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

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 3
Chunk 10
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 and $3,917,335, respectively. We recognize our revenue on
a gross basis, net of sub-charges and value-added tax (“VAT”) on gross sales.

The
following table presents revenues disaggregated by customer type for the years ended September 30, 2024 and 2023:

    For the years ended September 30, 

    2024  
    2023 

    Retail 
    $1,373,016  
    $122,712 
  
    Wholesale 
     2,164  
     3,794,623 
  
    Equipment service revenue 
     630,177  
     - 
  
    Technical service revenue 
     36,027  
     - 
  
    Commission revenue 
     2,954  
     - 
  
    Training revenue 
     34,403  
     - 
  
    Total 
    $2,078,741  
    $3,917,335 

We
recogized the revenue of retail and wholesales upon completion of delivery to the customers. Our retail revenue primarily included:
(i) the sale of consumer health care and health-related household products to our customers via our online platform, 
King Eagle Mall, Kun Zhi Jian and Kun Zhi Jian Mini program, 
which was launched in July 2020, October 2022 and November 2023 respectively;
(ii) the sales of prepaid cards for medical consultation and usage of card-operated health screening equipments in customer service center
and online.

Our
wholesale revenue was derived from our online platform, Kun Zhi Jian, which was launched in October 2022. Besides selling retail
products, this online platform also 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 for the year ended September 30, 2024: (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
re