Company: KPEA
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006580
Chunk: 69

Company: Kun Peng International Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 69
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    Intercompany payables 
     100,424  
     13,852  
     69  
     132,278  
     (246,623) 
     - 
  
    Net cash (used in) provided by operating activities 
     -  
     (2,368) 
     55  
     (300,617) 
     (678) 
     (303,608)

     -  

    Net cash used in investing activities 
     -  
     -  
     -  
     (44,008) 
     -  
     (44,008)

    Effect of exchange rate fluctuation on cash 
    $-  
    $2,359  
    $9  
    $7,333  
    $678  
    $10,379 

The
Company consolidated its VIE as of December 31, 2024 and September 30, 2024. The carrying amounts and classification of the VIE’s
assets and liabilities included in the consolidated balance sheets are as follows:

 SCHEDULE
OF VIE CONSOLIDATED BALANCE SHEETS, OPERATING RESULTS AND CASH FLOWS

    December 31,
                                                                               2024  
    September 30,
                                                                               2024 
  
    Assets 

    Current assets 

    Cash and cash equivalents 
    $206,598  
    $81,132 
  
    Trade receivable – intercompany 
     2,415,803  
     2,316,724 
  
    Advance and prepayments 
     23,899  
     147,091 
  
    Other receivables – third parties 
     180,394  
     251,069 
  
    Inventory 
     18,138  
     15,700 
  
    Amount due from a related party 
     2,466  
     20,092 
  
    Total current assets 
     2,847,298  
     2,831,808 

    Noncurrent assets 

    Property and equipment, net 
     260,858  
     265,141 
  
    Intangible assets, net 
     76  
     - 
  
    Investment in associate held for sale 
     -  
     15,743 
  
    Operating