Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 17

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 3
Chunk 17
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,
net cash used in financing activities totaled $54,769 and primarily related to $125,291 payment of finance lease liabilities, partially
offeset by a $70,522 capital contribution from a shareholder of King Eagle (Tianjin).

The
effect of exchange rate change on cash totaled $10,491 for the year ended September 30, 2024. The resulting change in cash for the period
was a decrease of $375,396.

For
the year ended September 30, 2023, net cash used in operating activities totaled $427,030. Operating cash outflow was mainly attributable
to our net loss of $2,149,213, a decrease in customer advances of $763,453, and payments for operating lease liabilities of $271,259,
offset by a decrease in prepayments to our vendors of $199,130, an increase in payables to our vendors of $671,836, accrual in VAT and
indirect taxes of $142,950, and advance from related parties of $1,094,095.

Net
cash used in investing activities totaled $606 and was primarily related to the acquisition of trademarks during the year ended September
30, 2023.

For
the year ended September 30, 2023, net cash provided by financing activities totaled $644,803 and primarily related to a capital contribution
from shareholders of King Eagle VIE.

The
effect of exchange rate change on cash totaled $(26,718) for the year ended September 30, 2023. The resulting change in cash for the
period was an increase of $190,449.

    For the years ended September 30, 

    2024  
    2023 

    Net cash provided by (used in) operating activities 
    $17,880  
    $(427,030)
  
    Net cash used in investing activities 
     (348,998) 
     (606)
  
    Net cash used in (provided by) financing activities 
     (54,769) 
     644,803 
  
    Effect of exchange rate change on cash 
     10,491  
     (26,718)
  
    Total net change in cash and cash equivalents 
    $(375,396) 
    $190,449 

The
following table sets forth a summary of changes in our working capital as of September 30, 2024 and 2023:

    September