Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 118

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 3
Chunk 118
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2024, were as follow:

SCHEDULE
OF MATURITY OF  LEASE LIABILITIES

    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 

    F-44

Maturities
of operating lease liabilities as of September 30, 2023, were as follow:

    Maturity of Lease Liabilities 
    Operating Leases 
  
    2024 
    $331,190 

    2025 
     97,074 
  
    Thereafter 
     - 
  
    Total lease payments 
    $428,264 
  
    Less: interest 
     (13,935)
  
    Present value of lease payments 
    $414,329 

Supplemental
information related to operating leases was as follows:

SCHEDULE OF OPERATING LEASES 

    2024  
    2023 

    September 30 

    2024  
    2023 
  
    Cash paid for amounts included in the measurement of lease liabilities 
    $346,659  
    $271,259 
  
    New operating lease assets obtained in exchange for operating lease liabilities 
    $561,527  
    $113,012 
  
    Weighted average remaining operating lease term 
     1.18 year  
     1.47 year 
  
    Weighted average remaining finance lease term 
     1.56 year  
     - 
  
    Weighted average discount rate for operating lease 
     4.60% 
     4.31%
  
    Weighted average discount rate for finance lease 
     4.75% 
     - 

The
amortization expense was $ 373,760 and $326,255 for the years ended September 30, 2024 and 2023, respectively.

NOTE
14 - Goodwill

The changes in the carrying