Company: KNRX
Filing Date: 2025-03-05
Form Type: F-1/A
Source: 0001493152-25-009104
Chunk: 258

Company: KNOREX LTD.
Filing Date: 2025-03-05
Form: F-1/A
Chunk 258
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ables

Other receivables consist of the following:

|                                             |     |     |          As 
 of December 
    31, 2023 |     |     |          As 
 of December 
    31, 2022 |
|:--------------------------------------------|:----|:----|------------:|:----|:----|------------:|
|                                             |     | US$ |             |     | US$ |             |
| Sales, goods and services taxes receivables |     | $   |     177,606 |     | $   |     202,404 |
| Employee advances and others                |     |     |       6,379 |     |     |      17,803 |
| Total other receivables                     |     | $   |     183,985 |     | $   |     220,207 |

Movements of allowance for credit losses are as follows:

|                             |     | For                      
 the Year Ended  December 
 31, 2023                 |   |     | For                      
 the Year Ended  December 
 31, 2022                 |      |   |
|:----------------------------|:----|:-------------------------|:--|:----|:-------------------------|-----:|:--|
|                             |     | US$                      |   |     | US$                      |      |   |
| Beginning balance           |     | $                        | - |     | $                        |    - |   |
| Provision for credit losses |     |                          | - |     |                          |  687 |   |
| Write-off                   |     |                          | - |     |                          | (687 | ) |
| Ending balance              |     | $                        | - |     | $                        |    - |   |

Note 5 – Prepaid expenses and other current assets

Prepaid paid expenses and other current assets consist of the following:

|                                                      |     |     |          As 
 of December 
    31, 2023 |     |     |           As 
 of  December 
     31, 2022 |
|:-----------------------------------------------------|:----|:----|------------:|:----|:----|-------------:|
|                                                      |     | US$ |             |     | US$ |              |
| Prepayments to vendors                               |     | $   |     226,681 |     | $   |      188,126 |
| Prepaid expenses                                     |     |