Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 172

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 6
Chunk 172
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11 
     349,356  
     597,801 
  
    Accumulated deficits 
      
     (7,774,600) 
     (5,803,162)
  
    Accumulated other comprehensive income 
      
     200,368  
     426,741 
  
    Total stockholders’ equity 
      
     (7,184,876) 
     (4,738,620)

    Non-controlling interests 
      
     (3,842) 
     (281,001)
  
    Total equity 
      
     (7,188,718) 
     (5,019,621)

    Total liabilities and equity 
      
    $1,479,186  
    $1,261,976 

*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-3

KUN PENG INTERNATIONAL LTD.

CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

    Years ended September 30 

    Note 
    2024  
    2023 

    Revenue, net 
      
    $2,078,741  
    $3,917,335 
  
    Cost of revenue 
      
     (605,638) 
     (433,221)
  
    Gross profit 
      
     1,473,103  
     3,484,114 

    Operating expenses 

    General and administrative expenses 
      
     1,818,877  
     2,416,372 
  
    Selling expense 
      
     1,655,024  
     3,316,631 
  
    Total operating expenses 
      
     3,473,901  
     5,733,003 

    Loss from operations 
      
     (2,000,798) 
     (2,248,889)

    Other income, net: 

    Other income 
      
     31,925  
     99,676 
  
    Less: Interest expense for finance lease 
      
     (6,253) 
     -