Company: FSTWF
Filing Date: 2025-07-08
Form Type: F-1/A
Source: 0001213900-25-061884
Chunk: 190

Company: FST Corp.
Filing Date: 2025-07-08
Form: F-1/A
Chunk 190
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, NET

Accounts receivable and notes receivable, net consisted of the following:

|                                    |     | As of December 31, |      2024 |   |     |   |      2023 |   |
|:-----------------------------------|:----|:-------------------|----------:|:--|:----|:--|----------:|:--|
| Accounts receivable, gross         |     | $                  | 5,558,022 |   |     | $ | 4,955,083 |   |
| Notes receivable                   |     |                    |    13,864 |   |     |   |    22,463 |   |
| Allowance for credit losses        |     |                    |  (277,798 | ) |     |   |  (245,888 | ) |
| Accounts and notes receivable, net |     | $                  | 5,294,088 |   |     | $ | 4,731,658 |   |

The changes in the provision for credit losses are as follows:

|                                      |     | For the Years Ended 
 December 31,        |    2024 |   |     |   |     2023 |   |
|:-------------------------------------|:----|:--------------------|--------:|:--|:----|:--|---------:|:--|
| Balance at the beginning of the year |     | $                   | 245,888 |   |     | $ |  400,797 |   |
| Additions                            |     |                     |  34,730 |   |     |   |    1,652 |   |
| Reverse                              |     |                     |       — |   |     |   | (154,929 | ) |
| Exchange rate difference             |     |                     |  (2,820 | ) |     |   |   (1,632 | ) |
| Balance at the end of the year       |     | $                   | 277,798 |   |     | $ |  245,888 |   |

4. INVENTORIES, NET

Inventories consisted of the following:

|                               |     | As of December 31, |       2024 |   |     |   |       2023 |   |
|:------------------------------|:----|:-------------------|-----------:|:--|:----|:--|-----------:|:--|
| Raw