Company: KPEA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010699
Chunk: 46

Company: Kun Peng International Ltd.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 46
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 -  
     44,622 
  
    Finance lease obligations-noncurrent portion 
     -  
     76,862 
  
    Total noncurrent liabilities 
     -  
     121,484 

    Total liabilities 
     8,598,865  
     8,465,886 

    Commitment and contingencies 
        
     - 

    Equity 

    Additional paid-in capital 
     621,184  
     389,356 
  
    Accumulated deficits 
     (6,068,359) 
     (5,466,201)
  
    Accumulated other comprehensive income 
     87,261  
     109,401 
  
    Total stockholders’ equity 
     (5,359,914) 
     (4,967,444)
  
    Non-controlling interests 
        
     118,397 

    Total equity 
     (5,359,914) 
     (4,849,047)

    Total liabilities and equity 
    $3,238,951  
    $3,616,839 

     26 

The operating results of the VIE were as follows:

    Three Months Ended March 31,   
    Six Months Ended March 31, 

    2025  
    2024  
    2025  
    2024 

    Revenue, net 
    $609,285  
    $364,508  
    $965,804  
    $926,666 
  
    Cost of revenue 
     (98,386) 
     (98,753) 
     (153,844) 
     (247,634)
  
    Gross profit 
     510,899  
     265,755  
     811,960  
     679,032 

    Operating expenses 

    General and administrative expenses 
     138,989  
     300,465  
     502,541  
     593,694 
  
    Selling expense 
     622,378  
     462,829  
     1,084,426  
     1,112,305 
  
    Total operating expenses 
     761,367  
     763,294  
     1,586,967