10-Q Filing

CIMG INC. CIK: 1527613 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001294606-16-000230`
Period End Date	20160331
Filing Date	20160511
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	nuze-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 38 Cash Flow Statement 47

Balance Sheet 55 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`	$107.68K	USD	Point-in-time
Preferred stock; shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$57.06K	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
Accounts receivable	`AccountsReceivableNetCurrent`	$18.20K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$11.77K	USD	Point-in-time
Inventories	`InventoryNet`	$201.76K	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
Inventories	`InventoryNet`	$236.92K	USD	Point-in-time
Inventories	`InventoryNet`	$107.30K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$21.37K	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`	$21.53K	USD	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	30.69M	shares	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	30.12M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$349.18K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$327.12K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$173.96K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$192.10K	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
Total assets	`Assets`	$501.08K	USD	Point-in-time
Total assets	`Assets`	$541.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$49.68K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$65.52K	USD	Point-in-time
Advanced received	`AdvancesToAffiliate`	$-96.60K	USD	Point-in-time
Loan payable - short term - Related party	`DueToRelatedPartiesCurrent`	$70.00K	USD	Point-in-time
Notes payable - Related party	`AccountsPayableRelatedPartiesCurrent`	$600.00K	USD	Point-in-time
Notes payable - Related party	`AccountsPayableRelatedPartiesCurrent`	$600.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$380.00	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$607.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$666.13K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$816.66K	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; 30,687,451 and 30,124,951 shares issued	`CommonStockValue`	$301.00	USD	Point-in-time
Common stock; 100,000,000 shares authorized, $0.00001 par value; 30,687,451 and 30,124,951 shares issued	`CommonStockValue`	$307.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.40M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.99M	USD	Point-in-time
Less: treasury stock, at cost (2,016,000 held in treasury, $0.03838 per share)	`TreasuryStockValue`	$77.37K	USD	Point-in-time
Less: treasury stock, at cost (2,016,000 held in treasury, $0.03838 per share)	`TreasuryStockValue`	$77.37K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-315.58K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-124.85K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$501.08K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$541.28K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$-50.95K	USD	1 Quarter
Revenues	`Revenues`	$-56.60K	USD	2 Qtrs
Revenues	`Revenues`	$-15.59K	USD	1 Quarter
Revenues	`Revenues`	$-95.41K	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$-30.28K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$-40.95K	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$-59.34K	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$-5.44K	USD	1 Quarter
Gross Profit	`GrossProfit`	$-36.07K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$-20.68K	USD	1 Quarter
Gross Profit	`GrossProfit`	$-15.65K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$-10.15K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$-416.35K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$-359.46K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$-681.04K	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$-723.33K	USD	2 Qtrs
Loss from operations	`IncomeLossFromContinuingOperations`	$707.68K	USD	2 Qtrs
Loss from operations	`IncomeLossFromContinuingOperations`	$644.96K	USD	2 Qtrs
Loss from operations	`IncomeLossFromContinuingOperations`	$406.20K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperations`	$338.79K	USD	1 Quarter
Other income	`OtherIncome`	$-276.00	USD	2 Qtrs
Other income	`OtherIncome`	$-48.00	USD	1 Quarter
Other expense	`OtherNoncashIncomeExpense`	$1.23K	USD	2 Qtrs
Other expense	`OtherNoncashIncomeExpense`	$-800.00	USD	1 Quarter
Other expense	`OtherNoncashIncomeExpense`	$2.85K	USD	2 Qtrs
Other expense	`OtherNoncashIncomeExpense`	$425.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$708.91K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$337.94K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$647.54K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$406.63K	USD	1 Quarter
Basic and diluted loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	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`	$-0.01	USD	1 Quarter
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 stock outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.40M	shares	2 Qtrs
Basic and diluted weighted average number of common stock outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.39M	shares	1 Quarter
Basic and diluted weighted average number of common stock outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.93M	shares	2 Qtrs
Basic and diluted weighted average number of common stock outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.76M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$708.91K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$337.94K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$647.54K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$406.63K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$3.42K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$20.99K	USD	2 Qtrs
Option expense	`StockOptionPlanExpense`	$24.33K	USD	2 Qtrs
Option expense	`StockOptionPlanExpense`	$25.81K	USD	2 Qtrs
Warrant expense	`ShareBasedCompensation`	$15.77K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.11K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.44K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$35.16K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$56.42K	USD	2 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-158.00	USD	2 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$45.55K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-22.93K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-15.85K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$96.38K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.05K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-787.23K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-548.77K	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.64K	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.85K	USD	2 Qtrs
net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.85K	USD	2 Qtrs
net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.64K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$27.20K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$431.00K	USD	2 Qtrs
Proceeds from issuance of short term loan payable - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$100.00K	USD	2 Qtrs
Proceeds from issuance of convertible note payable - related party	`ProceedsFromConvertibleDebt`	$600.00K	USD	2 Qtrs
Proceeds from issuance of treasury stock	`PaymentsForRepurchaseOfEquity`	$-216.00K	USD	2 Qtrs
Repayment of principal on short term loan payable - related party	`ProceedsFromRepaymentsOfShortTermDebt`	$-30.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$501.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$843.20K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$44.33K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-50.62K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$282.49K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$107.68K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$57.05K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$282.49K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$107.68K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$57.05K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$238.16K	USD	Point-in-time
Cash paid for taxes	`IncomeTaxesPaidNet`	$800.00	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cancellation of common stocks	`CancellationOfCommonStocks`	$-12.00	USD	2 Qtrs

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