Company: KNRX
Filing Date: 2025-03-05
Form Type: F-1/A
Source: 0001493152-25-009104
Chunk: 272

Company: KNOREX LTD.
Filing Date: 2025-03-05
Form: F-1/A
Chunk 272
---
The Company is also exposed to risk from accounts receivable and other receivables. These assets are subjected to credit evaluations. An allowance has been made for estimated unrecoverable amounts which have been determined by reference to past default experience and the current economic environment.

Note 15 – Commitments and contingencies

Legal Contingencies

From time to time, the Company is party to certain legal proceedings, as well as certain asserted and unasserted claims. Amounts accrued, as well as the total amount of reasonably possible losses with respect to such matters, individually and in aggregate, are not deemed to be material to the consolidated financial statements.

| F-53 |

Note 16 – Segment information

The Company operates as one operating segment, which primarily focuses on platform subscription fee, platform services, managed activations, and professional services. The Company’s chief executive officer is the chief operating decision-maker, manages and allocates resources to the operations of the Company on an entity-wide basis based on the U.S. and International (Singapore, Malaysia, Thailand, Vietnam, Australia, and India).

Disaggregated information of revenues by services are as follows:

|                                               |     | For the Years Ended | December 31, 
         2023 |     |     | December 31, 
         2022 |
|:----------------------------------------------|:----|:--------------------|-------------:|:----|:----|-------------:|
|                                               |     | US$                 |              |     | US$ |              |
| Platform subscription fee                     |     | $                   |    3,167,832 |     | $   |    1,555,791 |
| Platform services                             |     |                     |    5,244,360 |     |     |    4,397,213 |
| Managed activations and professional services |     |                     |      313,624 |     |     |      363,376 |
| Total revenues                                |     | $                   |    8,725,816 |     | $   |    6,316,380 |

|                |     | For the Years Ended | December 31, 
         2023 |     |     | December 31, 
         2022 |
|:---------------|:----|:--------------------|-------------:|:----|:----|-------------:|
|                |     | US$                 |              |     | US$ |              |
| U.S.           |     | $                   |    8