Company: KPEA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010699
Chunk: 66

Company: Kun Peng International Ltd.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 66
---
, including with the VIE and its subsidiaries, are eliminated in our condensed consolidated financial statements.
For more details, please refer to the principles of consolidation set forth in the notes to our Condensed Consolidated Financial Statements
for the six months ended March 31, 2025 included in this report.

Financial Operations Overview

Results of Operations for the three months ended
March 31, 2025 and 2024

    Three Months Ended  March 31, 

    2025  
    2024 

    Amount  
    % of revenue  
    Amount  
    % of revenue 

    Revenues 
    $609,285  
     100.0  
    $364,508  
     100.0 
  
    Cost of revenues 
     98,605  
     16.2  
     99,456  
     27.3 
  
    Gross profit 
     510,680  
     83.8  
     265,052  
     72.7 
  
    Operating expenses: 

    General and administrative expenses 
     312,614  
     51.3  
     528,457  
     145.0 
  
    Selling expense 
     512,908  
     84.2  
     320,226  
     87.9 
  
    Total operating expenses 
     825,522  
     135.5  
     848,683  
     232.8 
  
    Loss from operations 
     (314,842) 
     (51.7) 
     (583,631) 
     (160.1)
  
    Other income (expense) 
     121,965  
     20.0  
     (440) 
     (0.1)
  
    Loss before income taxes 
     (192,877) 
     (31.7) 
     (584,071) 
     (160.2)
  
    Income tax expense 
     -  
     -  
     13,364  
     3.7 
  
    Net loss 
    $(192,877) 
     (31.7) 
    $(597,435) 
     (163.9)

Revenues

For the three months ended March