Company: KPEA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023821
Chunk: 69

Company: Kun Peng International Ltd.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 69
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344  
     19,622 
  
    Others 
     716  
     2,124 
  
    Total 
    $231,403  
    $353,669 

Selling
expenses

For
the three months ended June 30, 2025 and 2024, our selling expenses were $228,126 and $422,612, respectively. The $194,486 decrease in
selling expenses for the three months ended June 30, 2025 was primarily driven by a decrease in service agent costs of $125,595, a decrease
in office supplies and meetings of $42,956 and a decrease in depreciation and amortization of $16,783. These expenses declined as a result
of the decrease in revenue and the termination of the businesses of two subsidiaries during the three months ended June 30, 2025.

Our
selling expenses included the following:

    Three
Months Ended
                                                                               June 30, 

    2025  
    2024 
  
    Service agents 
    $133,931  
    $259,526 
  
    Employee compensation and benefits 
     66,592  
     70,412 
  
    Office supplies and meetings 
     5,844  
     48,800 
  
    Travel, transportation, and gasoline 
     4,149  
     10,171 
  
    Meals and entertainment 
     593  
     573 
  
    Depreciation and amortization 
     16,196  
     32,979 
  
    Advertising 
     821  
     151 
  
    Total 
    $228,126  
    $422,612 

Other
income (expenses)

Other
income (expenses) primarily consisted of bank interest income and expense, share of profit from investment in associate, loss from
investment, and foreign exchange gain or loss. Our other income for the three months ended June 30, 2025 was $390,869 and other
expense for the three months ended June 30, 2024 was $1,087. We recognized $2,060 loss from share of profit from investment in
associate, King Eagle (Hangzhou), as well as $466,322 other income and $73,393 other expense by the liquidation of assets and liabilities during the deregistration process for two subsidiaries, King
Eagle (Huai’an) and Kun Zhi