Company: KNRX
Filing Date: 2025-01-15
Form Type: F-1/A
Source: 0001493152-25-002249
Chunk: 223

Company: KNOREX LTD.
Filing Date: 2025-01-15
Form: F-1/A
Chunk 223
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     | US$ |                 |
| Prepayments to vendors                               |     | $   |    221,667 |     | $   |         226,681 |
| Prepaid expenses                                     |     |     |     90,497 |     |     |          33,952 |
| Prepaid taxes                                        |     |     |      4,371 |     |     |             926 |
| Security deposits                                    |     |     |     33,297 |     |     |          38,569 |
| Total prepaid paid expenses and other current 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, 202