Company: KNRX
Filing Date: 2025-03-05
Form Type: F-1/A
Source: 0001493152-25-009104
Chunk: 259

Company: KNOREX LTD.
Filing Date: 2025-03-05
Form: F-1/A
Chunk 259
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     |      33,952 |     |     |      166,856 |
| Prepaid taxes                                        |     |     |         926 |     |     |          888 |
| Security deposits                                    |     |     |      38,569 |     |     |       79,072 |
| Total prepaid paid expenses and other current assets |     | $   |     300,128 |     | $   |      434,942 |

| F-46 |

Note 6 – Property and equipment, net

Property and equipment, net consist of the following:

|                                   |     |     |          As 
 of December 
    31, 2023 |   |     |     |          As 
 of December 
    31, 2022 |   |
|:----------------------------------|:----|:----|------------:|:--|:----|:----|------------:|:--|
|                                   |     | US$ |             |   |     | US$ |             |   |
| Office equipment                  |     | $   |     160,025 |   |     | $   |     163,110 |   |
| Furniture and fixtures            |     |     |      23,379 |   |     |     |      23,510 |   |
| Subtotal                          |     |     |     183,404 |   |     |     |     186,620 |   |
| Less: accumulated depreciation    |     |     |    (151,062 | ) |     |     |    (141,200 | ) |
| Total property and equipment, net |     | $   |      32,342 |   |     | $   |      45,420 |   |

Depreciation expense for the years ended December 31, 2023 and 2022 amounted to US$14,121 and US$17,077, respectively.

Note 7 – Credit facilities

Long-term loans – bank

Outstanding balances on long-term bank loans consist of the following:

|                                           | Bank Name |                                                        | Maturities |     |                                    Interest Rate |   |     |                                                        | Collateral/ Guarantee |     |          As 
 of December 
    31, 2023 |   |     |     |          As 
 of December 
    31, 2022 |   |
|:------------------------------------------|:----------|:-------------------------------------------------------|:-----------