Company: KNRX
Filing Date: 2025-09-02
Form Type: F-1/A
Source: 0001493152-25-012564
Chunk: 220

Company: KNOREX LTD.
Filing Date: 2025-09-02
Form: F-1/A
Chunk 220
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 to extend the maturity date to be due in June 2026. The interest rate increased from 8% per annum to 12% per annum beginning in February 2025. The conversion price of the D-2 Notes also amended to be 50% (amended from 70%) of the IPO price or next round of financing.

As of December 31, 2024 and 2023, convertible notes balance amounted to US$1,900,965 and US$0, respectively. Amortization of discount on debt instruments in connection with the convertible notes for the years ended December 31, 2024 and 2023 amounted to US$28,519 and US$28,376, respectively.

Interest expenses in connection with the forementioned loans and convertible notes for the years ended December 31, 2024 and 2023 amounted to US$319,076 and US$136,437, respectively.

Note 8 – Other payables and accrued liabilities

Other payables and accrued liabilities consist of the following:

|                                                                                    |     |     |          As 
 of December 
    31, 2024 |     |     |          As 
 of December 
    31, 2023 |
|:-----------------------------------------------------------------------------------|:----|:----|------------:|:----|:----|------------:|
|                                                                                    |     | US$ |             |     | US$ |             |
| Accrued expenses                                                                   |     | $   |     233,689 |     | $   |     155,893 |
| Accrued payroll                                                                    |     |     |     425,322 |     |     |     492,560 |
| Accrued interest                                                                   |     |     |     170,925 |     |     |         345 |
| Accrued taxes payable                                                              |     |     |      21,212 |     |     |      29,892 |
| Accrued professional fees                                                          |     |     |     289,302 |     |     |     646,488 |
| Secured borrowings –                                                               
 recourse factoring liabilities (1)                                                 |     |     |     575,043 |     |     |             |
| Payables to third-party vendors or service providers for administrative activities |     |     |      89,417 |     |     |           - |
| Reimbursement payables to employees                                                |     |     |       2,353