Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 410

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 8
Chunk 410
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 measurement of lease liabilities 
    $346,659  
    $271,259 
  
    New operating lease assets obtained in exchange for operating lease liabilities 
    $561,527  
    $113,012 
  
    Weighted average remaining operating lease term 
     1.18 year  
     1.47 year 
  
    Weighted average remaining finance lease term 
     1.56 year  
     - 
  
    Weighted average discount rate for operating lease 
     4.60% 
     4.31%
  
    Weighted average discount rate for finance lease 
     4.75% 
     - 

The
amortization expense was $ 373,760 and $326,255 for the years ended September 30, 2024 and 2023, respectively.

NOTE
14 - Goodwill

The changes in the carrying amount of goodwill from Kun Pin Hui (Shandong) reporting unit are as follows:

 SCHEDULE
OF GOODWILL

    2024  
    2023 

    September 30, 

    2024  
    2023 
  
    Goodwill 
    $8,636  
    $- 
  
    Less: Impairment 
     (8,636) 
     - 
  
    Total 
    $-  
    $- 

For
the years ended September 30, 2024 and 2023, the goodwill of Company were nil. And impairment loss on goodwill was $8,636 and nil for
the years ended September 30, 2024 and 2023, respectively.

NOTE
15 - COMMITMENTS AND CONTINGENCIES

Purchase
and service commitments

King
Eagle (China) and King Eagle (Tianjin) entered into multiple purchase and service commitments. As of September 30, 2024 and 2023, King
Eagle (China) and King Eagle (Tianjin) had purchase and service commitments in an amount of $4,987 and $15,327, respectively.

NOTE
16 - SUBSEQUENT EVENT

In
November 2024, King Eagle (Hangzhou) entered an agreement on transferring all the shares of Shanxi Limei
Aosikang Hospital Management Co., Ltd. King Eagle (Hangzhou) have recouped the investment payment
from Shanxi Limei Aosikang Hospital Management Co.,