Company: KPEA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023821
Chunk: 56

Company: Kun Peng International Ltd.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 56
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 the discretionary funds are not distributable as cash dividends.

As
a result of the foregoing restrictions, King Eagle (China), King Eagle (Tianjin), and KP Tian Yu are restricted in their ability to transfer
their net assets to the Company. Foreign exchange and other regulations in the PRC may further restrict these entities from transferring
funds to the Company in the form of dividends, loans, and advances. As of June 30, 2025, King Eagle (China), King Eagle (Tianjin), and
KP Tian Yu incurred negative assets in the amount of $1,337,599, $2,554,384 and $949, respectively. As
of September 30, 2024, King Eagle (China), King Eagle (Tianjin) and KP Tian Yu incurred negative assets in the amount of $1,327,000,
$2,539,081 and $962, respectively. Accordingly, the Company did not accrue statutory reserve funds as of June 30, 2025 and
September 30, 2024.

NOTE
13 - REVENUE

Revenue:

The
following table presents revenues and the related cost of goods sold disaggregated by customer type for the three and nine months ended
June 30, 2025 and 2024:

 SCHEDULE
OF DISAGGREGATED REVENUES AND COST OF GOODS SOLD

    2025  
    2024  
    2025  
    2024 

    Three
                                                                               Months Ended
                                                                               June 30,  
    Nine
Months Ended
                                                                               June 30, 

    2025  
    2024  
    2025  
    2024 

    Retail product sales 
    $21,239  
    $440,243  
    $252,367  
    $983,694 
  
    Wholesale product sales 
     -  
     -  
     -  
     2,160 
  
    Equipment-based service revenue 
     86,563  
     231,819  
     821,239  
     539,630 
  
    Technical service revenue 
     -  
     -  
     -  
     35,959 
  
    Commissions 
     -  
     -  
     -  
     2,948 
  
    Training