CIMG · CIMG Inc.
$0.00
0.00 (-6.45%)
At close · Aug 28
Going-concern doubt
— flagged Aug 13, 2026
Substantial doubt about the company's ability to continue as a going concern.
“These conditions raise substantial doubt about the Company’s ability to continue as a going concern for one year after the date the consolidated financial statements are issued. Management’s plans to address these conditions include raising additional equity or debt financing and executing its revised business strategy. However, as of the issuance date of these consolidated financial statements, management’s plans have not alleviated the substantial doubt about the Company’s ability to continue as a going concern.”View the 10-Q filed Aug 13, 2026
Market Cap
$5.88M
Shares
1.96B
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Masateru Higashida | Chief Executive Officer, President, Secretary, Treasurer | $300,000 |
| Tomoko Toyota | Former Chief Marketing Officer | $293,346 |
| Jose Ramirez | Former Chief Sales Officer and Chief Supply Chain Officer | $256,000 |
| Patrick Shearer | Former Chief Financial Officer | $250,000 |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Patrick Shearer | Former Chief Financial Officer | $722,851 |
| Jose Ramirez | Former Chief Sales Officer and Chief Supply Chain Officer | $619,840 |
| Masateru Higashida | Chief Executive Officer, President, Secretary, Treasurer | $250,500 |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| Shanoop Kothari | Vice President, Chief Financial Officer and Chief Operating Officer | $325,000 |
| Travis Gorney | Vice President, Chief Marketing Officer | $183,065 |
| Masateru Higashida | Chief Executive Officer, President, Secretary, Treasurer | $180,000 |
Fiscal 2019
| Executive | Role | Total |
|---|---|---|
| Shanoop Kothari | Vice President, Chief Financial Officer and Chief Operating Officer | $4,025,337 |
| Masateru Higashida | Chief Executive Officer, President, Secretary, Treasurer | $300,000 |
| Travis Gorney | Vice President, Chief Marketing Officer | $120,000 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Wenlong Tong | President | Appointed | 2025-10-09 |
| Feng Tian | Chief Financial Officer | Appointed | 2025-08-11 |
| Xiaocheng Hao | Chief Operating Officer | Appointed | 2025-05-02 |
| Jian Liu | member of the Board of Directors | Resigned | 2025-01-15 |
| Jinmei Guo Hellstroem | chairman of the compensation committee | Appointed | 2024-12-20 |
| Jinmei Guo Hellstroem | independent member of the Board | Appointed | 2024-12-20 |
| Zhanzhan Shi | Acting Chief Financial Officer | Appointed | 2024-09-09 |
| Randell Weaver | Co-Chief Executive Officer and Chief Financial Officer | Terminated | 2024-09-05 |
| Zongmei Huang | director | Appointed | 2024-06-21 |
| Jian Liu | director | Appointed | 2024-06-21 |
| David G. Robson | director | Resigned | 2024-06-21 |
| J. Chris Jones | director | Resigned | 2024-06-21 |
| Jianshuang Wang | Chairman of the Board | Appointed | 2024-06-07 |
| Yanli Hou | director | Appointed | 2024-06-07 |
| Masateru Higashida | Treasurer | Resigned | 2024-06-07 |
| Jianshuang Wang | director | Appointed | 2024-06-07 |
| Masateru Higashida | Chief Executive Officer | Resigned | 2024-06-07 |
| Masateru Higashida | Secretary | Resigned | 2024-06-07 |
| Masateru Higashida | Chairman of the Board | Resigned | 2024-06-07 |
| Kevin J. Conner | director | Resigned | 2024-06-07 |
| Masateru Higashida | director | Resigned | 2024-06-07 |
| Changzheng Ye | director | Appointed | 2024-05-02 |
| Nobuki Kurita | board of directors | Resigned | 2024-05-02 |
| Randell Weaver | President and Chief Operating Officer | Appointed | 2023-12-12 |
| Tracy Ging | member of the Board of Directors | Resigned | 2023-09-06 |
Key facts
CIK
1527613
CUSIP
67073S406