Company: KPEA
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006580
Chunk: 86

Company: Kun Peng International Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 86
---
ities
of operating lease and finance lease liabilities as of September 30, 2024, were as follows:

    Maturity
    of Lease Liabilities
     
    Operating
    lease

    Finance
    lease

    2025
     
    $
    244,243

    $
    205,103

    2026

    44,887

    77,848

    Thereafter

    -

    -

    Total
    lease payments

    289,130

    282,951

    Less:
    Interest

    (5,529
    )

    (9,210
    )
  
    Present
    value of lease payments
     
    $
    283,601

    $
    273,741

Supplemental
information related to operating leases and finance leases was as follows:

 SCHEDULE
OF OPERATING LEASES AND FINANCE LEASES

    2024  
    2023 

    Three Months Ended December 31, 

    2024  
    2023 
  
    Cash paid for amounts included in the measurement of lease liabilities 
    $146,129  
    $83,160 
  
    Weighted average remaining operating lease term 
     1.11 year  
     1.3 years 
  
    Weighted average remaining finance lease term 
     1.31 year  
     - 
  
    Weighted average discount rate for operating lease 
     4.64% 
     4.30%
  
    Weighted average discount rate for finance lease 
     4.75% 
     - 

Amortization
expense was $127,435 and $79,962 for the three months ended December 31, 2024 and 2023, respectively.

NOTE
15 - SHORT-TERM BORROWING

SCHEDULE OF SHORT-TERM BORROWING 

    Loan period 
    Interest rate 
    December 31, 2024 
    September 30, 2024
  
    China Construction Bank Co., LTD. Beijing Mentougou Branch 
    December 19, 2024 
                                                                    to December 19, 2025 
     3.86% 
    $97,544  
    $           - 
  
    Short-term borrowing 

    $97,544  
    $- 

The
lo