Company: KNRX
Filing Date: 2025-01-15
Form Type: F-1/A
Source: 0001493152-25-002249
Chunk: 235

Company: KNOREX LTD.
Filing Date: 2025-01-15
Form: F-1/A
Chunk 235
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84%.

Singapore

Knorex SG is incorporated in Singapore and is subject to Singapore income tax on the taxable income as reported in its statutory financial statements adjusted in accordance with relevant Singapore tax laws. The applicable tax rate is 17% in Singapore, with 75% of the first US$7,415 (S$10,000) taxable income and 50% of the next US$140,887 (S$190,000) taxable income are exempted from income tax.

Other Countries

The Company’s other subsidiaries with operations in other countries (Malaysia, Thailand, Vietnam, Australia, India, and China) are insignificant to its operations for the six months ended June 30, 2024 and 2023.

The United States and foreign components of loss before income taxes were comprised of the following:

|                                |     | For the Six Months 
 Ended June         
 30, 2024           |            |   |     | For the Six Months 
 Ended June         
 30, 2023           |            |   |
|:-------------------------------|:----|:-------------------|:-----------|:--|:----|:-------------------|:-----------|:--|
|                                |     | US$                |            |   |     | US$                |            |   |
| U.S.                           |     | $                  | (796,897   | ) |     | $                  | (2,321,829 | ) |
| Singapore                      |     |                    | (1,592,765 | ) |     |                    | (878,546   | ) |
| Other Countries                |     |                    | (530,084   | ) |     |                    | (595,437   | ) |
| Total loss before income taxes |     | $                  | (2,919,746 | ) |     | $                  | (3,795,812 | ) |

The provision for income taxes consisted of the following:

|                            |     |     | For the Six Months 
         Ended June 
           30, 2024 |     |     | For the Six Months 
         Ended June 
           30, 2023 |
|:---------------------------|:----|:----|-------------------:|:----|:----|-------------------:|
|                            |     | US$ |                    |     | US$ |                    |
| Current                    |     | $   |             16,248 |     | $   |