Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 539

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 539
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 % of revenue 
  
    Revenues 
    $2,078,741  
     100.0% 
    $3,917,335  
     100.0%
  
    Cost of revenues 
     605,638  
     29.1  
     433,221  
     11.1 
  
    Gross profit 
     1,473,103  
     70.9  
     3,484,114  
     88.9 
  
    Operating expenses: 

    General and administrative expenses 
     1,818,877  
     87.5  
     2,416,372  
     61.7 
  
    Selling expense 
     1,655,024  
     79.6  
     3,316,631  
     84.7 
  
    Total operating expenses 
     3,473,901  
     167.1  
     5,733,003  
     146.4 
  
    Loss from operations 
     (2,000,798) 
     (96.3)% 
     (2,248,889) 
     (57.5)
  
    Other income, net 
     11,538  
     0.6  
     99,676  
     2.5 
  
    Loss before income taxes 
     (1,989,260) 
     (95.7) 
     (2,149,213) 
     (55.0)
  
    Income tax expense 
     2,487  
     0.1  
     -  
     - 
  
    Net loss 
    $(1,991,747) 
     (95.8)% 
    $(2,149,213) 
     (55.0)%

81

Revenues

For
the years ended September 30, 2024 and 2023, revenues amounted to $2,078,741 and $3,917,335, respectively. We recognize our revenue on
a gross basis, net of sub-charges and value-added tax (“VAT”) on gross sales.

The
following table presents revenues disaggregated by customer type for the years ended September 30, 2024 and 2023:

    For the years ended September