Company: KPEA
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006580
Chunk: 8

Company: Kun Peng International Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 2
Chunk 8
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    Meals and entertainment 
     11,930  
     53,855 
  
    Depreciation and amortization 
     22,850

     11,958 
  
    Others 
     12,372

     16,733 
  
    Total 
    $652,433  
    $547,819 

The
increase in general and administrative expenses during the three month period ended December 31, 2024 by $104,614 was triggered by
increases in employee compensation and benefits of $49,445 and professional service fees of $129,500, and offset by decreases in
meals and entertainment of $41,925 and in travel, transportation, and gasoline of $36,407. The increase in employee compensation and
benefits was due to more subsidiaries operating during the three months ended December 31, 2024. The increase in professional
service fees resulted from more outsourcing, which also resulted in decreased in-house expenditures for travel, transportation, and
gasoline and for meals and entertainment.

Selling
expense

Selling
expenses for the three months ended December 31, 2024 and 2023 were $346,489 and $431,988, respectively. Our selling expenses for the
three months ended December 31, 2024 and 2023 were comprised of the following:

    Three Months Ended December 31, 

    2024  
    2023 
  
    Service agents 
    $161,184  
     308,607 
  
    Employee compensation and benefit 
     74,949  
     67,472 
  
    Rental for equipment 
     54,950  
     - 
  
    Office supplies and meeting 
     23,125  
     35,958 
  
    Travel, transportation and gasoline 
     5,543  
     15,265 
  
    Meals and entertainment 
     1,505  
     3,290 
  
    Depreciation and amortization 
     17,255  
     299 
  
    Advertising 
     7,978  
     1,097 
  
    Total 
    $346,489  
     431,988 

The
decrease in selling expenses for the three months ended December 31, 2024 was primarily driven by a decrease in service agent fees
of $147,423, offset by an increase