Company: KPEA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010699
Chunk: 44

Company: Kun Peng International Ltd.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 44
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    Six Months Ended March 31, 2024 

    Parent  Only  
    Non-VIE and  Non-WFOE  Subsidiaries  Consolidated  
    WFOE  
    VIE and VIE’s Subsidiary Consolidated  
    Eliminating  Adjustments  
    Consolidated 

    Net loss 
    $(115,013) 
    $(8,187) 
    $(7) 
    $(1,008,614) 
    $-  
    $(1,131,821)
  
    Intercompany receivables 
     -  
     (84,647) 
     -  
     (520,556) 
     605,203  
     - 
  
    Intercompany payables 
     173,013  
     14,220  
     69  
     419,562  
     (606,864) 
     - 
  
    Net cash (used in) provided by operating activities 
     -  
     (5,918) 
     62  
     (382,491) 
     (1,661) 
     (390,008)

    Net cash used in investing activities 
     -  
     -  
     -  
     (58,596) 
     -  
     (58,596)

    Effect of exchange rate fluctuation on cash 
    $-  
    $(3,121) 
    $1  
    $14,024  
    $1,661  
    $12,564 

     25 

The
Company consolidated its VIE as of March 31, 2025 and September 30, 2024. 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

    March 31, 2025  
    September 30, 2024 
  
    Assets 

    Current assets 

    Cash and cash equivalents 
    $26,824  
    $81,132 
  
    Trade receivable – intercompany 
     2,483,574  
     2,316,724 
  
    Advance and