Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 105

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 3
Chunk 105
---
612) 
     (763,453)
  
    Payroll payable 
     53,055  
     34,377 
  
    Amounts due to related parties 
     5,229,075  
     1,094,095 
  
    Tax payable 
     (68,559) 
     145,004 
  
    Operating lease liabilities 
     (101,431) 
     (90,493)
  
    Net cash provided by (used in) operating activities 
     23,462 
     (440,107)

    Cash flows from investing activities: 

    Purchase of property, plant and equipment 
     (320,498) 
     - 
  
    Long-term investment on stocks 
     (28,500) 
     - 
  
    Investment in subsidiary 
     (205,873) 
     - 
  
    Net cash used in operating activities 
     (554,861) 
     - 

    Cash flows from financing activities 

    Capital contribution 
     275,265  
     644,803 
  
    Payment of finance lease liabilities  
     (125,291) 
     - 
  
    Net cash provided by financing activities 
     149,974  
     644,803 

    Effect of exchange rate changes on cash 
     15,440  
     (13,115)

    Net decrease in cash and cash equivalents 
     (365,985) 
     191,581 

    Cash and cash equivalents, beginning balance 
     447,117  
     255,536 

    Cash and cash equivalents, ending balance 
    $81,132  
    $447,117 

    F-35

NOTE
4 - ADVANCE AND PREPAYMENTS

Prepayments
consisted of the following:

SCHEDULE OF PREPAYMENTS

    2024  
    2023 

    September 30, 

    2024  
    2023 
  
    Prepaid rent and building management and utilities 
    $13,200  
    $19,211 
  
    Prepaid supplies(1) 
     49,495  
     32,195 
  
    Prepaid income tax 
     5,226  
     5,027 
  
    Prepaid professional services(2)