Company: KPEA
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006580
Chunk: 29

Company: Kun Peng International Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 29
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     (7,477,443) 
     (7,184,876)
  
    Non-controlling interests 
        
     (9,137) 
     (3,842)
  
    Total equity 
        
     (7,486,580) 
     (7,188,718)

    Total liabilities and equity 
        
    $1,205,834  
    $1,479,186 

The accompanying
notes are an integral part of these unaudited condensed consolidated financial statements

2

KUN PENG
INTERNATIONAL LTD

CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE
LOSS

(UNAUDITED)

(In U.S.
Dollars, except share data or otherwise stated)

    Note  
    2024  
    2023 

    Three Months Ended December 31, 

    Note  
    2024  
    2023 

    Revenue, net 
     12  
    $356,519  
    $562,158 
  
    Cost of revenue 
     12  
     (55,683) 
     (149,347)
  
    Gross profit 
        
     300,836  
     412,811 

    Operating expenses 

    General and administrative expenses 
        
     652,433  
     547,819 
  
    Selling expense 
        
     346,489  
     431,988 
  
    Total operating expenses 
        
     998,922  
     979,807 

    Loss from operations 
        
     (698,086) 
     (566,996)

    Other income: 

    Interest income 
        
     10  
     357 
  
    Other income 
        
     47,069  
     31,833 
  
    Total other income, net 
        
     47,079  
     32,190 

    Loss before income taxes 
        
     (651,007) 
     (534,806)

    Income tax expense 
     13  
     -  
     - 

    Net loss 
        
     (651,007) 
     (534,806)