CIMG Inc. Files Amendment No. 1 to Q1 2026 Quarterly Report

Key Points:

• Amendment Filed: CIMG Inc. has filed Amendment No. 1 to its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025. This amendment was made to include additional disclosures that were inadvertently omitted from the original filing, specifically “Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Other sections and financial statements remain unchanged.
• Financial Overview:
  • Net Loss: The company reported a net loss of \$19,426,273 for the quarter ended December 31, 2025.
  • Total Assets: As of December 31, 2025, CIMG Inc. had total assets of \$67,418,377, compared to \$74,175,548 as of September 30, 2025, indicating a decrease in asset base.
  • Total Liabilities: Liabilities stood at \$10,901,197 as of December 31, 2025, down from \$27,645,099 at September 30, 2025, suggesting significant reduction in obligations.
  • Stockholders’ Equity: The company’s stockholders’ equity increased to \$55,706,110 from \$46,530,449.
  • Common Shares Outstanding: As of March 17, 2026, there were 89,971,443 shares of common stock outstanding, a substantial increase from previous periods.
  • Share Issuance: During the quarter, the company issued 416,667 shares of common stock for cash, raising \$2,000,000.
  • Stock Compensation: An additional 240,970 shares were issued as stock compensation.
  • NASDAQ Listing: The company’s common stock (\$0.00001 par value) trades under the symbol IMG on The NASDAQ Stock Market LLC.
• Reporting Status: CIMG Inc. confirms it has filed all required reports and has submitted all Interactive Data Files as required by the SEC.
• Filer Status: CIMG Inc. is a Non-accelerated filer, and is not an emerging growth company nor a shell company.

Important Shareholder Information & Potential Price Sensitivity:

• Significant Increase in Outstanding Shares: The jump to 89,971,443 shares outstanding as of March 17, 2026, from 15,483,392 as of December 31, 2025, is substantial. This dilution is likely due to recent offerings and share issuances for cash and compensation. Dilution can impact earnings per share and may pressure share price if not matched by growth or operational improvements.
• Large Net Loss for Quarter: The reported net loss of \$19.4 million is significant. Investors should note this, as continued losses may affect long-term valuation and investor confidence.
• Reduction in Liabilities: The reduction of liabilities from \$27.6 million to \$10.9 million may indicate debt repayment or other financial restructuring, potentially improving the company’s risk profile.
• Increase in Equity: Equity increased substantially, which may be tied to capital raising activities. This is positive for solvency but, as noted, comes with the risk of dilution.
• Forward-Looking Statements: The company states it expects existing capital resources to suffice for at least the next 12 months, but anticipates needing additional capital beyond that. This means further fundraising or dilution could occur. The company also emphasizes the risks and uncertainties inherent in its forward-looking statements, including funding, compliance, supply chain, competition, and regulatory developments.
• Amendment Disclosure: Investors should be aware that the amendment specifically addresses previously omitted management discussion and analysis. This is a critical section for understanding business outlook, risks, and operational strategy.

Summary Table:

Cautionary Note Regarding Forward-Looking Statements

Any statements in this article concerning future performance, projections, business plans, or expectations are forward-looking and subject to substantial risks and uncertainties. Actual results may differ materially due to factors including, but not limited to, market conditions, funding needs, regulatory changes, competitive pressures, and operational risks.

Disclaimer

This article is for informational purposes only and should not be considered investment advice. Investors should conduct their own due diligence and consult with professional advisors before making investment decisions. The author does not assume responsibility for any actions taken based on this information.

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