Company: KPEA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023821
Chunk: 62

Company: Kun Peng International Ltd.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 62
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 liabilities 
    $115  
    $14,398  
    $8,951  
    $111,469 

    Nine
Months Ended
                                                                               June 30, 

    2025  
    2024 
  
    Weighted average remaining operating lease term 
     0.58
years  
      0.77 years 
  
    Weighted average remaining finance lease term 
     0.81 years  
     - 
  
    Weighted average discount rate for operating lease 
     4.75% 
     4.30%
  
    Weighted average discount rate for finance lease 
     4.75% 
     - 

The
amortization expense was $57,829 and $54,965 for the three months ended June 30, 2025 and 2024 and $293,242 and $216,678 for the nine
months ended June 30, 2025 and 2024, respectively.

NOTE
16 - SHORT-TERM BORROWING

SCHEDULE OF SHORT-TERM BORROWING 

    Loan period 
    Interest rate  
    June 30, 2025  
    September 30, 2024 
  
    China Construction Bank Co., LTD. Beijing Mentougou Branch 
    December 19, 2024 to December 19, 2025 
     3.86% 
    $99,391  
    $            - 
  
    Short-term borrowing 

    $99,391  
    $- 

The
loans were guaranteed by a shareholder.

NOTE
17 - COMMITMENTS AND CONTINGENCIES

Purchase
and service commitments

We
entered into multiple purchase and service commitments. As of June 30, 2025 and September 30, 2024, we had purchase and service commitments
in an amount of $75,072 and $4,987, respectively.

NOTE
18 - SUBSEQUENT EVENT

As
of June 30, 2025, the Company evaluated and concluded that there are no subsequent events that would require recognition or disclosure
in the financial statements, other than as disclosed above.

36

ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Overview
of the Business

Due
to global health issues and the COVID-19 pandemic, people have increased their health and nutrition