Company: KNRX
Filing Date: 2025-01-15
Form Type: F-1/A
Source: 0001493152-25-002249
Chunk: 274

Company: KNOREX LTD.
Filing Date: 2025-01-15
Form: F-1/A
Chunk 274
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 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 with operations in other countries (Malaysia, Thailand, Vietnam, Australia, India, and China) are insignificant to its operations for the years ended December 31, 2023 and 2022.

The United States and foreign components of loss before income taxes were comprised of the following:

|                                |     | For                     
 the Year Ended December 
 31, 2023                |            |   |     | For                     
 the Year Ended December 
 31, 2022                |            |   |
|:-------------------------------|:----|:------------------------|:-----------|:--|:----|:------------------------|:-----------|:--|
|                                |     | US$                     |            |   |     | US$                     |            |   |
| U.S.                           |     | $                       | (3,843,380 | ) |     | $                       | (3,768,007 | ) |
| Singapore                      |     |                         | (3,007,173 | ) |     |                         | (1,866,327 | ) |
| Other Countries                |     |                         | (1,080,980 | ) |     |                         | (1,020,605 | ) |
| Total loss before income taxes |     | $                       | (7,931,533 | ) |     | $                       | (6,654,939 | ) |

| F-51 |

The provision for income taxes consisted of the following:

|                            |     |     |                     For 
 the Year Ended December 
                31, 2023 |     |     |                     For 
 the Year Ended December 
                31, 2022 |
|:---------------------------|:----|:----|