$115.39K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$114.52K	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 30,055,357 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; 30,055,357 and 37,957,790 shares issued and outstanding	`CommonStockValue`	$301.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.56M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$4.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.06M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.38M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$533.75K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.17M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$648.26K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.29M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$59.16K	USD	1 Quarter
Revenues	`Revenues`	$105.42K	USD	3 Qtrs
Revenues	`Revenues`	$48.21K	USD	1 Quarter
Revenues	`Revenues`	$59.47K	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$77.96K	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$56.02K	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$55.83K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$44.90K	USD	1 Quarter
Gross profit	`GrossProfit`	$3.46K	USD	3 Qtrs
Gross profit	`GrossProfit`	$3.31K	USD	1 Quarter
Gross profit	`GrossProfit`	$27.45K	USD	3 Qtrs
Gross profit	`GrossProfit`	$3.33K	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$727.02K	USD	3 Qtrs
Operating expenses	`CostsAndExpenses`	$299.68K	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$2.68M	USD	3 Qtrs
Operating expenses	`CostsAndExpenses`	$618.61K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$-699.57K	USD	3 Qtrs
Loss from operations	`IncomeLossFromContinuingOperations`	$-615.27K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$-2.67M	USD	3 Qtrs
Loss from operations	`IncomeLossFromContinuingOperations`	$-296.38K	USD	1 Quarter
Other Income (Expense)	`OtherNoncashIncomeExpense`	$-2.49K	USD	1 Quarter
Other Income (Expense)	`OtherNoncashIncomeExpense`	$-800.00	USD	1 Quarter
Other Income (Expense)	`OtherNoncashIncomeExpense`	$-43.01K	USD	3 Qtrs
Other Income (Expense)	`OtherNoncashIncomeExpense`	$-2.30K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.68M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-742.58K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-297.18K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-617.76K	USD	1 Quarter
Loss per share, Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Loss per share, Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	3 Qtrs
Loss per share, Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Loss per share, Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average common shares outstanding, Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.01M	shares	3 Qtrs
Weighted average common shares outstanding, Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	36.28M	shares	1 Quarter
Weighted average common shares outstanding, Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.69M	shares	1 Quarter
Weighted average common shares outstanding, Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	33.83M	shares	3 Qtrs

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.68M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-742.58K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-297.18K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-617.76K	USD	1 Quarter
Depreciation expense	`DepreciationAndAmortization`	$2.39K	USD	3 Qtrs
Depreciation expense	`DepreciationAndAmortization`	$279.00	USD	3 Qtrs
Stock option expense	`InterestExpenseDebt`	$1.48M	USD	3 Qtrs
Warrant expense	`ShareBasedCompensation`	$7.50K	USD	3 Qtrs
Impairment of Intellectual Property	`ImpairmentOfLongLivedAssetsHeldForUse`	$42.82K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-21.45K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.33K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-53.73K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$7.90K	USD	3 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-75.84K	USD	3 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-11.42K	USD	3 Qtrs
Related party receivable	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-139.66K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$41.73K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-21.74K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$5.89K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$7.40K	USD	3 Qtrs
Net Cash Provided by(Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-879.96K	USD	3 Qtrs
Net Cash Provided by(Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.28M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.24K	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.24K	USD	3 Qtrs
Proceeds from sale of stock	`ProceedsFromIssuanceOfCommonStock`	$249.39K	USD	3 Qtrs
Proceeds from sale of stock	`ProceedsFromIssuanceOfCommonStock`	$638.20K	USD	3 Qtrs
Advances from stockholders	`ProceedsFromNotesPayable`	$540.00K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$638.20K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$789.39K	USD	3 Qtrs
Net change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-642.91K	USD	3 Qtrs
Net change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-90.57K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$165.48K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$467.75K	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`	$1.11M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$467.75K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$74.91K	USD	Point-in-time
Cancellation of common stock	`CancellationOfCommonStocks`	$-139.66K	USD	3 Qtrs
Common stock issued for settlement of advance from stockholder	`CommonStockIssuedForSettlementOfAdvanceFromStockholder`	$640.61K	USD	3 Qtrs

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