10-K Filing

CIMG INC. CIK: 1527613 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001294606-15-000014`
Period End Date	20140930
Filing Date	20150212
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	nuze-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 19 Cash Flow Statement 44 Stockholders Equity 20

Balance Sheet 57 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Preferred stock; shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock; shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$5.21K	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
Common stock; shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock; shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Related party receivable	`DueFromRelatedPartiesCurrent`	$139.66K	USD	Point-in-time
Inventories	`InventoryNet`	$50.88K	USD	Point-in-time
Common stock; par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventories	`InventoryNet`	-	USD	Point-in-time
Common stock; par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$69.10K	USD	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	37.96M	shares	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	740,000.00	shares	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$16.90K	USD	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	30.60M	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
Total current assets	`AssetsCurrent`	$363.35K	USD	Point-in-time
Common stock; shares outstanding	`CommonStockSharesOutstanding`	30.60M	shares	Point-in-time
Less: treasury stock, at cost (2,736,000 shares repurchased, 0.03838 per share)	`TreasuryStockSharesAcquired`	2.74M	shares	Annual
Less: treasury stock, at cost (2,736,000 shares repurchased, 0.03838 per share)	`TreasuryStockSharesAcquired`	2.74M	shares	Annual
Equipment, net	`PropertyPlantAndEquipmentNet`	$8.66K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$33.37K	USD	Point-in-time
Less: treasury stock, at cost (2,736,000 shares repurchased, 0.03838 per share) (in Dollars per share)	`TreasuryStockAcquiredAverageCostPerShare`	$0.04	USD	Annual
Total Assets	`Assets`	$1.29M	USD	Point-in-time
Total Assets	`Assets`	$396.71K	USD	Point-in-time
Less: treasury stock, at cost (2,736,000 shares repurchased, 0.03838 per share) (in Dollars per share)	`TreasuryStockAcquiredAverageCostPerShare`	$0.04	USD	Annual
Accounts payable	`AccountsPayableCurrent`	$55.82K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$43.38K	USD	Point-in-time
Advances from Stockholders'	`AccountsPayableRelatedPartiesCurrent`	$50.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.18K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$9.56K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$115.39K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$51.56K	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 30,599,719 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; 30,599,719 and 37,957,790 shares issued and outstanding	`CommonStockValue`	$229.20K	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 30,599,719 and 37,957,790 shares issued and outstanding	`CommonStockValue`	$306.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.56M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$4.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$4.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$1.38M	USD	Point-in-time
Less: treasury stock, at cost (2,736,000 shares repurchased, 0.03838 per share)	`TreasuryStockValue`	$-105.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$62.35K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$345.15K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.17M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.29M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$396.71K	USD	Point-in-time

Income Statement 19 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$71.76K	USD	Annual
Revenues	`Revenues`	$122.23K	USD	Annual
Cost of revenues	`CostOfRevenue`	$59.01K	USD	Annual
Cost of revenues	`CostOfRevenue`	$155.25K	USD	Annual
Gross profit (loss)	`GrossProfit`	$-33.02K	USD	Annual
Gross profit (loss)	`GrossProfit`	$12.76K	USD	Annual
Operating expenses	`CostsAndExpenses`	$1.07M	USD	Annual
Operating expenses	`CostsAndExpenses`	$3.15M	USD	Annual
Loss from operations	`IncomeLossFromContinuingOperations`	$-3.13M	USD	Annual
Loss from operations	`IncomeLossFromContinuingOperations`	$-1.10M	USD	Annual
Other income	`OtherIncome`	$216.00	USD	Annual
Other income	`OtherIncome`	$770.00	USD	Annual
Other expenses	`OtherNoncashIncomeExpense`	$-2.51K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.10M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.14M	USD	Annual
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	Annual
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Basic and diluted weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.12M	shares	Annual
Basic and diluted weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.92M	shares	Annual

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.10M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.14M	USD	Annual
Depreciation	`DepreciationAndAmortization`	$587.00	USD	Annual
Depreciation	`DepreciationAndAmortization`	$3.25K	USD	Annual
Option expense	`InterestExpenseDebt`	$1.50M	USD	Annual
Warrant expense	`ShareBasedCompensation`	$33.27K	USD	Annual
Provision for obsolete inventory	`ProvisionForDoubtfulAccounts`	$61.48K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-13.20K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$7.99K	USD	Annual
Related Party Receivables	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-139.66K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$11.76K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-50.88K	USD	Annual
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.96K	USD	Annual
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-52.20K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.44K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-24.06K	USD	Annual
Other Current Liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.38K	USD	Annual
Other Current Liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.55K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.70M	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.20M	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.78K	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$27.95K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.95K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.78K	USD	Annual
Advances from Stockholders	`ProceedsFromNotesPayable`	$50.00K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.10M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$964.82K	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$105.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.15M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$859.82K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$945.18K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-872.50K	USD	Annual
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`	$238.16K	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`	$238.16K	USD	Point-in-time
Common Stock issued for conversions of advance from stockholder	`CommonStockIssuedForSettlementOfAdvanceFromStockholder`	$149.71K	USD	Annual
Forgiveness of related party receivable	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$139.66K	USD	Annual
Forgiveness of debt	`DebtInstrumentDecreaseForgiveness`	$-50.00K	USD	Annual
Forgiveness of debt	`DebtInstrumentDecreaseForgiveness`	$50.00K	USD	Point-in-time
Cancellation of common stocks	`CancellationOfCommonStocks`	$-89.66K	USD	Annual
Cancellation of common stocks	`CancellationOfCommonStocks`	$-42.82K	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$62.35K	USD	Point-in-time
Balance	`StockholdersEquity`	$345.15K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.17M	USD	Point-in-time
Common Stock repurchased	`PaymentsForRepurchaseOfCommonStock`	$-105.00K	USD	Annual
Fair Value of non-employee stock warrant	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$33.27K	USD	Annual
Fair Value of employee stock options	`StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan`	$1.50M	USD	Annual
Common Stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$2.10M	USD	Annual
Common Stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$964.82K	USD	Annual
Common Stock issued for cash (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	653,667.00	shares	Point-in-time
Common stock issued for debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$149.71K	USD	Annual
Common stock cancelled	`CancellationOfCommonStocks`	$-89.66K	USD	Annual
Common stock cancelled	`CancellationOfCommonStocks`	$-42.82K	USD	Annual
Common stock cancelled (in Shares)	`StockRepurchasedDuringPeriodShares`	2.74M	shares	Annual
Net loss	`NetIncomeLoss`	$-1.10M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.14M	USD	Annual
Balance	`StockholdersEquity`	$62.35K	USD	Point-in-time
Balance	`StockholdersEquity`	$345.15K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.17M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-1.10M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.14M	USD	Annual

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