Company: KNRX
Filing Date: 2025-03-05
Form Type: F-1/A
Source: 0001493152-25-009104
Chunk: 220

Company: KNOREX LTD.
Filing Date: 2025-03-05
Form: F-1/A
Chunk 220
---
 assets |     | $   |    349,832 |     | $   |         300,128 |

Note 6 – Property and equipment, net

Property and equipment, net consist of the following:

|                                   |     |     | As of June 
   30, 2024 |   |     |     | As of December 
       31, 2023 |   |
|:----------------------------------|:----|:----|-----------:|:--|:----|:----|---------------:|:--|
|                                   |     | US$ |            |   |     | US$ |                |   |
| Office equipment                  |     | $   |    156,591 |   |     | $   |        160,025 |   |
| Furniture and fixtures            |     |     |     19,758 |   |     |     |         23,379 |   |
| Subtotal                          |     |     |    176,349 |   |     |     |        183,404 |   |
| Less: accumulated depreciation    |     |     |   (145,836 | ) |     |     |       (151,062 | ) |
| Total property and equipment, net |     | $   |     30,513 |   |     | $   |         32,342 |   |

Depreciation expense for the six months ended June 30, 2024 and 2023 amounted to US$10,201 and US$10,193, respectively.

| F-18 |

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 June 30, 2024 |   |     |     | As of December 31, 2023 |   |
|:------------------------------------------|:----------|:-------------------------------------------------------|:-----------|:----|--------------:|:--|:----|:-----------------------------------------|:----------------------|:----|--------------------:|:--|:----|:----|------------------------:|:--|
|                                           |           |                                                        |            |     |               |   |     |                                          |                       | US$ |                     |   |     | US$ |                         |   |
| United Overseas Bank