Company: KPEA
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006580
Chunk: 81

Company: Kun Peng International Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 81
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SCHEDULE
OF DISAGGREGATED REVENUES AND COST OF GOODS SOLD

    2024  
    2023 

    Three Months Ended December 31, 

    2024  
    2023 

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

    2024  
    2023 

    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 
  
    Revenue 
    $356,519  
    $562,158 

Cost
of revenue:

We
disaggregated our cost of revenue for the three months ended December 31, 2024 and 2023 as follows:

    2024  
    2023 

    Three Months Ended December 31, 

    2024  
    2023 

    Retail 
    $12,087  
    $123,135 
  
    Wholesale 
     -  
     919 
  
    Equipment service fees 
     43,596  
     4,987 
  
    Training fees 
     -  
     20,306 
  
    Total 
    $55,683  
    $149,347 
  
    Cost of revenue 
    $55,683  
    $149,347 

NOTE
13- INCOME TAXES

The
Company accounts for income taxes pursuant to the accounting standards that require the recognition of deferred tax assets and liabilities
for both the expected impact of differences between the financial statements and the tax basis of assets and liabilities, and for the
expected future tax benefit to be derived from tax losses and tax credit carryforwards. Additionally, the accounting