Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 395

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 8
Chunk 395
---
 995,430  
     1,308,648 
  
    Selling expense 
     2,206,065  
     4,067,554 
  
    Total operating expenses 
     3,201,495  
     5,376,202 

    Loss from operations 
     (1,707,014) 
     (1,890,303)

    Other income: 

    Interest income 
     426  
     990 
  
    Other income 
     11,074  
     99,408 
  
    Total other income, net 
     11,500  
     100,398 

    Loss before income taxes 
     (1,695,514) 
     (1,789,905)

    Income tax expense 
     2,487  
     - 

    Net loss 
     (1,698,001) 
     (1,789,905)
  
    Less: Net loss attributable to non-controlling interest 
     (20,309) 
     (47)
  
    Net loss attributable to Kun Peng International Ltd 
    $(1,677,692) 
    $(1,789,858)

    F-34

The
cash flows of the VIE were as follows:

    2024  
    2023 

    For the years ended September 30, 

    2024  
    2023 
  
    Cash flows from operating activities 

    Net loss 
    $(1,698,001) 
    $(1,789,905)

    Adjustments to reconcile net loss to net cash provided by (used in) operating activities 

    Impairment losses 
     8,412  
     318,999 
  
    Amortization of right-of-use assets 
     62,490  
     98,939 
  
    Loss on investment of cooperative enterprise 
     12,426  
     - 
  
    Depreciation and amortization 
     185,192  
     - 

    Changes in operating assets and liabilities 

    Advance and prepayments 
     (101,429) 
     173,345 
  
    Trade receivable – intercompany 
     (92,827) 
     (432,747)
  
    Other receivable – related party 
     (