Kun Peng International Ltd

KPEA: 10-Q · periodic report

Kun Peng International's 10-Q for the quarter ended June 30, 2026 carries explicit going-concern language: the company reports an accumulated deficit of $9,997,227, a nine-month net loss of $959,243, and negative working capital of $9,613,480, which management states raise substantial doubt about its ability to continue as a going concern. Revenue is collapsing during the company's strategic pivot away from equipment-based services toward a physician group-centric digital healthcare platform. Q3 revenue fell 70.8% year over year to $31,438, and nine-month revenue fell to $228,714 from $1,073,606, driven by a stated 90.7% drop in equipment-based service revenue after the deregistration of Kun Zhi Jian (Huai'an) in 2025. The balance sheet is effectively insolvent on an equity basis: cash was just $6,606 at quarter end, total stockholders' equity is negative $9,570,870, and operations lean on insiders, with $4,027,309 due to related parties including director Chengyuan Li and entities tied to CEO Richun Zhuang. The filing also confirms a 1-for-10 reverse stock split effective in the marketplace on June 2, 2026, which cut shares outstanding from 400,000,000 to 40,000,624 and raised par value to $0.001; the stock trades on the OTC market under the symbol KPEA.

SEC 10-Q•2mo ago

KPEA: 8-K · reverse split

Kun Peng International Ltd. announced that a 1-for-10 reverse stock split of its common stock will be effective in the marketplace on June 2, 2026. The split reduces the number of issued and outstanding shares from 400 million to approximately 40 million, with fractional shares rounded up to the nearest whole share. The company’s trading symbol will temporarily change to “KPEAD” for 20 trading days starting June 2, after which it will revert to “KPEA.” The CUSIP number for the post-split shares is 12672T 207. The reverse split was approved by the Board of Directors and shareholders holding 85.4% of outstanding shares via written consent in January 2026. The company also amended its Articles of Incorporation to reduce authorized shares from 1 billion to 100 million and increase par value from $0.0001 to $0.001.

SEC 8-K•4mo ago

Kun Peng International Ltd. Announces 1-for-10 Reverse Stock Split

Kun Peng International Ltd. announced a 1-for-10 reverse stock split of its common stock, effective June 2, 2026. The split reduces outstanding shares from 400 million to approximately 40 million and authorized shares from 1 billion to 100 million. Par value increases from $0.0001 to $0.001, and fractional shares will be rounded up to the nearest whole share.

•4mo ago

KPEA: 10-Q · periodic report

Kun Peng International Ltd. reported a net loss of $659,132 for the six months ended March 31, 2026, driven by a 79.5% year-over-year revenue decline to $197,276 as it transitions from offline equipment services to a digital healthcare platform. The filing includes explicit going-concern language, stating that substantial accumulated deficits of $9.7 million and negative working capital of $9.3 million raise substantial doubt about the company's ability to continue as a going concern. In a separate corporate action, the Board approved a 1-for-10 reverse stock split to reduce outstanding shares from 400 million to 40 million, a move typically associated with maintaining exchange listing compliance amid financial distress.

SEC 10-Q•5mo ago

KPEA: NT 10-Q · late filing

Kun Peng International Ltd. (formerly CX Network Group, Inc.) filed a Form 12b-25 notification requesting additional time to file its Form 10-Q for the quarter ended March 31, 2026, citing delays in preparing the unaudited financial statements. The company disclosed a severe deterioration in its financial condition, projecting an unaudited net loss of approximately $389,705 for the quarter, nearly double the $192,877 loss reported in the same period last year. This widening loss is driven by a catastrophic 96.5% year-over-year decline in revenue, with retail sales and equipment-based services both dropping by over 96%, signaling a near-total collapse of its core business operations.

SEC NT 10-Q•5mo ago