10-Q Filing

CIMG INC. CIK: 1527613 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001294606-15-000115`
Period End Date	20150331
Filing Date	20150518
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	nuze-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 36 Cash Flow Statement 43

Balance Sheet 53 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	`Cash`	$282.49K	USD	Point-in-time
Cash	`Cash`	$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
Preferred stock; shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.10K	USD	Point-in-time
Preferred stock; shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$5.21K	USD	Point-in-time
Inventories	`InventoryNet`	$50.88K	USD	Point-in-time
Common stock; shares authorized,	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories	`InventoryNet`	$107.30K	USD	Point-in-time
Common stock; shares authorized,	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$114.65K	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
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$69.10K	USD	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	30.60M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$363.35K	USD	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	473,802.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$505.54K	USD	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	29.48M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$33.37K	USD	Point-in-time
Less: treasury stock	`TreasuryStockSharesAcquired`	2.02M	shares	2 Qtrs
Less: treasury stock	`TreasuryStockSharesAcquired`	2.74M	shares	Annual
Equipment, net	`PropertyPlantAndEquipmentNet`	$41.59K	USD	Point-in-time
Less: treasury stock, per share (in Dollars per share)	`TreasuryStockAcquiredAverageCostPerShare`	$0.04	USD	2 Qtrs
Total assets	`Assets`	$396.71K	USD	Point-in-time
Total assets	`Assets`	$547.13K	USD	Point-in-time
Less: treasury stock, per share (in Dollars per share)	`TreasuryStockAcquiredAverageCostPerShare`	$0.04	USD	Annual
Accounts payable	`AccountsPayableCurrent`	$20.46K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$43.38K	USD	Point-in-time
Convertible notes payable - Related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$600.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$7.13K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.18K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$627.59K	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; 29,479,719 and 30,599,719 shares issued	`CommonStockValue`	$331.66K	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 29,479,719 and 30,599,719 shares issued	`CommonStockValue`	$306.00	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 29,479,719 and 30,599,719 shares issued	`CommonStockValue`	$295.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.22M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$4.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.52M	USD	Point-in-time
Less: treasury stock, at cost (2,016,000 and 2,736,000 held in treasury, $0.03838 per share)	`TreasuryStockValue`	$77.37K	USD	Point-in-time
Less: treasury stock, at cost (2,016,000 and 2,736,000 held in treasury, $0.03838 per share)	`TreasuryStockValue`	$105.00K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$345.15K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-80.46K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$547.13K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$396.71K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$312.00	USD	2 Qtrs
Revenues	`Revenues`	$312.00	USD	1 Quarter
Revenues	`Revenues`	$15.59K	USD	1 Quarter
Revenues	`Revenues`	$56.60K	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$40.95K	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$188.00	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$5.44K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$188.00	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$15.65K	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$124.00	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$10.15K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$124.00	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$723.33K	USD	2 Qtrs
Operating expenses	`CostsAndExpenses`	$2.06M	USD	2 Qtrs
Operating expenses	`CostsAndExpenses`	$416.35K	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$656.13K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$-406.20K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$-2.06M	USD	2 Qtrs
Loss from operations	`IncomeLossFromContinuingOperations`	$-707.68K	USD	2 Qtrs
Loss from operations	`IncomeLossFromContinuingOperations`	$-656.01K	USD	1 Quarter
Other income	`OtherIncome`	$45.00	USD	1 Quarter
Other income	`OtherIncome`	$188.00	USD	2 Qtrs
Other expense	`OtherNoncashIncomeExpense`	$-425.00	USD	1 Quarter
Other expense	`OtherNoncashIncomeExpense`	$-1.23K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-708.91K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-406.63K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.06M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-655.97K	USD	1 Quarter
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`	$-0.07	USD	2 Qtrs
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	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`	27.93M	shares	2 Qtrs
Basic and diluted weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.76M	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.09M	shares	2 Qtrs

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-708.91K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-406.63K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.06M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-655.97K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.04K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$3.42K	USD	2 Qtrs
Option expense	`InterestExpenseDebt`	$24.33K	USD	2 Qtrs
Option expense	`InterestExpenseDebt`	$1.33M	USD	2 Qtrs
Warrant expense	`ShareBasedCompensation`	$15.77K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$4.11K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$12.89K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-49.57K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-56.42K	USD	2 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-30.00K	USD	2 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-45.55K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-22.93K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-26.39K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$42.08K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.05K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-782.59K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-787.23K	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.64K	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.93K	USD	2 Qtrs
net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.64K	USD	2 Qtrs
net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.93K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$27.20K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$470.20K	USD	2 Qtrs
Proceeds from issuance of convertible note payable	`ProceedsFromConvertibleDebt`	$600.00K	USD	2 Qtrs
Proceeds from issuance of treasury stock	`PaymentsForRepurchaseOfEquity`	$-216.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$470.20K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$843.20K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-314.32K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$44.33K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$796.34K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$282.49K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Cash, end 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`	$282.49K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Cancellation of common stocks	`CancellationOfCommonStocks`	$-12.00	USD	2 Qtrs
Cancellation of common stocks	`CancellationOfCommonStocks`	$-139.66K	USD	2 Qtrs

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