Company: KNRX
Filing Date: 2025-01-15
Form Type: F-1/A
Source: 0001493152-25-002249
Chunk: 277

Company: KNOREX LTD.
Filing Date: 2025-01-15
Form: F-1/A
Chunk 277
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DI) Scheme member bank or finance company up to approximately US$56,788 (S$75,000) per account. This was raised to US$75,717 (S$100,000) with effect from 1 April 2024. As of December 31, 2023 and 2022, the Company had cash balance of approximately US$1.3 million and US$6,000 was maintained at DI Scheme banks in Singapore, of approximately US$1.1 million and US$0 was subject to credit risk, respectively.

The Company’s cash balance in other countries (Malaysia, Thailand, Vietnam, Australia, India, and China) are insignificant to its operations as of December 31, 2023 and 2022.

The Company is also exposed to risk from accounts receivable and other receivables. These assets are subjected to credit evaluations. An allowance has been made for estimated unrecoverable amounts which have been determined by reference to past default experience and the current economic environment.

Note 15 – Commitments and contingencies

Legal Contingencies

From time to time, the Company is party to certain legal proceedings, as well as certain asserted and unasserted claims. Amounts accrued, as well as the total amount of reasonably possible losses with respect to such matters, individually and in aggregate, are not deemed to be material to the consolidated financial statements.

| F-53 |

Note 16 – Segment information

The Company operates as one operating segment, which primarily focuses on platform subscription fee, platform services, managed activations, and professional services. The Company’s chief executive officer is the chief operating decision-maker, manages and allocates resources to the operations of the Company on an entity-wide basis based on the U.S. and International (Singapore, Malaysia, Thailand, Vietnam, Australia, and India).

Disaggregated information of revenues by services are as follows:

|                                               |     | For the Years Ended | December 31, 
         2023 |     |     | December 31, 
         2022 |
|:----------------------------------------------|:----|:--------------------|-------------:|:----|:----|-------------:|
|                                               |     | US$                 |              |     | US$ |              |
| Platform subscription fee                     |     | $                   |    3,167,832 |     | $   |    1,555,791 |
| Platform services                             |     |                     |    5,244,360 |     |