Company: KPEA
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006580
Chunk: 70

Company: Kun Peng International Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 70
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 lease right-of-use assets 
     147,869  
     504,147 
  
    Finance lease right-of-use assets 
     250,914  
     - 
  
    Total noncurrent assets 
     659,717  
     785,031 
  
    Total assets 
    $3,507,015  
    $3,616,839 

    Liabilities 

    Current liabilities 

    Short-term borrowing 
     97,544  
     - 
  
    Trade payables 
    $1,953,544  
    $1,952,026 
  
    Other payables and accrual 
     1,204,182  
     1,194,683 
  
    Deferred revenue 
     593,992  
     584,116 
  
    Intercompany payables 
     92,490  
     51,757 
  
    Payroll payable 
     128,369  
     93,391 
  
    Tax payable 
     110,679  
     119,291 
  
    Amounts due to related parties 
     4,040,215  
     3,998,164 
  
    Operating lease obligations-current portion 
     146,633  
     154,095 
  
    Finance lease obligations-current portion 
     172,202  
     196,879 
  
    Total current liabilities 
     8,539,850  
     8,344,402 

    Noncurrent liabilities 

    Operating lease obligations-noncurrent portion 
     -  
     44,622 
  
    Finance lease obligations-noncurrent portion 
     37,170  
     76,862 
  
    Total noncurrent liabilities 
     37,170  
     121,484 

    Total liabilities 
     8,577,020  
     8,465,886 

    Commitment and contingencies 
        
     - 

    Equity 

    Additional paid-in capital 
     762,956  
     389,356 
  
    Accumulated deficits 
     (5,939,805) 
     (5,466,201)
  
    Accumulated other comprehensive income 
     115,981  
     109,401 
  
    Total stockholders’ equity 
     (5,060