Company: KPEA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010699
Chunk: 95

Company: Kun Peng International Ltd.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 95
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1.4 
  
    Net loss 
    $(843,884) 
     (87.4) 
    $(1,131,821) 
     (122.1)

 42 

Revenues

For
the six months ended March 31, 2025 and 2024, revenues amounted to $965,804 and $926,666, respectively.

The following tables present disaggregated
revenues for the six months ended March 31, 2025 and 2024:

    Six Months Ended March 31, 

    2025  
    2024 

    Retail 
    $231,128  
    $543,451 
  
    Wholesale 
     -  
     2,164 
  
    Equipment-based service revenue 
     734,676  
     307,687 
  
    Technical service revenue 
     -  
     36,018 
  
    Commission revenue 
     -  
     2,953 
  
    Training revenue 
     -  
     34,393 
  
    Total 
    $965,804  
    $926,666 

We recognize our revenue on a gross
basis, net of sub-charges and value-added tax (“VAT”) on gross sales.

In addition to
revenue from retail and wholesale sales, we have developed the following sources of revenue: (i) equipment-based service revenue,
generated through providing cards for online medical consultation services and selling prepaid cards to our customers for the
use of card-operated health screening equipment located at the Kun Zhi Jian Customer Service Center; (ii) technical service revenue,
generated through promoting vendors’ products or businesses on our online platform; (iii) commission revenue, generated
through the Mini Program by selling health care instruments on behalf of third parties on a commission basis; and (iv) training
revenue, generated through offering training programs provided by a local health care service team.

We recognize equipment-based service
revenue upon the completion of medical consultation services and consuming the prepaid cards. We recognize technical service revenue upon
the completion of promoting vendors’ products or businesses on our platform. We recognize commission revenue upon the completion
of delivery of the sales order to the end customer. We recognize training revenue upon the completion of training sessions by our customers.

We generated
$39,138, or 4.2%, higher revenue during the six months ended March 31, 2025