Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 139

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 139
---
 proceeds of $496,300 from long-term bank loans borrowed by the YSX Operating Companies from the PRC banks and their repayment of $613,076 of such long-term bank loans, iii) repayment of $145,970 of long-term bank loans to a related party, iv) proceeds of $63,129 from borrowing from related parties and v) capital contribution of $828,056 by our shareholders to increase the paid in capital of the VIE entities.

Commitments and contingencies

From time to time, we are a party to various legal actions arising in the ordinary course of business. We accrue costs associated with these matters when they become probable and the amount can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred. For the years ended March 31, 2024 and 2023, we did not have any material legal claims or litigation that, individually or in the aggregate, could have a material adverse impact on our consolidated financial position, results of operations and cash flows.

As of March 31, 2025, we had the following contractual obligations:

                                      Total                     Less than 1 year                     1-3 years                             
  Prepayment of short-term loans      $          4,131,354      $                     4,131,354      $                      —      —       
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Repayment of long-term loans                   1,860,349                              578,775                     1,281,574      —       
  Operating lease obligations                      160,645                               93,676                        47,688      19,281  
  Total                               $          6,152,348      $                     4,803,805      $              1,329,263      19,281  

  (1)      As of March 31, 2025, we borrowed a total of $5,991,703 in loans from PRC banks and financial institutions for working capital (including short-term loans of $4,131,354, current portion of long...  

  (2)      The Company leases office spaces from third parties under a non-cancelable operating lease. Lease expense for the years ended March 31, 2025, 2024 and 2023 was $89,735, $76,590 and $75,818, res...  
 ─────────────────────────────────────────────────────────────────────────