Company: KNRX
Filing Date: 2025-03-05
Form Type: F-1/A
Source: 0001493152-25-009104
Chunk: 268

Company: KNOREX LTD.
Filing Date: 2025-03-05
Form: F-1/A
Chunk 268
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     |                         | 16,908,168 |   |     |                         |  4,780,575 |   |
| Basic and diluted loss per share               |     | $                       |      (0.31 | ) |     | $                       |      (0.31 | ) |

As of December 31, 2023, the Company had dilutive securities from the outstanding warrants that are convertible into 5,570,275 of the Company’s Class A Ordinary Shares, were not included in the computation of dilutive loss per share because the inclusion of such warrants would be anti-dilutive.

As of December 31, 2022, the Company had dilutive securities from the outstanding convertible notes and warrants that are convertible into 3,494,728 and 705,450 of the Company’s Class A Ordinary Shares, respectively, were not included in the computation of dilutive loss per share because the inclusion of such convertible notes and warrants would be anti-dilutive.

The summary of anti-dilutive instruments is as follows:

|                                      |     | Warrants |           |     | Convertible Debts |           |     | Total |           |
| Common Stock subject to outstanding: |     |          |           |     |                   |           |     |       |           |
| As of December 31, 2023              |     |          | 5,570,275 |     |                   |         - |     |       | 5,570,275 |
| As of December 31, 2022              |     |          |   705,450 |     |                   | 3,494,728 |     |       | 4,200,178 |

Note 13 – Income taxes

United States

Knorex US was incorporated in the State of Delaware and holds its operation in the state of California. Knorex US is subject to a federal income tax rate of 21% and California income tax rate of 8.84%.

Singapore

The Company is incorporated in Singapore and is subject to Singapore income tax on the taxable income as reported in its statutory financial statements adjusted in accordance with relevant Singapore tax laws. The applicable tax rate is 17% in Singapore, with 75% of the first US$7,415 (S$10,000) taxable income and 50% of the next US$140,887 (S$190,000) taxable income are exempted from income tax.

Other Countries

The Company’s other subsidiaries