Company: KPEA
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006580
Chunk: 71

Company: Kun Peng International Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 71
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,868) 
     (4,967,444)
  
    Non-controlling interests 
     (9,137) 
     118,397 

    Total equity 
     (5,070,005) 
     (4,849,047)

    Total liabilities and equity 
    $3,507,015  
    $3,616,839 

    26

The
operating results of the VIE were as follows:

    2024  
    2023 

    Three Months Ended December 31, 

    2024  
    2023 

    Revenue, net 
    $356,519  
    $562,158 
  
    Cost of revenue 
     (55,458) 
     (148,881)
  
    Gross profit 
     301,061  
     413,277 

    Operating expenses 

    General and administrative expenses 
     363,552  
     293,229 
  
    Selling expense 
     462,048  
     649,477 
  
    Total operating expenses 
     825,600  
     942,706 

    Loss from operations 
     (524,539) 
     (529,429)

    Other income: 

    Interest income 
     10  
     354 
  
    Other income 
     45,397  
     31,811 
  
    Total other income, net 
     45,407  
     32,165 

    Loss before income taxes 
     (479,132) 
     (497,264)

    Income tax expense 
     -  
     - 

    Net loss 
     (479,132) 
     (497,264)
  
    Less: Net loss attributable to non-controlling interest 
     (5,529) 
     (13,872)
  
    Net loss attributable to Kun Peng International Ltd 
    $(473,603) 
    $(483,392)

    27

The
cash flows of the VIE were as follows:

    2024  
    2023 

    Three Months Ended December 31, 

    2024  
    2023 

    Cash flows from operating activities 

    Net loss 
    $(479,133) 
    $(497,