Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 231

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 231
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4-03 in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. The Company is currently evaluating the impact that the adoption of ASU 2024-03 will have on its related disclosures.

In March 2025, the FASB issued ASU 2025-02 - Liabilities (405): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 122. The amendments in this Update are effective immediately and on a fully retrospective basis to annual periods beginning after December 15, 2024. The Company is currently evaluating the effect of adoption of this standard to its consolidated financial statements and disclosures.

Other accounting standards that have been issued by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on, or are unrelated to, its consolidated financial condition, results of operations, cash flows or disclosures.

NOTE 3 - ACCOUNTS RECEIVABLE, NET

Accounts receivable from third-party customers, net, consist of the following:

                                                           As of March 31,                                            
                                                           2025                                 2024                  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Accounts receivable. third-party customers               $                    18,259,749      $          9,546,483  
  Less: allowance for estimated credit loss                                     ( 653,470)                ( 382,731)  
  Accounts receivable from third-party customers, net      $                    17,606,279      $          9,163,752  

Approximately97.9% of the March 31, 2024 gross accounts receivable balance has been collected by the end of August 2024. Approximately $12.3million or67.5% of the March 31, 2025 gross accounts receivable balance has been subsequently collected and the remaining balance is expected to be collected by the end of August 2025.

The following table summarizes the Company’s outstanding gross accounts receivable and subsequent collection by aging bucket:

                                           Balance as of                       Subsequent                      % of subsequent  
  Accounts receivable by aging bucket      March 31, 2025                      collection                           collection  
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