10-Q Filing

CIMG INC. CIK: 1527613 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001294606-16-000211`
Period End Date	20151231
Filing Date	20160216
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	nuze-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 19 Cash Flow Statement 38

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	`Cash`	$107.68K	USD	Point-in-time
Preferred stock; shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$47.25K	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`	$18.20K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$14.35K	USD	Point-in-time
Preferred stock; shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$201.76K	USD	Point-in-time
Inventories	`InventoryNet`	$181.11K	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
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`	$21.53K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$21.71K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$264.42K	USD	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	30.12M	shares	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	30.40M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$349.18K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$184.15K	USD	Point-in-time
Common stock; outstanding	`CommonStockSharesOutstanding`	30.12M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$192.10K	USD	Point-in-time
Common stock; outstanding	`CommonStockSharesOutstanding`	30.40M	shares	Point-in-time
Total assets	`Assets`	$541.28K	USD	Point-in-time
Total assets	`Assets`	$448.56K	USD	Point-in-time
Less: treasury stock, held	`TreasuryStockShares`	2.02M	shares	Point-in-time
Less: treasury stock, held	`TreasuryStockShares`	2.02M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$65.52K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$77.62K	USD	Point-in-time
Convertible notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$600.00K	USD	Point-in-time
Convertible notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$600.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$387.00	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$607.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$678.01K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$666.13K	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; 30,404,951 and 30,124,951 shares issued and outstanding	`CommonStockValue`	$304.00	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 30,404,951 and 30,124,951 shares issued and outstanding	`CommonStockValue`	$301.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.94M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.99M	USD	Point-in-time
Less: treasury stock, at cost (2,016,000 shares held in treasury as of December 31, 2015 and September 30, 2015 )	`TreasuryStockValue`	$77.37K	USD	Point-in-time
Less: treasury stock, at cost (2,016,000 shares held in treasury as of December 31, 2015 and September 30, 2015 )	`TreasuryStockValue`	$77.37K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-124.85K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-229.44K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$448.56K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$541.28K	USD	Point-in-time

Income Statement 19 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$-41.02K	USD	1 Quarter
Revenues	`Revenues`	$-44.46K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$-35.52K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$-29.07K	USD	1 Quarter
Gross Profit	`GrossProfit`	$-15.39K	USD	1 Quarter
Gross Profit	`GrossProfit`	$-5.50K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$-306.98K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$-321.57K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$306.18K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$301.48K	USD	1 Quarter
Other income	`OtherIncome`	$-228.00	USD	1 Quarter
Other expense	`OtherNoncashIncomeExpense`	$800.00	USD	1 Quarter
Other expense	`OtherNoncashIncomeExpense`	$3.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$302.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$309.60K	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`	$-0.01	USD	1 Quarter
Basic and diluted weighted average number of common stock outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.10M	shares	1 Quarter
Basic and diluted weighted average number of common stock outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.33M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$302.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$309.60K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.62K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$10.49K	USD	1 Quarter
Option expense	`StockOptionPlanExpense`	$17.99K	USD	1 Quarter
Warrant expense	`ShareBasedCompensation`	$9.13K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-3.86K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-321.00	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-20.65K	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`	$176.00	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$12.10K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.00K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-220.00	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$672.00	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-286.16K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-262.90K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.53K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.53K	USD	1 Quarter
Proceeds from issuance of common stock	`CancellationOfCommonStocks`	$-13.20K	USD	1 Quarter
Proceeds from issuance of common stock	`CancellationOfCommonStocks`	$-205.00K	USD	1 Quarter
Proceeds from issuance of treasury stock	`PaymentsForRepurchaseOfEquity`	$-174.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$187.20K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$205.00K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-60.43K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-98.96K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$107.68K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.25K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$139.20K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$107.68K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.25K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$139.20K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaidNet`	$800.00	USD	1 Quarter

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