NuZee, Inc. Files 2023 Annual Report on Form 10-K

Ticker: CIMG · Form: 10-K · Filed: Jan 16, 2024 · CIK: 1527613

Complexity: simple

Sentiment: neutral

Topics: NuZee, 10-K, Annual Report, Fiscal Year 2023, Financials

TL;DR

<b>NuZee, Inc. has filed its 2023 Form 10-K detailing its financial performance and business operations for the fiscal year ending September 30, 2023.</b>

AI Summary

NuZee, Inc. (CIMG) filed a Annual Report (10-K) with the SEC on January 16, 2024. NuZee, Inc. filed its annual report on Form 10-K for the fiscal year ended September 30, 2023. The filing covers the period from October 1, 2022, to September 30, 2023. The company's principal executive office is located at 1350 East Arapaho Road, Suite #230, Richardson, TX 75081. NuZee, Inc. was formerly known as Havana Furnishings Inc. and Havanna Furnishings Inc., with name changes occurring in August 2011. The company is classified under SIC code 5900: RETAIL-MISCELLANEOUS RETAIL.

Why It Matters

For investors and stakeholders tracking NuZee, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of NuZee's financial health, operational activities, and strategic direction for the past fiscal year, which is crucial for investors to assess the company's performance and future prospects. The detailed financial statements and risk factors within the report offer insights into the company's revenue streams, expenses, and potential challenges, enabling stakeholders to make informed investment decisions.

Risk Assessment

Risk Level: medium — NuZee, Inc. shows moderate risk based on this filing. The company's financial performance and operational details are presented in a standard 10-K filing, which typically contains a mix of positive and negative information, requiring further analysis to determine overall sentiment. The filing itself is a routine disclosure.

Analyst Insight

Investors should carefully review the financial statements and risk factors in the 10-K to understand NuZee's current financial position and potential future challenges.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

When did NuZee, Inc. file this 10-K?

NuZee, Inc. filed this Annual Report (10-K) with the SEC on January 16, 2024.

What is a 10-K filing?

A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by NuZee, Inc. (CIMG).

Where can I read the original 10-K filing from NuZee, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by NuZee, Inc..

What are the key takeaways from NuZee, Inc.'s 10-K?

NuZee, Inc. filed this 10-K on January 16, 2024. Key takeaways: NuZee, Inc. filed its annual report on Form 10-K for the fiscal year ended September 30, 2023.. The filing covers the period from October 1, 2022, to September 30, 2023.. The company's principal executive office is located at 1350 East Arapaho Road, Suite #230, Richardson, TX 75081..

Is NuZee, Inc. a risky investment based on this filing?

Based on this 10-K, NuZee, Inc. presents a moderate-risk profile. The company's financial performance and operational details are presented in a standard 10-K filing, which typically contains a mix of positive and negative information, requiring further analysis to determine overall sentiment. The filing itself is a routine disclosure.

What should investors do after reading NuZee, Inc.'s 10-K?

Investors should carefully review the financial statements and risk factors in the 10-K to understand NuZee's current financial position and potential future challenges. The overall sentiment from this filing is neutral.

How does NuZee, Inc. compare to its industry peers?

NuZee, Inc. operates in the miscellaneous retail sector, focusing on products related to beverages and potentially other consumer goods. The company's business model and market position are detailed within its SEC filings.

Are there regulatory concerns for NuZee, Inc.?

As a publicly traded company in the United States, NuZee, Inc. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the annual filing of Form 10-K.

Industry Context

NuZee, Inc. operates in the miscellaneous retail sector, focusing on products related to beverages and potentially other consumer goods. The company's business model and market position are detailed within its SEC filings.

Regulatory Implications

As a publicly traded company in the United States, NuZee, Inc. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the annual filing of Form 10-K.

What Investors Should Do

  1. Review NuZee's financial statements for the fiscal year ended September 30, 2023.
  2. Analyze the risk factors section to understand potential business challenges.
  3. Compare the current year's performance with previous fiscal years to identify trends.

Year-Over-Year Comparison

This filing represents the annual report for the fiscal year ended September 30, 2023, providing updated financial and operational information compared to previous filings.

Filing Stats: 4,548 words · 18 min read · ~15 pages · Grade level 14.8 · Accepted 2024-01-16 17:28:42

Key Financial Figures

Filing Documents

BUSINESS

ITEM 1. BUSINESS. 4

RISK FACTORS

ITEM 1A. RISK FACTORS 14

UNRESOLVED STAFF COMMENTS

ITEM 1B. UNRESOLVED STAFF COMMENTS 33

PROPERTIES

ITEM 2. PROPERTIES 33

LEGAL PROCEEDINGS

ITEM 3. LEGAL PROCEEDINGS 33

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES 34 PART II 35

MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 35

[RESERVED]

ITEM 6. [RESERVED] 35

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 35

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 41

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 41

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 41

CONTROLS AND PROCEDURES

ITEM 9A. CONTROLS AND PROCEDURES 41

OTHER INFORMATION

ITEM 9B. OTHER INFORMATION 42

DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 42 PART III 43

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE. 43

EXECUTIVE COMPENSATION

ITEM 11. EXECUTIVE COMPENSATION. 43

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS. 43

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 43

PRINCIPAL ACCOUNTING FEES AND SERVICES

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES 43 PART IV 44

EXHIBIT AND FINANCIAL STATEMENT SCHEDULES

ITEM 15. EXHIBIT AND FINANCIAL STATEMENT SCHEDULES 44

FORM 10-K SUMMARY

ITEM 16. FORM 10-K SUMMARY 45

SIGNATURES

SIGNATURES 46 2 CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS This Annual Report on Form 10-K (this "Report") contains forward-looking statements, including, without limitation, in the sections captioned "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," and elsewhere. Any and all statements contained in this Report that are not statements of historical fact may be deemed forward-looking "target," "seek," "estimate," "predict," "potential," "strategy," "anticipate," "attempt," "develop," "plan," "help," "believe," "continue," "intend," "expect," "future" and terms of similar import (including the negative of any of the foregoing) may be intended to identify forward-looking statements. However, not all forward-looking statements may contain one or more of these identifying terms. Forward-looking statements in this Report may include, without limitation, statements regarding: our plans to obtain funding for our operations, including funding necessary to develop, manufacture and commercialize our products, provide our co-packing services, and to continue as a going concern; our expectation that our existing capital resources will be sufficient to fund our operations for at least the next three months and our expectation to need additional capital to fund our planned operations beyond that; the accuracy of our estimates regarding expenses, future revenue, capital requirements and needs for additional financing; our expectations regarding our ability to maintain compliance with the listing requirements of the Nasdaq Capital Market; the impact to our business, including any supply chain interruptions, resulting from changes in general economic, business and political conditions, including changes in the financial markets and macroeconomic conditions resulting from a pandemic ; the evolving coffee preferences of co

View Full Filing

View this 10-K filing on SEC EDGAR

View on Read The Filing