Company: KNRX
Filing Date: 2025-09-22
Form Type: F-1/A
Source: 0001493152-25-014499
Chunk: 219

Company: KNOREX LTD.
Filing Date: 2025-09-22
Form: F-1/A
Chunk 219
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2024 |   |     |     |          As 
 of December 
    31, 2023 |   |
|:-------------------------------|:----|:----|------------:|:--|:----|:----|------------:|:--|
|                                |     | US$ |             |   |     | US$ |             |   |
| Accounts receivable            |     | $   |   1,903,277 |   |     | $   |   1,664,504 |   |
| Allowance for credit losses    |     | $   |     (22,336 | ) |     | $   |     (39,383 | ) |
| Total accounts receivable, net |     | $   |   1,880,941 |   |     | $   |   1,625,121 |   |

Movements of allowance for credit losses are as follows:

|                                       |     |     | For the Year Ended December 31, 
                            2024 |   |     |     | For the Year Ended December 31, 
                            2023 |   |
|:--------------------------------------|:----|:----|--------------------------------:|:--|:----|:----|--------------------------------:|:--|
|                                       |     | US$ |                                 |   |     | US$ |                                 |   |
| Beginning balance                     |     | $   |                          39,383 |   |     | $   |                               - |   |
| Provision for credit losses           |     |     |                         125,651 |   |     |     |                          75,282 |   |
| Write-off                             |     |     |                        (142,698 | ) |     |     |                         (36,530 | ) |
| Foreign currency exchange rate effect |     |     |                               - |   |     |     |                             631 |   |
| Ending balance                        |     | $   |                          22,336 |   |     | $   |                          39,383 |   |

Note 4 – Other receivables

Other receivables consist of the following:

|                                             |     |     |          As 
 of December 
    31, 2024 |     |     |          As 
 of December 
    31, 2023 |
|:--------------------------------------------|:----|:----|------------:|:----|:----|------------:|