Company: KPEA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023821
Chunk: 50

Company: Kun Peng International Ltd.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 50
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 PROPERTY AND EQUIPMENT, NET

Property
and equipment consisted of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT

    June 30,  
    September 30, 

    2025  
    2024 

    Leasehold improvements 
    $128,968  
    $199,563 
  
    Furniture and fixtures 
     1,227  
     4,755 
  
    Computer equipment 
     294,389  
     291,386 
  
    Office equipment 
     1,470  
     5,822 
  
    Subtotal 
     426,054  
     501,526 
  
    Less: accumulated depreciation 
     (266,070) 
     (209,328)
  
    Total property and equipment, net 
    $159,984  
    $292,198 

Depreciation
expense was $26,689 and $21,156 for the three months ended and $115,119 and $54,965 for the nine months ended June 30, 2025 and 2024,
respectively.

    29

NOTE
8 - INTANGIBLE ASSETS

SCHEDULE OF INTANGIBLE ASSET

    June 30,  
    September 30, 

    2025  
    2024 

    Trademarks 
    $3,743  
    $3,692 
  
    Subtotal 
     3,743  
     3,692 
  
    Less: accumulated amortization 
     (1,408) 
     (1,144)
  
    Total intangible assets, net 
    $2,335  
    $2,548 

Intangible
assets consist of the Company’s trademarks of King Eagle Mall with a useful life of ten years. Approximately $1,064, $1,368, $558,
$36, $506, $84 and $126 will expire in July 2031, April 2031, April 2032, September 2032, October 2032, March 2033 and February 2034,
respectively.

Amortization
expense was $94 and $89 for the three months ended and $289 and $269 for the nine months ended June 30, 2025 and 2024, respectively.

NOTE 9 -
TRADE AND OTHER PAYABLES

Trade
and other pay