Company: KNRX
Filing Date: 2025-09-22
Form Type: F-1/A
Source: 0001493152-25-014499
Chunk: 91

Company: KNOREX LTD.
Filing Date: 2025-09-22
Form: F-1/A
Chunk 91
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| ● | Debt                                                                       
 financing through issuance of convertible notes or traditional bonds; and  |
| ● | Other                                                                      
 available sources of financing from banks or other financial institutions. |

Management has
commenced a strategy to raise debt and equity. However, there can be no certainty that these additional financings will
be available on acceptable terms or at all. If management is unable to execute this plan, there will likely be a material adverse effect
on our business. All these factors raise substantial doubt about the ability of us to continue as a going concern.

The consolidated
financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

Further to our ability
to support our operating activities from the potential equity and debt financing as discussed above, the ability to support our operating
activities is also affected by the timeliness of receiving the accounts receivable balances from our customers. Our credit term with
our customers is typically 30 days. However, our days sales outstanding as of December 31, 2024 and 2023 were approximately 72
and 70 days, respectively, higher than our typical credit term. This is due to (a) increased sales volume, but our collections have not
kept pace leading to an increase in average collection time; and (b) collection delays due to discussion with clients, particularly
with new clients adjusting to our payment schedules or new services. We are actively addressing these issues by improving invoicing practices,
improving our onboarding process, enhancing customer communication, enforcing stricter credit policies and migrating clients into prepayment.

The following tables set forth our selected consolidated cash flow data for the periods indicated:

|                                                |     |                          For 
 the Years Ended December 31, |            |   |     |      |            |   |
|                                                |     |                         2024 |            |   |     | 2023 |            |   |
|                                                |     |                          US$ |            |   |     |  US$ |            |   |
| Net                                            
 cash used in operating activities              |     |                              | (5,436,860 | ) |     |      | (5,508,254 | ) |
| Net                                            
 cash used in investing activities              |     |                              |   (866,761 | ) |     |      |   (878,219 | ) |
| Net                                            
 cash provided by financing activities          |     |                              |  5,209,029 |