Related party transactions (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Related Party Transactions [Abstract] |
|
| Schedule of prepayments - related party |
Schedule of prepayments - related party
| Name
of Related Party | |
Relationship | |
Nature | |
As
of June
30, 2026 | | |
As
of December
31, 2025 | |
| | |
| |
| |
US$ | | |
US$ | |
| VD
Capital Pty. Ltd. | |
KNOREX
Ltd’s shareholder >5% and <10% of shareholding | |
Prepayments
of consulting services for corporate development, capital management and fundraising | |
$ | 1,032,500 | | |
$ | 2,777,500 | |
| Total | |
| |
| |
$ | 1,032,500 | | |
$ | 2,777,500 | |
|
| Schedule of short-term loans - related parties |
Schedule of short-term loans - related parties
| Name
of Related Party | |
Relationship | |
Term | |
Nature | |
As
of June
30, 2026 | | |
As
of December
31, 2025 | |
| | |
| |
| |
| |
| US$ | | |
| US$ | |
| Kheng
Ee Lennon Teng | |
Group
General Manager of the Company | |
15%(1)
interest per annum, maturity date extended from 9/9/2025 to 10/9/2026 | |
Working
capital loan | |
$ | 14,866 | | |
$ | 14,866 | |
| Kheng
Ee Lennon Teng | |
Group
General Manager of the Company | |
15%(2)
interest per annum, maturity date extended from 9/9/2025 to 10/9/2026 | |
Working
capital loan | |
| 37,386 | | |
| 37,386 | |
| Wilson
Chandra | |
Director
and President | |
Non-interest
bearing and due on demand | |
Working
capital loan | |
| 1,036 | | |
| 1,036 | |
| Franklin
Capital Enterprise Ltd. | |
KNOREX
Ltd’s shareholder >10% of shareholding | |
15%
interest per annum, maturity date is 10/9/2026 | |
Working
capital loan | |
| 200,000 | | |
| 200,000 | |
| Exchange
rate difference | |
| |
| |
| |
| 1,979 | | |
| 2,332 | |
| Total | |
| |
| |
| |
$ | 255,267 | | |
$ | 255,620 | |
| Short-term loans - related parties | |
| |
| |
| |
$ | 255,267 | | |
$ | 255,620 | |
| (1) |
The
short-term loans currently bear interest at 15.0% per annum following an amendment effective October 9, 2025. Prior to this effective
date, under the original terms of the agreements, the loans accrued interest at a rate of 1.25% per week from their respective origination
dates through October 8, 2025. |
| (2) |
The
short-term loans currently bear interest at 15.0% per annum following an amendment effective October 9, 2025. Prior to this effective
date, under the original terms of the agreements, the loans accrued interest at a rate of 30% per annum from their respective origination
dates through October 8, 2025. |
|
| Schedule of other payables - related parties |
Schedule of other payables - related parties
| Name
of Related Party |
|
Relationship |
|
Nature |
|
As
of
June
30, 2026 |
|
|
As
of
December
31, 2025 |
|
| |
|
|
|
|
|
US$ |
|
|
US$ |
|
| Kheng
Ee Lennon Teng |
|
Group
General Manager of the Company |
|
Employee
reimbursement |
|
$ |
12,250 |
|
|
$ |
12,192 |
|
| Le
Truong Vinh Phu |
|
Vice
President of Operations of the Company |
|
Employee
reimbursement |
|
|
- |
|
|
|
23,842 |
|
| Kheng
Ee Lennon Teng |
|
Group
General Manager of the Company |
|
Interest
Accrual – Related Parties |
|
|
26,494 |
|
|
|
22,530 |
|
| Wilson
Chandra |
|
Director
and President |
|
Interest
Accrual – Related Parties |
|
|
363 |
|
|
|
363 |
|
| Abhishek
Kumar |
|
Vice
President of Product and Engineering |
|
Employee
reimbursement |
|
|
- |
|
|
|
2,886 |
|
| Franklin
Capital Enterprise Ltd |
|
KNOREX
Ltd’s shareholder >10% of shareholding |
|
Interest
Accrual – Related Parties |
|
|
67,189 |
|
|
|
70,822 |
|
| Khar
Heng Choo |
|
Chairman
and Chief Executive Officer |
|
Employee
reimbursement |
|
|
- |
|
|
|
5,261 |
|
| Total |
|
|
|
|
|
$ |
106,296 |
|
|
$ |
137,896 |
|
| Other payables - related parties |
|
|
|
|
|
$ |
106,296 |
|
|
$ |
137,896 |
|
|
| Schedule of general and administrative expenses |
Schedule of general and administrative expenses
| Name
of Related Party |
|
Relationship |
|
Nature |
|
For the six months ended
June 30, 2026 |
|
|
For
the six months ended
June
30, 2025 |
|
| |
|
|
|
|
|
US$ |
|
|
US$ |
|
| VD
Capital Pty. Ltd. |
|
KNOREX
Ltd’s shareholder >5% and <10% of shareholding |
|
Consulting
services for corporate development, capital management and fundraising |
|
$ |
1,745,000 |
|
|
$ |
- |
|
| Total |
|
|
|
|
|
$ |
1,745,000 |
|
|
$ |
- |
|
|