Company: KPEA
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006580
Chunk: 75

Company: Kun Peng International Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 75
---
NOTE
7 - PROPERTY AND EQUIPMENT, NET

Property
and equipment consisted of the following:

 SCHEDULE
OF PROPERTY AND EQUIPMENT

    December 31,  
    September 30, 

    2024  
    2024 

    Leasehold improvements 
    $198,711  
    $199,563 
  
    Furniture and fixtures 
     6,961  
     4,755 
  
    Computer equipment 
     308,136  
     291,386 
  
    Office equipment 
     6,591  
     5,822 
  
    Subtotal 
     520,399  
     501,526 
  
    Property and equipment, gross 
     520,399  
     501,526 

    Less: accumulated depreciation 
     (244,831) 
     (209,328)
  
    Total property and equipment, net 
    $275,568  
    $292,198 

Depreciation
expense was $44,246 and $12,586 for the three months ended December 31, 2024 and 2023, respectively.

NOTE
8 - INTANGIBLE ASSETS

 SCHEDULE
OF INTANGIBLE ASSET

    December 31,  
    September 30, 

    2024  
    2024 

    Trademarks 
    $3,629  
    $3,692 
  
    Subtotal 
     3,629  
     3,692 
  
    Less: accumulated amortization 
     (1,192) 
     (1,144)
  
    Total intangible assets, net 
    $2,437  
    $2,548 

Intangible
assets consist of the Company’s trademarks of King Eagle Mall with a useful life of ten years. Approximately $1,045, $1,343, $548,
$35, $46, $83 and $79 will expire in July 2031, April 2031, April 2032, September 2032, October 2032, March 2033 and August 2034, respectively.

Amortization
expense was $93 and $90 for the three months ended December 31, 2024 and 2023, respectively.

    30

NOTE
9 - DEFERRED REVENUE

 SCHEDULE
OF