Everything is set the way that it should be. Below you can check the settings related to the audio interface:
Audio Interface ASIO Driver Settings
Audio Connection - Input (setting that the Mic is on Analog 1 input channel)
Studio Installation panel listing the available physical input and outputs
Audio Connection - Output (setting that the output channels used are the Analog 1 and Analog 2 for Stereo output)
If I speak on the mic, Cubase simply does not get any signal. If I create a mono audio channel pointing to the analog 1 input, it also does not get any signal, where the other softwares do such as WaveLab, Quicktime, etc., which means that the problem is related with Cubase probably, otherwise the other softwares also should not be getting any signal from the input as well.