Company: KPEA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023821
Chunk: 66

Company: Kun Peng International Ltd.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 66
---
529  
     426.3  
     776,281  
     115.5 
  
    Loss from operations 
     (435,734) 
     (404.2) 
     (284,484) 
     (42.3)
  
    Other income (expenses) 
     390,869  
     362.6  
     (1,087) 
     (0.2)
  
    Loss before income taxes 
     (44,865) 
     (41.6) 
     (285,571) 
     (42.5)
  
    Income tax expense 
     -  
     -  
     2,665  
     0.4 
  
    Net loss 
    $(44,865) 
     (41.6) 
    $(288,236) 
     (42.9)

Revenues

For
the three months ended June 30, 2025 and 2024, revenues amounted to $107,802 and $672,062, respectively. The following table presents
revenues disaggregated by customer type for the three months ended June 30, 2025 and 2024:

    Three
months ended
                                                                               June 30, 

    2025  
    2024 

    Retail 
    $21,239  
    $440,243 
  
    Equipment-based service revenue 
     86,563  
     231,819 
  
    Total 
    $107,802  
    $672,062 

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

In
addition to revenue from retail sales, we have equipment-based service revenue, generated through providing cards for online medical
consultation services and selling prepaid cards to our customers for use with card-operated health screening equipment located at
the Kun Zhi Jian Customer Service Center. We recognize equipment-based service revenue upon the completion of medical consultation
services and consuming the prepaid cards.

We
generated $564,260, or 84.0%, lower revenue for the three months ended June 30, 2025 compared to the same period in 2024 due to the
termination of two subsidiaries’ businesses, which caused both our retail and our equipment-based service revenue
to decline.

38

Cost