Company: KNRX
Filing Date: 2025-09-30
Form Type: 424B4
Source: 0001493152-25-016175
Chunk: 217

Company: KNOREX LTD.
Filing Date: 2025-09-30
Form: 424B4
Chunk 217
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| (1) | These                                                                                    
 receivables represent pledged accounts receivable received by the factoring company from 
 the Company’s customers pending to be repaid to the Company with $143,761 are pledged    
 accounts receivable associated with the secured borrowings (see Note 8).                 |

Note 5 – Prepaid expenses and other current assets

Prepaid paid expenses and other current assets consist of the following:

|                                                      |     |     |          As 
 of December 
    31, 2024 |     |     |           As 
 of  December 
     31, 2023 |
|:-----------------------------------------------------|:----|:----|------------:|:----|:----|-------------:|
|                                                      |     | US$ |             |     | US$ |              |
| Prepayments to vendors                               |     | $   |     232,441 |     | $   |      226,681 |
| Prepaid expenses                                     |     |     |     135,520 |     |     |       33,952 |
| Prepaid taxes                                        |     |     |       3,488 |     |     |          926 |
| Security deposits                                    |     |     |      28,198 |     |     |       38,569 |
| Total prepaid paid expenses and other current assets |     | $   |     399,647 |     | $   |      300,128 |

Note 6 – Property and equipment, net

Property and equipment, net consist of the following:

|                                   |     |     |          As 
 of December 
    31, 2024 |   |     |     |          As 
 of December 
    31, 2023 |   |
|:----------------------------------|:----|:----|------------:|:--|:----|:----|------------:|:--|
|                                   |     | US$ |             |   |     | US$ |             |   |
| Office equipment                  |     | $   |     149,389 |   |     | $   |     160,025 |   |
| Furniture and fixtures            |     |     |      19,758 |   |     |     |      23,379 |   |
| Subtotal                          |     |     |     169,147 |   |     |     |     183,404 |   |
| Less: accumulated depreciation    |