Company: KPEA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010699
Chunk: 49

Company: Kun Peng International Ltd.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 49
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(58,596)

    Cash flows from financing activities 

    Proceeds from bank borrowings 
     98,467  
     - 
  
    Payment of finance lease liabilities 
     (107,201) 
     - 
  
    Net cash used in financing activities 
     (8,734) 
     - 

    Effect of exchange rate changes on cash 
     (2,490) 
     14,023 

    Net change in cash and cash equivalents 
     (54,308) 
     (427,063)

    Cash and cash equivalents, beginning balance 
     81,132  
     447,117 

    Cash and cash equivalents, ending balance 
    $26,824  
    $20,054 

NOTE 4 -
ADVANCE AND PREPAYMENTS

Prepayments consisted of the following:

SCHEDULE OF PREPAYMENTS

    March 31,  
    September 30, 

    2025  
    2024 

    Prepaid rent and building management and utilities 
    $3,041  
    $13,200 
  
    Prepaid supplies(1) 
     15,268  
     49,495 
  
    Prepaid income tax 
     5,054  
     5,226 
  
    Prepaid professional services(2) 
     3,690  
     104,742 
  
    Prepaid others 
     5,687  
     6,291 
  
    Total prepayments 
    $32,740  
    $178,954 

     28 

    (1)
     
    As of March 31, 2025 and September 30, 2024, the Company had prepaid supplies of $15,268 and $49,495, respectively. The prepayment will be recognized in cost of goods sold in its consolidated statement of operations and comprehensive loss when the corresponding deferred revenue is recognized.

    (2)

    As of September 30, 2024, the ending balance of prepaid
    professional services represented $104,742 for legal service fees for our PRC entities. The legal service fees will be amortized to
    general and administrative expenses using the straight-line method, over the service periods of October and November 2024.
     
    As of March 31, 2025, the ending balance of prepaid