Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 217

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 6
Chunk 217
---
 644,803 

    Effect of exchange rate fluctuation on cash 
    $-  
    $(10,828) 
    $10,570  
    $(13,115) 
    $(13,345) 
    $(26,718)

    F-32

The
Company consolidated its VIE as of September 30, 2024, and 2023. The carrying amounts and classification of the VIE’s assets and
liabilities included in the consolidated balance sheets are as follows:

SCHEDULE
OF VIE CONSOLIDATED BALANCE SHEETS, OPERATING RESULTS AND CASH FLOWS  

    September 30, 2024  
    September 30, 
2023 
  
    Assets 

    Current assets 

    Cash and cash equivalents 
    $81,132  
    $447,117 
  
    Trade receivable – intercompany 
     2,316,724  
     2,119,294 
  
    Advance and prepayments 
     147,091  
     41,323 
  
    Other receivables – third parties 
     251,069  
     19,431 
  
    Inventory 
     15,700  
     107,263 
  
    Amount due from related parties 
     20,092  
     - 
  
    Total current assets 
     2,831,808  
     2,734,428 

    Noncurrent assets 

    Property and equipment, net 
     265,141  
     - 
  
    Investment in associate held for sale 
     15,743  
     - 
  
    Right-of-use assets 
     504,147  
     127,674 
  
    Total noncurrent assets 
     785,031  
     127,674 
  
    Total assets 
    $3,616,839  
    $2,862,102 

    Liabilities 

    Current liabilities 

    Trade payables 
    $1,952,026  
    $2,067,831 
  
    Other payables and accrual 
     1,194,683  
     8,029 
  
    Deferred revenue 
     584,116  
     2,149,238 
  
    Intercompany payables 
     51,757  
     34,370