Company: KPEA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010699
Chunk: 76

Company: Kun Peng International Ltd.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 76
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 same period in 2024 was primarily due to a decrease of $111,229 in general and administrative expenses, which was offset by an increase of $107,183 in selling expenses.

General and administrative expenses

General and administrative expenses for the six months ended March 31,
2025 and 2024 were $965,047 and $1,076,276, respectively. The decrease in general and administrative expenses during the six months ended
March 31, 2025 by $111,229 was due to decreases in meals and entertainment
of $116,387 and in travel, transportation, and gasoline of $38,567, offset by an increase in professional service fees of $42,116. The increase in professional service fees resulted from more outsourcing,
which also resulted in decreased in-house expenditures for travel, transportation, and gasoline and for meals and entertainment.

 44 

Our general and administrative
expenses for the six months ended March 31, 2025 and 2024 were comprised of the following:

    Six Months Ended March 31, 

    2025  
    2024 
  
    Employee compensation and benefits 
    $352,280  
    $324,254 
  
    Office rent and building management 
     149,792  
     182,523 
  
    Office supplies and meetings 
     6,387  
     21,567 
  
    Professional services fees 
     334,081  
     291,915 
  
    Travel, transportation, and gasoline 
     35,262  
     73,829 
  
    Meals and entertainment 
     15,655  
     132,042 
  
    Depreciation and amortization 
     44,952  
     31,727 
  
    Others 
     26,638  
     18,419 
  
    Total 
    $965,047  
    $1,076,276 

Selling expense

Our selling
expenses for the six months ended March 31, 2025 and 2024, were $859,397 and $752,214, respectively. The $107,183 increase was
primarily due to an increase in rental for equipment of $101,387 and an increase in depreciation and amortization of $33,683. During
the six months ended March 31, 2025, we rented and bought several pieces of health care equipment for promotional activities to