Company: KNRX
Filing Date: 2025-09-22
Form Type: F-1/A
Source: 0001493152-25-014499
Chunk: 93

Company: KNOREX LTD.
Filing Date: 2025-09-22
Form: F-1/A
Chunk 93
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 shares; a decrease of US$0.1 million in accounts receivable due to our timely collections, a decrease of US$0.1 million in prepaid expenses and other current assets as a result of decreased security deposits, prepayments to vendors.

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Investing Activities

Net cash used in investing activities was approximately US$867,000 for the year ended December 31, 2024, which was primarily attributable to the purchase of office equipment of approximately US$13,000 and capitalized software development costs of approximately US$0.9 million.

Net cash used in investing activities was approximately US$878,000 for the year ended December 31, 2023, which was primarily attributable to the purchase of office equipment of approximately US$2,000 and capitalized software development costs of approximately US$0.9 million.

Financing Activities

Net cash provided by financing activities was US$5.2 million for the year ended December 31, 2024, which was mainly attributable to the proceeds from exercise of warrants of US$1.3 million, proceeds from convertible notes of US$1.9 million, proceeds from short-term loan- third parties of US$2.4 million, proceeds from short-term loan- related parties of US$0.3 million, and offset by the repayments of long-term bank loans of US$0.5 million and payments of short-term loan – third parties of approximately US$0.2 million.

Net cash provided by financing activities was US$7.8 million for the year ended December 31, 2023, which was mainly attributable to the issuance of ordinary shares of US$8.2 million and the proceeds from exercise of warrants of US$0.5 million and offset by the repayments of long-term bank loans of US$0.5 million and payments of deferred offering costs of US$0.4 million.

Capital Expenditures

We made capital expenditures of approximately US$13,000 and US$2,000 for the year ended December 31, 2024 and 2023, respectively. In these periods, our capital expenditures were mainly used for the purchase of office equipment.

We plan to fund our future capital expenditures with our existing cash balance and proceeds from this offering. We will continue to make capital expenditures to meet the expected growth of our business.

Internal Control Over Financial Reporting

Prior to this offering, we were a private company with limited accounting personnel and other resources with which to address our internal control over financial reporting.