Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 440

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 440
---
  
    Total equity 
     (959,999) 
     (1,361,668) 
     (962) 
     (4,849,047) 
     (17,042) 
     (7,188,718)
  
    Total liabilities and equity 
    $34,160  
    $710,173  
    $71  
    $3,616,839  
    $(2,882,057) 
    $1,479,186 

    (1)
    Intercompany
    receivables from non-VIE entities, WFOE, and parent entity and intercompany payables to VIE represent loans to non-VIE entities,
    WFOE, and parent entity for working capital purposes.

    (2)
    Intercompany
    receivables from the parent entity represent loans from King Eagle (China) to the parent entity for working capital purposes.

    (3)
    Intercompany
    payables to King Eagle (China) and VIE represent loans from VIE to the parent entity for working capital purposes.

22

As
of September 30, 2023

    Parent Only  
    Non-VIE and  Non-WFOE Subsidiaries Consolidated  
    WFOE  
    VIE and VIE’s  Subsidiaries Consolidated  
    Elimination Entries and Reclassification Entries  
    Consolidated 
  
    Cash and cash equivalent 
    $-  
    $10,457  
    $6  
    $447,117  
    $-  
    $457,580 
  
    Intercompany receivables-current 
     -  
     494,197(2) 
     -  
     2,119,294(1) 
     (2,613,491) 
     - 
  
    Total current assets 
     -  
     541,004  
     6  
     2,734,428  
     (2,613,491) 
     661,947 
  
    Intercompany receivables-noncurrent 
     -  
     4  
     -  
     -  
     (4) 
     - 
  
    Total non-current assets 
     34,160  
     472,359  
     -