Company: KPEA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010699
Chunk: 50

Company: Kun Peng International Ltd.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 50
---

    professional services included $1,690, $574, and $1,240 for legal service fees, advertising fees and bookkeeping fees for our PRC entities.
    The legal service fees will be amortized to general and administrative expenses using the straight-line method over the service periods
    of April 2025. The advertising fees and bookkeeping fees will be recognized in the Company’s consolidated statement of operations
    and comprehensive loss when the related services are performed.

These amounts are expected to be recoverable within
twelve (12) months.

NOTE 5 -
OTHER RECEIVABLES

Other
receivables included the following:

SCHEDULE OF OTHER RECEIVABLES

    March 31,  
    September 30, 

    2025  
    2024 

    Deposits 
    $125,223  
    $136,119 
  
    Advance to employees 
     140  
     42,894 
  
    Advance to third-party company 
     29,014  
     34,912 
  
    Others 
     16,960  
     37,663 
  
    Total other receivables, net 
    $171,337  
    $251,588 

Advance
to employees represents funds provided to our officers and employees for business expenses, such as travel, parking, gasoline, membership,
and meals, that are anticipated to be incurred by our officers and employees on behalf of the Company. Advances to employees are required
to be repaid in cash within a year.

Advance to third-party company
represents funds provided to a third-party company for rental fee and deposit.

NOTE 6 -
INVENTORY

Inventory
consisted of the following:

SCHEDULE
OF INVENTORY

    March 31,  
    September 30, 

    2025  
    2024 

    Finished goods 
    $14,071  
    $15,700 
  
    Total 
    $14,071  
    $15,700 

NOTE 7 - PROPERTY AND EQUIPMENT, NET

Property and equipment consisted
of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT

    March 31,  
    September 30, 

    2025  
    2024 

    Leasehold improvements 
    $172,317  
    $199,563 
  
    Furniture and fixtures 
     1,211