Company: KNRX
Filing Date: 2025-03-05
Form Type: F-1/A
Source: 0001493152-25-009104
Chunk: 222

Company: KNOREX LTD.
Filing Date: 2025-03-05
Form: F-1/A
Chunk 222
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 exception to be considered indexed to a reporting’s own stock based on the two-step approach in accordance with ASC 815-40-15 and does not require to be separately accounted for as a derivative. As a result, the Company classified the D-2 Notes as a debt instrument in its entirety. As of June 30, 2024 and December 31, 2023, convertible notes balance amounted to US$1,636,193 and US$0, respectively.

Amortization of discount on debt instruments in connection with the forementioned loans for the six months ended June 30, 2024 and 2023 amounted to US$14,230 and US$14,135, respectively.

Interest expenses in connection with the forementioned loans and convertible notes for the six months ended June 30, 2024 and 2023 amounted to US$35,598 and US$118,139, respectively.

Note 8 – Other payables and accrued liabilities

Other payables and accrued liabilities consist of the following:

|                                                                                    |     |     | As of June 
   30, 2024 |     |     | As of December 
       31, 2023 |
|:-----------------------------------------------------------------------------------|:----|:----|-----------:|:----|:----|---------------:|
|                                                                                    |     | US$ |            |     | US$ |                |
| Accrued expenses                                                                   |     | $   |    226,356 |     | $   |        155,893 |
| Accrued payroll                                                                    |     |     |    387,080 |     |     |        492,560 |
| Accrued interest                                                                   |     |     |          - |     |     |            345 |
| Accrued taxes payable                                                              |     |     |     41,789 |     |     |         29,892 |
| Accrued professional fees                                                          |     |     |    224,318 |     |     |        646,488 |
| Payables to third-party vendors or service providers for administrative activities |     |     |     21,115 |     |     |              - |
| Reimbursement payables to employees                                                |     |     |          - |     |     |          5,397 |
| Total other payables and accrued liabilities                                       |     | $   |    900,658 |     | $   |      1,330,577 |

Note