Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 633

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 633
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     (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 
     995,430  
     1,308,648 
  
    Selling expense 
     2,206,065  
     4,067,554 
  
    Total operating expenses 
     3,201,495  
     5,376,202 

    Loss from operations 
     (1,707,014) 
     (1,890,303)

    Other income: 

    Interest income 
     426  
     990 
  
    Other income 
     11,074  
     99,408 
  
    Total other income, net 
     11,500  
     100,398 

    Loss before income taxes 
     (1,695,514) 
     (1,789,905)

    Income tax expense 
     2,487  
     - 

    Net loss 
     (1,698,001) 
     (1,789,905)
  
    Less: Net loss attributable to non-controlling interest 
     (20,309) 
     (47)
  
    Net loss attributable to Kun Peng International Ltd 
    $(1,677,692) 
    $(