Company: KPEA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010699
Chunk: 70

Company: Kun Peng International Ltd.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 70
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87,334
and decreases in meals and entertainment of $74,462. These expenses declined as a result of our disposal of a subsidiary during the three months ended March 31, 2025.

 40 

Our general and administrative
expenses for the three months ended March 31, 2025 and 2024 were comprised of the following:

    Three Months Ended March 31, 

    2025  
    2024 
  
    Employee compensation and benefits 
    $139,257  
    $160,676 
  
    Office rent and building management 
     51,185  
     91,087 
  
    Office supplies and meetings 
     2,315  
     7,794 
  
    Professional service fees 
     54,686  
     142,020 
  
    Travel, transportation, and gasoline 
     25,078  
     27,238 
  
    Meals and entertainment 
     3,725  
     78,187 
  
    Depreciation and amortization 
     21,999  
     19,769 
  
    Others 
     14,369  
     1,686 
  
    Total 
    $312,614  
    $528,457 

Selling expenses

For the three
months ended March 31, 2025 and 2024, our selling expenses were $512,908 and $320,226, respectively. The $192,682 increase in
selling expenses for the three months ended March 31, 2025 was primarily driven by an increase in service agent costs of $148,071 and an
increase in rental for equipment of $46,437. During the three months ended March 31, 2025, we launched more promotional activities
with service agents to increase our retail business and rented several pieces of health care equipment for promotional activities to develop our
equipment-based services business.

Our selling expenses for the three
months ended March 31, 2025 and 2024 were comprised of the following:

    Three Months Ended March 31, 

    2025  
    2024 
  
    Service agents 
    $333,816  
    $185,745 
  
    Employee compensation and benefits 
     71,517  
     69,008 
  
    Rental for equipment 
     46,437  
     -