Kun Peng International Ltd. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>Kun Peng International Ltd. has filed its quarterly report (10-Q) for the period ending December 31, 2023.</b>

AI Summary

Kun Peng International Ltd. (KPEA) filed a Quarterly Report (10-Q) with the SEC on February 20, 2024. Kun Peng International Ltd. filed a 10-Q report for the quarterly period ended December 31, 2023. The filing covers the period from October 1, 2023, to December 31, 2023. The company's fiscal year ends on September 30. The filing was made on February 20, 2024. The company was formerly known as CX Network Group, Inc. and mLight Tech, Inc.

Why It Matters

For investors and stakeholders tracking Kun Peng International Ltd., this filing contains several important signals. This 10-Q filing provides an update on the company's financial performance and operational status for the most recent quarter. Investors and analysts can use this report to assess the company's financial health, identify trends, and make informed investment decisions.

Risk Assessment

Risk Level: — Kun Peng International Ltd. shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate, significant financial or operational disclosures that would alter the risk profile.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand the company's performance and outlook.

Key Numbers

• 2023-12-31 — Reporting Period End Date (Quarterly period ended)
• 2024-02-20 — Filing Date (Date the 10-Q was filed)
• 0930 — Fiscal Year End (Company's fiscal year end)

Key Players & Entities

• Kun Peng International Ltd. (company) — Filer of the 10-Q report
• CX Network Group, Inc. (company) — Former name of Kun Peng International Ltd.
• mLight Tech, Inc. (company) — Former name of Kun Peng International Ltd.
• 2023-12-31 (date) — End of the reporting period
• 2024-02-20 (date) — Filing date of the report

FAQ

Industry Context

Kun Peng International Ltd. operates within the educational services sector, as indicated by its SIC code 8200.

Regulatory Implications

The filing is a standard Form 10-Q, which is a mandatory quarterly report for publicly traded companies in the United States, governed by the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the financial statements for revenue, expenses, and profitability trends.
2. Review the Management's Discussion and Analysis (MD&A) section for insights into business performance and outlook.
3. Check for any new risk factors or updates to existing ones disclosed in the filing.

Key Dates

• 2023-12-31: Quarterly Period End — End date for the financial reporting period covered by the 10-Q.
• 2024-02-20: Filing Date — Date the 10-Q report was officially submitted to the SEC.

Year-Over-Year Comparison

This is the first 10-Q filing for the fiscal year ending September 30, 2024, providing updated financial information compared to previous filings.

Filing Documents

• form10-q.htm (10-Q) — 1435KB
• ex31-1.htm (EX-31.1) — 11KB
• ex31-2.htm (EX-31.2) — 10KB
• ex32-1.htm (EX-32.1) — 5KB
• ex32-2.htm (EX-32.2) — 5KB
• 0001493152-24-007173.txt (&nbsp;) — 9275KB
• kpea-20231231.xsd (EX-101.SCH) — 58KB
• kpea-20231231_cal.xml (EX-101.CAL) — 108KB
• kpea-20231231_def.xml (EX-101.DEF) — 264KB
• kpea-20231231_lab.xml (EX-101.LAB) — 391KB
• kpea-20231231_pre.xml (EX-101.PRE) — 381KB
• form10-q_htm.xml (XML) — 1906KB

Condensed Consolidated Financial Statements (Unaudited)

Item 1. Condensed Consolidated Financial Statements (Unaudited) 2

Management's Discussion and Analysis of Financial Condition and Results of Operation

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation. 38

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk. 46

Controls and Procedures

Item 4. Controls and Procedures. 46 PART II. Other Information 47

Exhibits

Item 6. Exhibits. 47

Signatures

Signatures 48 1 PART I Item 1. Financial Statements. KUN PENG INTERNATIONAL LTD CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (In U.S. Dollars, except share data or otherwise stated) December 31, September 30, Note 2023 2023 Assets Current assets Cash and cash equivalents $ 120,343 $ 457,580 Trade receivable, net 4 23,524 - Advance and prepayments 5 154,654 74,044 Other receivables 6 169,345 23,060 Inventory 7 52,497 107,263 Total current assets 520,363 661,947 Noncurrent assets Property and equipment, net 8 106,529 72,552 Intangible assets, net 9 2,792 2,806 Security deposits 43,159 41,999 Right-of-use assets 15 409,782 479,427 Others 12,061 3,245 Total noncurrent assets 574,323 600,029 Total assets $ 1,094,686 $ 1,261,976 Liabilities Current liabilities Trade and other payables 2,473,617 2,151,900 Deferred revenue 10 862,171 2,149,238 Payroll payable 84,576 63,653 Tax payable 140,556 184,357 Amounts due to related parties 11 2,889,618 1,318,120 Operating lease obligations, current portion 15 267,698 318,422 Total current liabilities 6,718,236 6,185,690 Noncurrent liabilities Operating lease obligations, net of current portion 15 77,088 95,907 Total noncurrent liabilities 77,088 95,907 Total liabilities 6,795,324 6,281,597 Commitment and contingencies - - Equity Preferred stock, $ 0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding as of December 31, 2023 and September 30, 2023 12 - - Common stock, $ 0.0001 par value, 1,000,000,000 shares authorized; 400,000,000 shares issued and outstanding as of December 31, 2023 and September 30, 2023 12 40,000 40,000 Additional paid-in capital 12 597,801 597,801 Accumulated deficits ( 6,324,096 ) ( 5,803,162 ) Accumulated other comprehensive income 280,775 426,741 Total stockholders' equity ( 5,405,520 ) ( 4,738,

View Full Filing

View this 10-Q filing on SEC EDGAR