Company: KPEA
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006580
Chunk: 73

Company: Kun Peng International Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 73
---
  
     - 
  
    Investment in subsidiary 
     (42,437) 
     - 
  
    Net cash used in investing activities 
     (53,507) 
     (44,008)

    Cash flows from financing activities 

    Capital contribution 
     111,982  
     - 
  
    Proceeds from bank borrowings 
     99,033  
     - 
  
    Payment of finance lease liabilities 
     (57,528) 
     - 
  
    Net cash provided by financing activities 
     153,487  
     - 

    Effect of exchange rate changes on cash 
     (19,199) 
     7,333 

    Net change in cash and cash equivalents 
     125,467  
     (337,292)

    Cash and cash equivalents, beginning balance 
     81,132  
     447,117 

    Cash and cash equivalents, ending balance 
    $206,599  
    $109,825 

    28

NOTE
4 - ADVANCE AND PREPAYMENTS

Prepayments
consisted of the following:

 SCHEDULE
OF PREPAYMENTS

    December 31,  
    September 30, 

    2024  
    2024 

    Prepaid rent and building management and utilities 
    $7,402  
    $13,200 
  
    Prepaid supplies(1) 
     15,931  
     49,495 
  
    Prepaid income tax 
     5,024  
     5,226 
  
    Prepaid professional services(2) 
     14,362  
     104,742 
  
    Prepaid others 
     5,512  
     6,291 
  
    Total prepayments 
    $48,231  
    $178,954 

    (1)
    As
    of December 31, 2024 and September 30, 2024, the Company had prepaid supplies of $15,931 and $49,495, respectively. The prepayment
    will be recognized in cost of goods sold in its consolidated statement of operations and comprehensive loss when the corresponding
    deferred revenue is recognized.

    (2)
    As
    of September 30, 2024, the ending balance of prepaid professional services represented $