Company: KPEA
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006580
Chunk: 92

Company: Kun Peng International Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 92
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3:

    Three Months Ended December 31, 

    2024  
    2023 

    Retail product sale 
    $78,457  
    $506,333 
  
    Wholesale product sale 
     -  
     1,805 
  
    Commission 
     -  
     11,046 
  
    Equipment service 
     278,062  
     8,668 
  
    Training 
     -  
     34,306 
  
    Total 
    $356,519  
    $562,158 

    Three Months Ended December 31, 

    2024  
    2023 

    Performance obligations satisfied at a point in time 
    $78,457  
    $553,490 
  
    Performance obligations satisfied over time 
     278,062  
     8,668 
  
    Total 
    $356,519  
    $562,158 

We
recognized our revenue on a gross basis, net of sub-charges and value-added tax (“VAT”) of gross sales.

Our
retail revenue primarily included the sale of consumer health care and health-related household products to our customers via our mobile
application, King Eagle Mall, which was launched in July 2020. Our wholesale revenue was derived from our new online platform, Kun Zhi
Jian, which was launched in October 2022. This new online platform focuses on promoting and selling our own brand of preventive health
care related products, such as the thermal therapy cabin, to our wholesalers.

We
have developed more revenue streams since December 2023: (i) commission revenue, generating through the Mini Program by selling health
care instruments on behalf of third parties on a commission basis; (ii) equipment service revenue, generating through providing cards
for medical consultation service online and selling prepaid cards to our customers for the use of card-operated health screening equipment
located at the Kun Zhi Jian Customer Service Center; (iii) training revenue, generating through offering training program provided by
a local health care service team; and (iv) technical service revenue, generating through promoting vendors’ products or businesses
on online platform.

We
recognized commission revenue upon the completion of delivery of the sales order to the end customer. We recognized the equipment service
revenue upon the completion of medical consultation service and consuming the prepaid cards. We recognized training revenue upon completion
of training sessions