Leases

12 Months Ended

Dec. 31, 2025

Leases

Leases

Note 11 – Leases

On November 29, 2022, KNOREX MY entered into a lease agreement of the office in Malaysia. The lease term was from December 1, 2022 to November 30, 2024. The lease payments are approximately $700 per month. The lease was early terminated on March 31, 2024.

On December 30, 2022, KNOREX VN entered into a lease agreement of the office in Vietnam. The lease term was from January 1, 2023 to December 31, 2024. The lease payments are approximately $2,500 per month for the period commenced January 1, 2023 and ended May 31, 2023, approximately $2,800 per month for the period commenced June 1, 2023 and ended December 31, 2023, approximately $2,900 per month for the period commenced January 1, 2024 and ended December 31, 2024. The lease was expired on December 31, 2024. In January 2025, the Company renewed the lease for one year and extended the expiration date to be on December 31, 2026 approximately $3,000 per month.

On January 6, 2024, KNOREX IN entered into a lease agreement of the office in India. The lease term was from January 15, 2024 to January 14, 2029. The lease payments are approximately $3,000 per month for the period commenced January 15, 2024 and ended January 14, 2025, approximately $3,100 per month for the period commenced January 15, 2025 and ending January 14, 2026, approximately $3,300 per month for the period commencing January 15, 2026 and ending January 14, 2027, approximately $3,500 per month for the period commencing January 15, 2027 and ending January 14, 2028, approximately $3,600 per month for the period commencing January 15, 2028 and ending January 14, 2029.

The components of the lease expenses consist of the following:

	For the Years Ended
	December 31, 2025		December 31, 2024		December 31, 2023
	US$		US$		US$
Operating lease cost
Lease expenses	$	39,040	$	76,632	$	44,288
Lease expenses – short-term		84,801		50,843		47,375
Total lease expenses	$	123,841	$	127,475	$	91,663

Weighted-average remaining term and discount rate related to leases were as follows:

	As of			As of
	December 31, 2025			December 31, 2024
	US$			US$
Weighted-average remaining term
Operating lease		3.04 year			4.04 year
Weighted-average discount rate
Operating lease		6.85	%		6.85	%

The following table sets forth the Company’s minimum lease payments in future periods as of December 31, 2025:

	Operating lease			Short-term lease
	payments			payments			Total
	US$			US$			US$
Twelve months ending December 31, 2026	$	37,568		$	47,398		$	84,966
Twelve months ending December 31, 2027		39,446			-			39,446
Twelve months ending December 31, 2028		41,418			-			41,418
Total minimum lease payments		118,432			47,398			165,830
Less: discount		(11,888	)		-			(11,888	)
Present value of minimum lease payments		106,544			47,398			153,942
Less: minimum lease payments, current		(31,238	)		(47,398	)		(78,636	)
Minimum lease payments, non-current	$	75,306		$	-		$	75,306