Company: KNRX
Filing Date: 2025-03-05
Form Type: F-1/A
Source: 0001493152-25-009104
Chunk: 257

Company: KNOREX LTD.
Filing Date: 2025-03-05
Form: F-1/A
Chunk 257
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 above, the Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s consolidated balance sheets, statements of operations and comprehensive loss and statements of cash flows.

Note 3 – Accounts receivable, net

Accounts receivable, net consist of the following:

|                                |     |     |          As 
 of December 
    31, 2023 |   |     |     |          As 
 of December 
    31, 2022 |
|:-------------------------------|:----|:----|------------:|:--|:----|:----|------------:|
|                                |     | US$ |             |   |     | US$ |             |
| Accounts receivable            |     | $   |   1,664,504 |   |     | $   |   1,821,237 |
| Allowance for credit losses    |     |     |     (39,383 | ) |     |     |           - |
| Total accounts receivable, net |     | $   |   1,625,121 |   |     | $   |   1,821,237 |

| F-45 |

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           |     |     |                   75,282 |   |     |     |                    9,686 |   |
| Write-off                             |     |     |                  (36,530 | ) |     |     |                   (9,686 | ) |
| Foreign currency exchange rate effect |     |     |                      631 |   |     |     |                        - |   |
| Ending balance                        |     | $   |                   39,383 |   |     | $   |                        - |   |

Note 4 – Other receiv