Company: KPEA
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006580
Chunk: 13

Company: Kun Peng International Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 2
Chunk 13
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 by Period 

    Less Than 1 Year  
    1 to 3 Years  
    3 to 5 Years  
    More Than 5 Years  
    Total 
  
    Contractual Obligations: 

    Operating lease obligations 
    $187,659  
    $-  
    $    -  
    $    -  
    $187,659 
  
    Finance lease obligations 
     172,202  
     37,170  
     -  
     -  
     172,202 
  
    Short-term borrowing 
     97,544  
     -  
     -  
     -  
     97,544 
  
    Purchase and service agreements 
     56,101  
     -  
     -  
     -  
     56,101 

    Total contractual obligations 
    $513,506  
    $37,170  
    $-  
    $-  
    $550,676 

Off-Balance
Sheet Arrangements

We
have no off-balance sheet arrangements, including arrangements that would affect our liquidity, capital resources, market risk support,
credit risk support, or other benefits.

Future
Financings

We
will continue to rely on loans from our directors and major shareholders and on equity sales of our common shares in order to continue
to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance
that we will achieve any additional sales of equity securities or arrange for debt or other financing to fund our operations and other
activities, or if we are able, there is no guarantee that existing shareholders will not be substantially diluted.

Critical
Accounting Policies

We
regularly evaluate the accounting policies and estimates that we use to make budgetary and financial statement assumptions. A complete
summary of these policies is included in the notes to our financial statements. In general, management’s estimates are based on
historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable
under the facts and circumstances. Actual results could differ from those estimates made by management.

See
Note 2 to the financial statements included herewith and Note 2 to the financial statements in the Company’s Form 10-K for the
fiscal year ended September 30,