Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 176

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 6
Chunk 176
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    Balance 
     400,000,000  
    $40,000  
    $597,801  
    $(5,803,162) 
    $426,741  
    $(4,738,620) 
    $(281,001) 
    $(5,019,621)

*
Outstanding and issued shares retrospectively reflected the forward stock split 10:1 effected on October 18, 2022

The
accompanying notes are an integral part of these audited consolidated financial statements

F-5

KUN
PENG INTERNATIONAL LTD.

CONSOLIDATED
STATEMENTS OF CASH FLOWS

    2024  
    2023 

    September 30, 

    2024  
    2023 
  
    Cash flows from operating activities 

    Net loss 
    $(1,991,747) 
    $(2,149,213)
  
    Adjustments to reconcile net loss to net cash (used in) provided by operating activities 

    Depreciation and amortization 
     109,709  
     60,528 
  
    Amortization of right-of-use assets 
     373,760  
     326,255 
  
    Impairment losses 
     8,412  
     318,999 
  
    Loss on investment of cooperative enterprise 
     12,426  
     - 
  
    Changes in operating assets and liabilities 

    Advance and prepayments 
     (105,875) 
     199,130 
  
    Other receivables 
     (241,285) 
     42,582 
  
    Trade receivable 
     62  
     - 
  
    Security deposits 
     26,836  
     - 
  
    Inventory 
     93,335  
     (110,954)
  
    Trade and other payables 
     (1,722,045) 
     671,836 
  
    Deferred revenue 
     (1,607,612) 
     (763,453)
  
    Payroll payable 
     52,730  
     11,474 
  
    Amount due to related parties 
     5,298,478  
     1,094,095 
  
    Tax payable 
     (67,936) 
     142,950