10-Q Filing

CIMG INC. CIK: 1527613 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001294606-15-000145`
Period End Date	20150630
Filing Date	20150814
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	nuze-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 37 Cash Flow Statement 44

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
Preferred stock; shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$202.32K	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 outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$29.84K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$5.21K	USD	Point-in-time
Preferred stock; shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$208.64K	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
Common stock; par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$69.10K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$166.62K	USD	Point-in-time
Common stock; par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	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`	100,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$607.43K	USD	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	29.67M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$114.22K	USD	Point-in-time
Less: treasury stock	`TreasuryStockSharesAcquired`	2.02M	shares	3 Qtrs
Less: treasury stock	`TreasuryStockSharesAcquired`	2.74M	shares	Annual
Equipment, net	`PropertyPlantAndEquipmentNet`	$33.37K	USD	Point-in-time
Total assets	`Assets`	$721.65K	USD	Point-in-time
Less: treasury stock, per share (in Dollars per share)	`TreasuryStockAcquiredAverageCostPerShare`	$0.04	USD	3 Qtrs
Less: treasury stock, 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`	$149.56K	USD	Point-in-time
Convertible notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$600.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$389.00	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.18K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$749.95K	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; 29,674,951 and 30,599,719 shares issued	`CommonStockValue`	$306.00	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 29,674,951 and 30,599,719 shares issued	`CommonStockValue`	$70.00K	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 29,674,951 and 30,599,719 shares issued	`CommonStockValue`	$297.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.64M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$4.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.59M	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 shares 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 shares held in treasury, $0.03838 per share)	`TreasuryStockValue`	$105.00K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-28.29K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$345.15K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$721.65K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$396.71K	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$29.81K	USD	1 Quarter
Revenues	`Revenues`	$59.16K	USD	1 Quarter
Revenues	`Revenues`	$59.47K	USD	3 Qtrs
Revenues	`Revenues`	$86.41K	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$55.83K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$63.96K	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$56.02K	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$23.00K	USD	1 Quarter
Gross Profit (loss)	`GrossProfit`	$3.46K	USD	3 Qtrs
Gross Profit (loss)	`GrossProfit`	$22.45K	USD	3 Qtrs
Gross Profit (loss)	`GrossProfit`	$6.81K	USD	1 Quarter
Gross Profit (loss)	`GrossProfit`	$3.33K	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$2.68M	USD	3 Qtrs
Operating expenses	`CostsAndExpenses`	$618.61K	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$369.96K	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$1.09M	USD	3 Qtrs
Loss from operations	`IncomeLossFromContinuingOperations`	$-2.67M	USD	3 Qtrs
Loss from operations	`IncomeLossFromContinuingOperations`	$-615.27K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$-1.07M	USD	3 Qtrs
Loss from operations	`IncomeLossFromContinuingOperations`	$-363.15K	USD	1 Quarter
Other income	`OtherIncome`	$191.00	USD	3 Qtrs
Other income	`OtherIncome`	$190.00	USD	1 Quarter
Other expense	`OtherNoncashIncomeExpense`	$-2.49K	USD	1 Quarter
Other expense	`OtherNoncashIncomeExpense`	$-1.23K	USD	3 Qtrs
Other expense	`OtherNoncashIncomeExpense`	$-2.30K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-362.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.68M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-617.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	3 Qtrs
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`	$-0.02	USD	1 Quarter
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	3 Qtrs
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	3 Qtrs
Basic and diluted weighted average number of common stock outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.77M	shares	1 Quarter
Basic and diluted weighted average number of common stock outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.88M	shares	3 Qtrs
Basic and diluted weighted average number of common stock outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.69M	shares	1 Quarter
Basic and diluted weighted average number of common stock outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.01M	shares	3 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-362.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.68M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-617.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$2.39K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$9.31K	USD	3 Qtrs
Option expense	`InterestExpenseDebt`	$1.48M	USD	3 Qtrs
Option expense	`InterestExpenseDebt`	$32.04K	USD	3 Qtrs
Warrant expense	`ShareBasedCompensation`	$20.53K	USD	3 Qtrs
Warrant expense	`ShareBasedCompensation`	$7.50K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$-10.33K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$-24.64K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-157.76K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-53.73K	USD	3 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-75.84K	USD	3 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-97.52K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$41.73K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$106.17K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$7.40K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-7.79K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.19M	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.28M	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$90.16K	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.24K	USD	3 Qtrs
net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.24K	USD	3 Qtrs
net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-90.16K	USD	3 Qtrs
Proceeds from issuance of convertible note payable	`ProceedsFromConvertibleDebt`	$600.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$638.20K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$429.86K	USD	3 Qtrs
Proceeds from issuance of treasury stock	`PaymentsForRepurchaseOfEquity`	$-216.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.25M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$638.20K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-35.84K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-642.91K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$467.75K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$202.32K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$467.75K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$202.32K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Cancellation of common stocks	`CancellationOfCommonStocks`	$139.66K	USD	3 Qtrs
Cancellation of common stocks	`CancellationOfCommonStocks`	$15.00	USD	3 Qtrs

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