10-K Filing

CIMG INC. CIK: 1527613 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001294606-16-000205`
Period End Date	20150930
Filing Date	20160113
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	nuze-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 20 Cash Flow Statement 48 Stockholders Equity 12

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
Preferred stock; shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock; shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$107.68K	USD	Point-in-time
Cash	`Cash`	$238.16K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$5.21K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$18.20K	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
Inventories	`InventoryNet`	$201.76K	USD	Point-in-time
Inventories	`InventoryNet`	$50.88K	USD	Point-in-time
Inventories	`InventoryNet`	$0.51	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
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$21.53K	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
Total current assets	`AssetsCurrent`	$363.35K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$349.18K	USD	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	280,011.00	shares	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	30.12M	shares	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	30.60M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$192.10K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$33.37K	USD	Point-in-time
Less: treasury stock	`TreasuryStockSharesAcquired`	2.02M	shares	Annual
Less: treasury stock	`TreasuryStockSharesAcquired`	2.74M	shares	Annual
Total assets	`Assets`	$396.71K	USD	Point-in-time
Total assets	`Assets`	$541.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$65.52K	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`	$607.00	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.18K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$666.13K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$51.56K	USD	Point-in-time
Preferred stock; 100,000,000 shares authorized, $0.00001 par value; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; 100,000,000 shares authorized, $0.00001 par value; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 30,124,951 and 30,599,719 shares issued and outstanding	`CommonStockValue`	$306.00	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 30,124,951 and 30,599,719 shares issued and outstanding	`CommonStockValue`	$301.00	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 30,124,951 and 30,599,719 shares issued and outstanding	`CommonStockValue`	$204.99K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.94M	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`	$-5.99M	USD	Point-in-time
Less: treasury stock, at cost (2,016,000 and 2,736,000 shares held in treasury as of September 30, 2015 and 2014, respectively)	`TreasuryStockValue`	$77.37K	USD	Point-in-time
Less: treasury stock, at cost (2,016,000 and 2,736,000 shares held in treasury as of September 30, 2015 and 2014, respectively)	`TreasuryStockValue`	$105.00K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$345.15K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-124.85K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$541.28K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$396.71K	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$115.02K	USD	Annual
Revenues	`Revenues`	$71.76K	USD	Annual
Cost of sales	`CostOfRevenue`	$72.07K	USD	Annual
Cost of sales	`CostOfRevenue`	$59.01K	USD	Annual
Gross Profit	`GrossProfit`	$42.95K	USD	Annual
Gross Profit	`GrossProfit`	$12.76K	USD	Annual
Operating expenses	`CostsAndExpenses`	$1.51M	USD	Annual
Operating expenses	`CostsAndExpenses`	$3.15M	USD	Annual
Loss from operations	`IncomeLossFromContinuingOperations`	$-1.47M	USD	Annual
Loss from operations	`IncomeLossFromContinuingOperations`	$-3.13M	USD	Annual
Other income	`OtherIncome`	$216.00	USD	Annual
Other income	`OtherIncome`	$441.00	USD	Annual
Other expense	`OtherNoncashIncomeExpense`	$-1.93K	USD	Annual
Other expense	`OtherNoncashIncomeExpense`	$-2.51K	USD	Annual
Net loss	`NetIncomeLoss`	$-3.14M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.47M	USD	Annual
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	Annual
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	Annual
Basic and diluted weighted average number of common stock outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.12M	shares	Annual
Basic and diluted weighted average number of common stock outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.00M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.14M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.47M	USD	Annual
Depreciation	`DepreciationAndAmortization`	$22.15K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$3.25K	USD	Annual
Loss on disposition of equipments	`GainLossOnSaleOfPropertyPlantEquipment`	$54.68K	USD	Annual
Share issued for services	`ShareIssuedForServices`	$6.00K	USD	Annual
Option expense	`StockOptionPlanExpense`	$18.97K	USD	Annual
Option expense	`StockOptionPlanExpense`	$1.50M	USD	Annual
Warrant expense	`ShareBasedCompensation`	$33.27K	USD	Annual
Warrant expense	`ShareBasedCompensation`	$20.53K	USD	Annual
Accounts receivable	`IncreaseDecreaseInReceivables`	$7.99K	USD	Annual
Accounts receivable	`IncreaseDecreaseInReceivables`	$-13.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-50.88K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-150.88K	USD	Annual
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-52.20K	USD	Annual
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$47.57K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$22.14K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.44K	USD	Annual
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.38K	USD	Annual
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-7.57K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.45M	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.70M	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$235.56K	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`	$-235.56K	USD	Annual
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$600.00K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$737.86K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$964.82K	USD	Annual
Proceeds from issuance of treasury stock	`PaymentsForRepurchaseOfEquity`	$105.00K	USD	Annual
Proceeds from issuance of treasury stock	`PaymentsForRepurchaseOfEquity`	$-216.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$859.82K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.55M	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-872.50K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-130.48K	USD	Annual
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$107.68K	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
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$107.68K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaidNet`	$800.00	USD	Annual
Forgiveness of related party receivable	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$139.66K	USD	Annual
Forgivenes of debt	`DebtInstrumentDecreaseForgiveness`	$-50.00K	USD	Annual
Cancellation of common stocks	`CancellationOfCommonStocks`	$15.00	USD	Annual
Cancellation of common stocks	`CancellationOfCommonStocks`	$-89.66K	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance, September 30	`StockholdersEquity`	$345.15K	USD	Point-in-time
Balance, September 30	`StockholdersEquity`	$-124.85K	USD	Point-in-time
Common stock issued for cash (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	720,000.00	shares	Point-in-time
Common stock issued for cash (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	10,000.00	shares	1 Quarter
Common stock issued for cash (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	737,861.00	shares	7 Qtrs
Treasury stock sold for cash (in Shares)	`TreasuryStockSharesAcquired`	2.02M	shares	Annual
Treasury stock sold for cash (in Shares)	`TreasuryStockSharesAcquired`	2.74M	shares	Annual
Common stock repurchased (in Shares)	`StockRepurchasedDuringPeriodShares`	2.74M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-3.14M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.47M	USD	Annual
Balance, September 30	`StockholdersEquity`	$345.15K	USD	Point-in-time
Balance, September 30	`StockholdersEquity`	$-124.85K	USD	Point-in-time

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