Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 758

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1A
Chunk 758
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 Total liabilities and equity 
      
    $1,479,186  
    $1,261,976 

*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-3

KUN PENG INTERNATIONAL LTD.

CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

    Years ended September 30 

    Note 
    2024  
    2023 

    Revenue, net 
      
    $2,078,741  
    $3,917,335 
  
    Cost of revenue 
      
     (605,638) 
     (433,221)
  
    Gross profit 
      
     1,473,103  
     3,484,114 

    Operating expenses 

    General and administrative expenses 
      
     1,818,877  
     2,416,372 
  
    Selling expense 
      
     1,655,024  
     3,316,631 
  
    Total operating expenses 
      
     3,473,901  
     5,733,003 

    Loss from operations 
      
     (2,000,798) 
     (2,248,889)

    Other income, net: 

    Other income 
      
     31,925  
     99,676 
  
    Less: Interest expense for finance lease 
      
     (6,253) 
     - 
  
    Investment loss on associate 
      
     (12,426) 
     - 
  
    Other expense 
      
     (1,708) 
     - 
  
    Total other income, net 
      
     11,538  
     99,676 

    Loss before income taxes 
      
     (1,989,260) 
     (2,149,213)

    Income tax expense 
    12 
     2,487  
     - 

    Net loss 
      
     (1,991,747) 
     (2,149,213)
  
    Less: Net loss attributable to non