Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 264

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 8
Chunk 264
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 $(5,803,162) 
    $426,741  
    $(4,738,620) 
    $(281,001) 
    $(5,019,621)

*
Outstanding and issued shares retrospectively reflected the forward stock split 10:1 effected on October 18, 2022

The
accompanying notes are an integral part of these audited consolidated financial statements

F-5

KUN
PENG INTERNATIONAL LTD.

CONSOLIDATED
STATEMENTS OF CASH FLOWS

    2024  
    2023 

    September 30, 

    2024  
    2023 
  
    Cash flows from operating activities 

    Net loss 
    $(1,991,747) 
    $(2,149,213)
  
    Adjustments to reconcile net loss to net cash (used in) provided by operating activities 

    Depreciation and amortization 
     109,709  
     60,528 
  
    Amortization of right-of-use assets 
     373,760  
     326,255 
  
    Impairment losses 
     8,412  
     318,999 
  
    Loss on investment of cooperative enterprise 
     12,426  
     - 
  
    Changes in operating assets and liabilities 

    Advance and prepayments 
     (105,875) 
     199,130 
  
    Other receivables 
     (241,285) 
     42,582 
  
    Trade receivable 
     62  
     - 
  
    Security deposits 
     26,836  
     - 
  
    Inventory 
     93,335  
     (110,954)
  
    Trade and other payables 
     (1,722,045) 
     671,836 
  
    Deferred revenue 
     (1,607,612) 
     (763,453)
  
    Payroll payable 
     52,730  
     11,474 
  
    Amount due to related parties 
     5,298,478  
     1,094,095 
  
    Tax payable 
     (67,936) 
     142,950 
  
    Lease liabilities obligations 
     (221,368) 
     (271,259)
  
    Net cash provided by (