Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 631

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 631
---
213)
  
    Intercompany receivables 
     -  
     (333,732) 
     -  
     (927,079) 
     1,260,811  
     - 
  
    Intercompany payables 
     272,917  
     329,657  
     191,152  
     453,740  
     (1,247,466) 
     - 
  
    Net cash provided by (used in) operating activities 
     -  
     12,739  
     (13,007) 
     (440,107) 
     13,345  
     (427,030)

    Net cash used in investing activities 
     -  
     -  
     (606) 
     -  
     -  
     (606)

    Net cash provided by financing activities 
     -  
     -  
     -  
     644,803  
     -  
     644,803 

    Effect of exchange rate fluctuation on cash 
    $-  
    $(10,828) 
    $10,570  
    $(13,115) 
    $(13,345) 
    $(26,718)

    F-32

The
Company consolidated its VIE as of September 30, 2024, and 2023. The carrying amounts and classification of the VIE’s assets and
liabilities included in the consolidated balance sheets are as follows:

SCHEDULE
OF VIE CONSOLIDATED BALANCE SHEETS, OPERATING RESULTS AND CASH FLOWS  

    September 30, 2024  
    September 30, 
2023 
  
    Assets 

    Current assets 

    Cash and cash equivalents 
    $81,132  
    $447,117 
  
    Trade receivable – intercompany 
     2,316,724  
     2,119,294 
  
    Advance and prepayments 
     147,091  
     41,323 
  
    Other receivables – third parties 
     251,069  
     19,431 
  
    Inventory 
     15,700  
     107,263 
  
    Amount due from related parties 
     20,092  
     -