10-Q Filing

CIMG INC. CIK: 1527613 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001294606-15-000027`
Period End Date	20141231
Filing Date	20150223
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	nuze-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 15 Cash Flow Statement 37

Balance Sheet 54 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`	$686.95K	USD	Point-in-time
Preferred stock; shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$139.20K	USD	Point-in-time
Preferred stock; shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Accounts receivable	`DueFromRelatedPartiesCurrent`	$4.88K	USD	Point-in-time
Preferred stock; shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`DueFromRelatedPartiesCurrent`	$5.21K	USD	Point-in-time
Preferred stock; shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$83.96K	USD	Point-in-time
Common stock; shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories	`InventoryNet`	$50.88K	USD	Point-in-time
Common stock; shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$44.63K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$69.10K	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`	-	USD	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	30.62M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$272.68K	USD	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	140,000.00	shares	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	30.60M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$363.35K	USD	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	1 Quarter
Equipment, net	`PropertyPlantAndEquipmentNet`	$31.75K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$33.37K	USD	Point-in-time
Total assets	`Assets`	$304.43K	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	1 Quarter
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`	$396.71K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$43.38K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$38.38K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.18K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.85K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$47.23K	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; 30,619,719 and 30,599,719 shares issued;	`CommonStockValue`	$306.00	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 30,619,719 and 30,599,719 shares issued;	`CommonStockValue`	$306.00	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 30,619,719 and 30,599,719 shares issued;	`CommonStockValue`	$42.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.16M	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`	$-4.82M	USD	Point-in-time
Less: treasury stock, at cost (2,156,000 and 2,736,000 shares repurchased, $0.03838 per share)	`TreasuryStockValue`	$82.74K	USD	Point-in-time
Less: treasury stock, at cost (2,156,000 and 2,736,000 shares repurchased, $0.03838 per share)	`TreasuryStockValue`	$105.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$257.19K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$345.15K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$304.43K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$396.71K	USD	Point-in-time

Income Statement 15 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$41.02K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$35.52K	USD	1 Quarter
Gross Profit (loss)	`GrossProfit`	$5.50K	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$1.40M	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$306.98K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$-301.48K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$-1.40M	USD	1 Quarter
Other income	`OtherIncome`	$143.00	USD	1 Quarter
Other expense	`OtherNoncashIncomeExpense`	$-800.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-302.28K	USD	1 Quarter
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 stock outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.14M	shares	1 Quarter
Basic and diluted weighted average number of common stock outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.10M	shares	1 Quarter

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-302.28K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.62K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$468.00	USD	1 Quarter
Option expense	`InterestExpenseDebt`	$17.99K	USD	1 Quarter
Option expense	`InterestExpenseDebt`	$1.05M	USD	1 Quarter
Warrant expense	`ShareBasedCompensation`	$9.13K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$321.00	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$13.20K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-35.42K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-33.08K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$24.47K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-46.02K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.54K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.00K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$672.00	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-9.56K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-421.79K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-286.16K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.93K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.93K	USD	1 Quarter
Proceeds from insuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$13.20K	USD	1 Quarter
Proceeds from insuance of treasury stock	`PaymentsForRepurchaseOfEquity`	$-174.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$187.20K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-98.96K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-423.71K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$686.95K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$139.20K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$686.95K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$139.20K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Forgiveness of related party receivable	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$139.66K	USD	1 Quarter
Forgiveness of debt	`DebtInstrumentDecreaseForgiveness`	$-50.00K	USD	1 Quarter
Cancellation of common stocks	`CancellationOfCommonStocks`	$-89.66K	USD	1 Quarter

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