Company: KNRX
Filing Date: 2025-03-05
Form Type: F-1/A
Source: 0001493152-25-009104
Chunk: 96

Company: KNOREX LTD.
Filing Date: 2025-03-05
Form: F-1/A
Chunk 96
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 expense. Our interest expense decreased by 48.0% from US$0.3 million for the year ended December 31, 2022 to US$0.1 million for 
 the year ended December 31, 2023, primarily due to the decrease in our long-term bank loans and convertible notes.              |

| ● | Interest                                                                                                                             
 income. Our interest income consisted primarily of interest income earned from our bank deposits, which decreased from approximately 
 US$1,300 for the year ended December 31, 2022 to approximately US$900 for the year ended December 31, 2023.                          |

| ● | Amortization                                                                                                                        
 of discount on debt instrument. Our amortization of discount on debt instrument decreased by 20.6% from approximately US$36,000     
 for the year ended December 31, 2022 to approximately US$28,000 for the year ended December 31, 2023, primarily due to the decrease 
 in the fair value of warrants issued in connection with our debt instrument which we amortized the discount over the term of our    
 debt instrument.                                                                                                                    |

| ● | Foreign                                                                                                                               
 exchange gain (loss), net. Our foreign exchange gain, net was approximately US$47,000 for the year ended December 31, 2023 and        
 foreign exchange loss, net was approximately US$4,000 for the year ended December 31, 2022. The increase in which was primarily a     
 result of the exchange rate fluctuation between the dates of the transaction and the balance sheet date with transactions denominated 
 in currencies other than our or our subsidiaries’ functional currency.                                                                |

| ● | Other                                                                                                                                                                                                                                           
 income, net. Our other income increased from approximately US$81,000 for the year ended December 31, 2022 to approximately US$143,000 for the year ended December 31, 2023, primarily due to the increase in government grant that we received. |

| 51 |

Provision for income taxes.Our provision for income taxes decreased from approximately US$44,000 for the year ended December 31, 2022 to approximately US$33,000 for the year ended December 31, 2023, resulted from the decrease in our net income before tax from our profitable subsidiaries in 2023 as compared to the same period in 2022.

Net loss. As a result of the foregoing, our net loss was US$8.