Company: KPEA
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006580
Chunk: 100

Company: Kun Peng International Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 100
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 In November 2023,
the Company launched Kun Zhi Jian Mini Program. The Company leveraged the health care expertise and technology with local health care
service providers, offered health screening and monitoring at the Kun Zhi Jian customer service center, and promoted health care supplements
and products to its customers and members. However, the Company cannot provide any assurance that it will be able to increase revenue,
or that it will be able to successfully implement its business plan, or that financing will be available to it on commercially acceptable
terms, if at all. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability
and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue
as a going concern. The directors will continue to support the group by providing adequate financial assistance to enable the group to
continue its business operations for the foreseeable future.

45

Contractual
Obligations and Other Commitments

We
had the following contractual obligations and commercial commitments as of December 31, 2024:

    Payments Due by Period 

    Less Than 1 Year  
    1 to 3 Years  
    3 to 5 Years  
    More Than 5 Years  
    Total 
  
    Contractual Obligations: 

    Operating lease obligations 
    $187,659  
    $-  
    $    -  
    $    -  
    $187,659 
  
    Finance lease obligations 
     172,202  
     37,170  
     -  
     -  
     172,202 
  
    Short-term borrowing 
     97,544  
     -  
     -  
     -  
     97,544 
  
    Purchase and service agreements 
     56,101  
     -  
     -  
     -  
     56,101 

    Total contractual obligations 
    $513,506  
    $37,170  
    $-  
    $-  
    $550,676 

Off-Balance
Sheet Arrangements

We
have no off-balance sheet arrangements, including arrangements that would affect our liquidity, capital resources, market risk support,
credit risk support, or other benefits.

Future
Financings

We
will continue to rely on loans from our directors and