Company: KPEA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010699
Chunk: 63

Company: Kun Peng International Ltd.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 63
---
    2024 

    Three Months Ended March 31,  
    Six Months Ended March 31, 

    2025  
    2024  
    2025  
    2024 
  
    Cash paid for amounts included in the measurement of lease liabilities 
    $96,030  
    $44,398  
    $242,159  
    $97,071 
  
    New operating lease assets obtained in exchange for operating lease liabilities 
    $8,836  
    $44,398  
    $8,836  
    $97,071 

    Six Months Ended March 31, 

    2025  
    2024 
  
    Weighted average remaining operating lease term 
     0.83
years  
     1.02 years 
  
    Weighted average remaining finance lease term 
     1.06 years  
     - 
  
    Weighted average discount rate for operating lease 
     4.75% 
     4.30%
  
    Weighted average discount rate for finance lease 
     4.75% 
     - 

The amortization expense was $107,978 and $86,634
for the three months ended March 31, 2025 and 2024 and $235,413 and $161,713 for the six months ended March 31, 2025 and 2024, respectively.

NOTE 15 - SHORT-TERM BORROWING

SCHEDULE OF SHORT-TERM BORROWING 

    Loan period 
    Interest rate  
    March 31,
                                                                                2025  
    September 30,
                                                                                2024 
  
    China Construction Bank Co., LTD. Beijing Mentougou Branch 
    December 19, 2024 to December 19, 2025  
     3.86% 
    $98,116  
    $- 
  
    Short-term borrowing 

    $98,116  
    $- 

The loans were guaranteed by a shareholder.

NOTE 16 - COMMITMENTS AND CONTINGENCIES

Purchase and service commitments

We entered into multiple purchase
and service commitments. As of March 31, 2025 and September 30, 2024, we had purchase and service commitments in an amount of $502 and
$4,987, respectively.

NOTE 17 - SUBSEQUENT