Company: KNRX
Filing Date: 2025-06-12
Form Type: F-1/A
Source: 0001641172-25-014801
Chunk: 85

Company: KNOREX LTD.
Filing Date: 2025-06-12
Form: F-1/A
Chunk 85
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 examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized. We recognize interest and penalties accrued related to its uncertain tax positions in its income tax provision in the accompanying consolidated statements of operations.

We make assumptions, judgments and estimates to determine the current income tax provision, tax benefits from uncertain tax positions, deferred tax assets and liabilities and valuation allowance recorded against a deferred tax asset. The assumptions, judgments and estimates relative to the current income tax provision (benefit) consider current tax laws, their interpretation and possible results of foreign and domestic tax audits. Changes in tax law and their interpretation could significantly impact the income taxes provided in our consolidated financial statements.

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The evaluation of our uncertain tax positions involves significant judgment in the interpretation and application of GAAP and complex domestic and international tax laws, and matters related to the allocation of international taxation rights between countries. Although management believes our reserves are reasonable, no assurance can be given that the final tax outcome of these matters will not be different from that which is reflected in our reserves. Reserves are adjusted considering changing facts and circumstances, such as the closing of a tax examination or the refinement of an estimate. Assumptions, judgments and estimates relative to the amount of deferred income taxes, and any applicable valuation allowances, consider future taxable income. Any of the assumptions, judgments and estimates mentioned above could cause the actual income tax obligations to differ from estimates.

Key Operating Data

The table below sets forth our selected operating data for the periods indicated, which should be read in conjunction with our consolidated financial statements and the accompanying notes included elsewhere in this prospectus:

|                                                        |     |                          For 
 the Years Ended December 31, |         |     |      |         |
|                                                        |     |                         2024 |         |     | 2023 |         |
| Number                                                 
 of customers(1)                                        |     |                              |      37 |     |      |      29 |
| Average                                                
 revenue per customer (US$)(2)                          |     |                              | 292,187 |     |      | 300,890 |
| Revenue                                                
 from self-serve (includes add-ons) (%)                 |     |                              |    98.3 |     |      |    96.4 |
| Revenue                                                
 from managed activations and professional services (%) |     |                              |     1.