Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 637

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 637
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3 

    September 30, 

    2024  
    2023 

    Leasehold improvements 
    $199,563  
    $124,161 
  
    Furniture and fixtures 
     4,755  
     1,205 
  
    Computer equipment 
     291,386  
     39,110 
  
    Office equipment 
     5,822  
     1,442 
  
    Subtotal 
     501,526  
     165,919 
  
    Property and equipment, gross 
     501,526  
     165,919 

    Less: accumulated depreciation 
     (209,328) 
     (93,367)
  
    Total property and equipment, net 
    $292,198  
    $72,552 

Depreciation
expense was $109,349 and $60,165 for the years ended September 30, 2024 and 2023, respectively.

NOTE
8 - INTANGIBLE ASSETS

SCHEDULE OF INTANGIBLE ASSET

    2024  
    2023 

    September 30, 

    2024  
    2023 

    Trademarks 
    $3,692  
    $3,551 
  
    Subtotal 
     3,692  
     3,551 
  
    Less: accumulated amortization 
     (1,144) 
     (745)
  
    Total intangible assets, net 
    $2,548  
    $2,806 

Intangible
assets consist of the Company’s trademarks of King Eagle Mall with a useful life of ten
years. Approximately $1,087, $1,397, $570,
$36, $516 and $86 will expire in July 2031, April 2031, April 2032, September 2032, October 2032 and October 2033,
respectively.

Amortization
expense was $360 and $363 for the years ended September 30, 2024 and 2023, respectively.

    F-37

NOTE
9 - DEFERRED REVENUE

SCHEDULE
OF DEFERRED REVENUE

    2024  
    2023 

    September 30, 

    2024  
    2023