Kun Peng International Ltd. Files Q1 2025 10-Q
Ticker: KPEA · Form: 10-Q · Filed: Feb 14, 2025 · CIK: 1502557
Sentiment: neutral
Topics: 10-Q, quarterly-report, educational-services
TL;DR
Kun Peng Intl (KP) filed Q1 2025 10-Q. Formerly CX Network Group.
AI Summary
Kun Peng International Ltd. filed its 10-Q for the period ending December 31, 2024. The filing covers the first quarter of fiscal year 2025, with the reporting period from October 1, 2024, to December 31, 2024. The company's fiscal year ends on September 30. Kun Peng International Ltd. was formerly known as CX Network Group, Inc. and mLight Tech, Inc.
Why It Matters
This filing provides investors with the latest financial performance and operational updates for Kun Peng International Ltd. for the first quarter of their fiscal year 2025.
Risk Assessment
Risk Level: low — This is a routine quarterly filing and does not contain immediate red flags.
Key Numbers
- Q1 2025 — Fiscal Quarter (Reporting period for the 10-Q filing)
- 2024-12-31 — Period End Date (The end date of the reporting period)
- 2025-02-14 — Filing Date (The date the 10-Q was submitted to the SEC)
Key Players & Entities
- Kun Peng International Ltd. (company) — Filer of the 10-Q
- CX Network Group, Inc. (company) — Former name of Kun Peng International Ltd.
- mLight Tech, Inc. (company) — Former name of Kun Peng International Ltd.
- 20241231 (date) — End of the reporting period
- 20250214 (date) — Filing date
FAQ
What is the primary business of Kun Peng International Ltd.?
The filing lists the Standard Industrial Classification as SERVICES-EDUCATIONAL SERVICES [8200], indicating their business is in educational services.
When does Kun Peng International Ltd.'s fiscal year end?
The company's fiscal year ends on September 30, as stated in the filing.
What were the previous names of Kun Peng International Ltd.?
Kun Peng International Ltd. was formerly known as CX Network Group, Inc. and mLight Tech, Inc.
What is the address of Kun Peng International Ltd.?
The company's business and mailing address is RM 1801 VANKE BUILDING, NORTHWEST HONG 7, HONGTUPIAN DISTRICT NANCHENG RESIDENTIAL, DONGGUAN, GUANGDONG PROVINCE, F4, 523000.
What is the SEC file number for this filing?
The SEC file number for this 10-Q filing is 333-169805.
Filing Stats: 4,607 words · 18 min read · ~15 pages · Grade level 12 · Accepted 2025-02-14 07:22:17
Filing Documents
- form10-q.htm (10-Q) — 1402KB
- ex31-1.htm (EX-31.1) — 11KB
- ex31-2.htm (EX-31.2) — 11KB
- ex32-1.htm (EX-32.1) — 5KB
- ex32-2.htm (EX-32.2) — 5KB
- 0001493152-25-006580.txt ( ) — 9170KB
- kpea-20241231.xsd (EX-101.SCH) — 67KB
- kpea-20241231_cal.xml (EX-101.CAL) — 98KB
- kpea-20241231_def.xml (EX-101.DEF) — 301KB
- kpea-20241231_lab.xml (EX-101.LAB) — 430KB
- kpea-20241231_pre.xml (EX-101.PRE) — 420KB
- form10-q_htm.xml (XML) — 1705KB
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. 47 PART II. Other Information 48
Exhibits
Item 6. Exhibits. 48
Signatures
Signatures 49 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 2024 2024 Assets Current assets Cash and cash equivalents $ 207,391 82,184 Advance and prepayments 4 48,231 178,954 Other receivables 5 180,879 251,588 Inventory 6 18,138 15,700 Amount due from related parties 10 2,466 20,092 Total current assets 457,105 548,518 Noncurrent assets Property and equipment, net 7 275,568 292,198 Intangible assets, net 8 2,437 2,548 Security deposits 15,494 16,116 Operating lease right-of-use assets 14 194,612 284,524 Finance lease right-of-use assets 14 250,914 309,445 Investment in associate held for sale - 15,743 Others 9,704 10,094 Total noncurrent assets 748,729 930,668 Total assets $ 1,205,834 $ 1,479,186 Liabilities Current liabilities Short-term borrowing 15 97,544 - Trade and other payables 3,197,103 3,208,426 Deferred revenue 9 593,992 584,116 Payroll payable 169,569 120,310 Tax payable 114,760 128,297 Amounts due to related parties 10 4,122,415 4,069,413 Operating lease obligations, current portion 14 187,659 238,979 Finance lease obligations, current portion 14 172,202 196,879 Total current liabilities 8,655,244 8,546,420 Noncurrent liabilities Operating lease obligations, net of current portion 14 - 44,622 Finance lease obligations, net of current portion 37,170 76,862 Total noncurrent liabilities 37,170 121,484 Total liabilities $ 8,692,414 $ 8,667,904 Commitment and contingencies - Equity Preferred stock, $ 0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding as of December 31, 2024 and September 30, 2024 11 - - Common stock, $ 0.0001 par value, 1,000,000,000 shares authorized; 400,000,000 shares