Company: KNRX
Filing Date: 2025-03-05
Form Type: F-1/A
Source: 0001493152-25-009104
Chunk: 255

Company: KNOREX LTD.
Filing Date: 2025-03-05
Form: F-1/A
Chunk 255
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 Revised |            |
|                            |     | US$                             |            |     | US$        |          |   |     | US$        |            |
| Platform operations        |     |                                 |  3,598,134 |     |            |        - |   |     |            |  3,598,134 |
| Sales and marketing        |     |                                 |  3,306,652 |     |            |        - |   |     |            |  3,306,652 |
| Technology and development |     |                                 |  2,300,914 |     |            | (251,470 | ) |     |            |  2,049,444 |
| General and administrative |     |                                 |  1,982,292 |     |            |  251,470 |   |     |            |  2,233,762 |
| Total operating expenses   |     |                                 | 11,187,992 |     |            |        - |   |     |            | 11,187,992 |

In accordance with Staff Accounting Bulletin (“SAB”) No. 99, Materiality, the Company evaluated the errors and determined that the impact was not material to any of its previously issued financial statements.

Recent accounting pronouncements not yet adopted

The Company considers the applicability and impact of all accounting standards updates (“ASUs”). Management periodically reviews new accounting standards that are issued. Under the Jumpstart Our Business Startups Act of 2012, as amended (the “JOBS Act”), the Company meets the definition of an emerging growth company and has elected the extended transition period for complying with new or revised accounting standards, which delays the adoption of these accounting standards until they would apply to private companies. As a result of the Company’s selection to use the extended transaction period for complying with new or revised accounting standards, the Company’s consolidated financial statements may not be comparable to companies that comply with public company effective dates.

| F-44 |

In December 2023, the FASB issued Accounting Standards Update No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”), which modifies the rules on income tax disclosures to require entities to disclose (1) specific categories in the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit (separated between domestic and foreign) and (