Company: KPEA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023821
Chunk: 97

Company: Kun Peng International Ltd.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 97
---
, 2025.

43

Our
general and administrative expenses for the nine months ended June 30, 2025 and 2024 were comprised of the following:

    Nine
Months Ended
                                                                               June 30, 

    2025  
    2024 
  
    Employee compensation and benefits 
    $482,682  
    $460,704 
  
    Office rent and building management 
     160,349  
     261,108 
  
    Office supplies and meetings 
     8,155  
     26,465 
  
    Professional services fees 
     389,749  
     369,431 
  
    Travel, transportation, and gasoline 
     56,239  
     97,875 
  
    Meals and entertainment 
     21,626  
     142,640 
  
    Depreciation and amortization 
     50,296  
     51,349 
  
    Others 
     27,354  
     20,373 
  
    Total 
    $1,196,450  
    $1,429,945 

Selling
expenses

Our selling expenses for the
nine months ended June 30, 2025 and 2024, were $993,742 and $1,174,826, respectively. The $181,084 decrease was primarily due to a
decrease in service agent costs of $124,946 and a decrease in office supplies and meetings of $78,687, which were offset by an
increase in depreciation and amortization of $16,900. Service agent costs and expenses for office supplies and meetings declined as a
result of the deregistration of two subsidiaries, whereas we bought several pieces of health care equipment for
promotional activities to develop our equipment-based business during the nine months ended June 30, 2025.

Our
selling expenses included the following:

    Nine
Months Ended
                                                           June 30, 

    2025  
    2024 
  
    Service agents 
    $628,932  
    $753,878 
  
    Employee compensation and benefits 
     213,058  
     206,892 
  
    Rental for sales stores 
     7,605  
     - 
  
    Office supplies and meetings 
     59,953  
     138,640 
  
    Travel, transportation, and gasoline