Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 222

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 6
Chunk 222
---
 42,894  
     2,604 
  
    Advance to third-party company 
     34,912  
     - 
  
    Others 
     37,663  
     6,345 
  
    Total other receivables, net 
    $251,588  
    $23,060 

Advance
to employees represents funds provided to our officers and employees for business expenses, such as travel, parking, gasoline, membership,
and meals, that are anticipated to be incurred by our officers and employees on behalf of the Company. Advances to employees are required
to be repaid in cash within a year.

Advance to third-party company
represents funds provided to third-party company for rental fee and deposit.

    F-36

NOTE
6 – INVENTORY

Inventory
consisted of the following:

SCHEDULE
OF INVENTORY

    2024  
    2023 

    September 30, 

    2024  
    2023 
  
    Finished goods 
    $15,700  
    $107,263 
  
    Total 
    $15,700  
    $107,263 

NOTE
7 - PROPERTY AND EQUIPMENT, NET

Property
and equipment consisted of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT

    2024  
    2023 

    September 30, 

    2024  
    2023 

    Leasehold improvements 
    $199,563  
    $124,161 
  
    Furniture and fixtures 
     4,755  
     1,205 
  
    Computer equipment 
     291,386  
     39,110 
  
    Office equipment 
     5,822  
     1,442 
  
    Subtotal 
     501,526  
     165,919 
  
    Property and equipment, gross 
     501,526  
     165,919 

    Less: accumulated depreciation 
     (209,328) 
     (93,367)
  
    Total property and equipment, net 
    $292,198  
    $72,552 

Depreciation
expense was $109,349 and $60,165 for the years ended September 30, 2024 and 2023, respectively.

NOTE
8 - INTANGIBLE ASSETS

SCHEDULE OF INTANGIBLE