Company: KPEA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010699
Chunk: 90

Company: Kun Peng International Ltd.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 90
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 2025 and 2024 as follows:

    Three months ended March 31, 

    2025  
    2024 

    Retail 
    $21,049  
    $9,149 
  
    Wholesale 
     -  
     233 
  
    Equipment-based service revenue 
     77,556  
     90,023 
  
    Technical service revenue 
     -  
     - 
  
    Commission revenue 
     -  
     - 
  
    Training revenue 
     -  
     51 
  
    Total 
    $98,605  
    $99,456 

Our cost of revenue for the three
months ended March 31, 2025 was $98,605, a $851, or 0.9%, decrease over our cost of revenue of for the three months ended March 31, 2024
of $99,456. Our cost of revenue primarily consisted of consumer health care and health related household products from our suppliers,
payments related to maintaining health screening equipment, and training fees to our third-party trainers. We made our retail product
sales through our King Eagle Mall and our Kun Zhi Jian Mini Program. We also offered equipment-based services through the Kun Zhi Jian Mini Program.
We pay an equipment service fee that includes a prepaid card activation fee and a technical support fee. Our costs of training revenue
consist of training fees, accommodations, and transportation of the third-party trainers.

During the three
months ended March 31, 2025, our cost of retail grew in line with our increase in revenue, whereas our cost for equipment-based
services decreased slightly as a result of our having optimized our service process and having strengthened our cost control.

 39 

Gross profit

    Three months ended March 31, 

    2025  
    2024 

    Retail 
    $131,622  
    $27,969 
  
    Wholesale 
     -  
     126 
  
    Equipment-based service revenue 
     379,058  
     208,996 
  
    Technical service revenue 
     -  
     36,018 
  
    Commission revenue 
     -  
     (8,093)
  
    Training revenue 
     -  
     36 
  
    Total 
    $510,680  
    $265,052