Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 394

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 8
Chunk 394
---
291  
     180,505 
  
    Amounts due to related parties 
     3,998,164  
     1,318,120 
  
    Operating lease obligations-current portion 
     154,095  
     85,446 
  
    Finance lease obligations-current portion 
     196,879  
     - 
  
    Total current liabilities 
     8,344,402  
     5,880,979 

    Noncurrent liabilities 

    Operating lease obligations-net of current portion 
     44,622  
     35,381 
  
    Finance lease obligations-net of current portion 
     76,862  
     - 
  
    Total noncurrent liabilities 
     121,484  
     35,381 

    Total liabilities 
     8,465,886  
     5,916,360 

    Commitment and contingencies 
     -  
     - 

     -  
     - 
  
    Equity 

    Additional paid-in capital 
     389,356  
     637,801 
  
    Accumulated deficits 
     (5,466,201) 
     (3,788,510)
  
    Accumulated other comprehensive income 
     109,401  
     255,314 
  
    Total stockholders’ equity 
     (4,967,444) 
     (2,895,395)
  
    Non-controlling interests 
     118,397 
     (158,863)

    Total equity 
     (4,849,047) 
     (3,054,258)

    Total liabilities and equity 
    $3,616,839  
    $2,862,102 

    F-33

The
operating results of the VIE were as follows:

    2024  
    2023 

    For the years ended September 30, 

    2024  
    2023 
  
    Revenue, net 
    $2,078,741  
    $3,917,335 
  
    Cost of revenue 
     (584,260) 
     (431,436)
  
    Gross profit 
     1,494,481  
     3,485,899 

    Operating expenses 

    General and administrative expenses