Financial Analysis

9. STOCK OPTIONS AND WARRANTS Options During the six months ended March 31, 2025, the Company granted no new stock options. During the six months ended March 31, 2025, 20,430 stock options were forfeited or expired because of termination of employment, expiration of options and performance conditions not met. The following table summarizes stock option activity for the six months ended March 31, 2025. SCHEDULE OF STOCK OPTION ACTIVITY Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value Outstanding on September 30, 2024 20,430 $ 177.44 0.02 $ - Granted - - - - Exercised - - - - Expired (20,430 ) 177.44 0.02 - Forfeited - - - - Outstanding on March 31, 2025 - - - $ - Exercisable on March 31, 2025 - $ - - $ - The Company is expensing these stock option awards on a straight-line basis over the requisite service period. The Company recognized stock option expense of $ Nil and $ 65,948 for six months ended March 31 2025, and 2024, respectively. Warrants On October 18, 2024, the holders of warrants issued by the Company exercised its cashless option to purchase an aggregate of 55,973 shares of the Companys common stock pursuant to warrants issued by the Company. Such warrants were previously issued pursuant to the convertible note and warrant purchase agreement dated April 27, 2024, as disclosed in the current report of the Company on Form 8-K filed with the SEC on May 2, 2024. In connection with such cashles …

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7. INTANGIBLE ASSETS Identifiable life intangible assets As of March 31, 2025, the Companys intangible assets consisted of unamortized tradename asset of $ 65,000 which is being amortized over five years from the date of acquisition at a rate of $ 30,000 per year. Amortization expense was $ 15,000 and $ 15,000 for six months ended March 31, 2025 and 2024. Amortization expense for the next four fiscal years is as follows: SCHEDULE OF AMORTIZATION EXPENSE Tradename Amortization March 31, 2025 15,000 2025 30,000 2026 20,000 2027 - Grand Total 65,000 …

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3. LOANS On February 15, 2024, Social E-commerce Co., Ltd. provided a short-term, interest-free loan to the Company. The loan, approved by the lender and serviced by Bill.com Capital 3, LLC through their online platform, was intended to support the Companys operations. As of March 31, 2025, the outstanding balance of this loan was $ 103,889 . On April 18, 2024, SOONCHA KIM lent the company $ 320,000 with an annual interest rate of 7 %. The outstanding balance on the loan at March 31, 2025 amounted to $ 320,926 . For six months ended March 31, 2025, ZHANG XIANG lent the company $ 8,696 with an annual interest rate of 0 %. The outstanding balance on the loan at March 31, 2025 amounted to $ 8,696 . …

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Recent Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, DebtDebt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entitys Own Equity (Subtopic 815-40), Accounting for Convertible Instruments and Contracts in an Entitys Own Equity. ASU 2020-06 simplifies the accounting for convertible instruments by reducing the number of accounting models available for convertible debt instruments. This guidance also eliminates the treasury stock method to calculate diluted earnings per share for convertible instruments and requires the use of the if-converted method. The amendments in this Update are effective for public business entities that meet the definition of a Securities and Exchange Commission (SEC) filer, excluding entities eligible to be smaller reporting companies as defined by the SEC, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted. In November 2023, the FASB issued ASU 2023-07, Segment Reporting-Improvements to Reportable Segment Disclosures. The amendments in this Update improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The amendments in this Update are effective for fiscal years beginning after D …

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5. RELATED PARTY TRANSACTIONS As of March 31, 2025, the directors of Wewin Technology LLC paid an administrative fee of $ 28,500 on behalf of CIMG Inc. The company expects to clear and repay this related-party transaction before September 30, 2025.

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11. SUBSEQUENT EVENTS Private Placement SCHEDULE OF PRIVATE PLACEMENT Date Transaction Description Amount/Shares Status June 2, 2025 Share Purchase Agreement (Form 8-K filed on June 5, 2025 and June 10, 2025) $ 1,068,480 for 6,000,000 shares of common stock The closing of the sale of the 6,000,000 shares of common stock occurred on June 9, 2025. 6,000,000 shares of common stock has been issued. Legal Proceedings Kim Litigation On October 3, 2024, Mr. Sooncha Kim filed a complaint against the Company in the Southern District of New York, (Case No. 1:24-cv-7485) (the Complaint). The Complaint alleges that the Company breached a Convertible Note and Warrant Purchase Agreement, dated June 6, 2024, between the Company and Mr. Kim, by, among other things, failing to deliver the registration rights agreement, excluding Mr. Kim from the S1 registration statement, delaying conversion of Mr. Kims notes, undertaking steps to dilute Mr. Kims shares, failing to honor Mr. Kims 50% participation right in any subsequent financing and failing to appoint a designated director, as set forth in the parties agreement. Mr. Kim seeks specific performance of the Convertible Note and Warrant Purchase Agreement, and monetary damages in the amount of $ 1,041,216 , plus applicable interest. The Company filed its answer to the Complaint on December 3, 2024. On January 7, 2025, Mr. Kim filed a motion seeking a preliminary injunction against the Company (the Motion). The Company opposed the Motion on Janua …

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