Company: JSKJ
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001477932-25-008401
Chunk: 237

Company: Jiansu (Shanghai) Information Technology Co., Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 237
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 Restrictions, which stipulates that a contractual restriction on the sale of an equity security should not be considered part of the equity security’s unit of account and, therefore, should not be considered in measuring its fair value. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2024, and interim periods within those fiscal years. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements.

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 standards 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- BUSINESS COMBINATION UNDER COMMON CONTROL

N/A

| F-15 |

Note 4 – ACCOUNTS RECEIVABLE

The accounts receivable consisted of the following:

|                             |     | As of June 30, |       2024 |   |     |   |       2023 |   |
|:----------------------------|:----|:---------------|-----------:|:--|:----|:--|-----------:|:--|
| Accounts receivable         |     | $              |  4,648,087 |   |     | $ |  8,884,684 |   |
| Allowance for credit losses |     |                | (1,015,838 | ) |     |   | (1,328,481 | ) |
| Accounts receivable, net    |     | $              |  3,632,249 |   |     | $ |  7,556,203 |   |

The movement of allowance for credit losses for the fiscal years ended June 30, 2024 and 2023 were as follows:

|                                      |     | For the Fiscal Year Ended June 30, |      2024 |   |     |   |      2023 |   |
|:-------------------------------------|:----|:-----------------------------------|----------:|:--|:----|:--|----------:|:--|
| Balance at the beginning of the year |     | $                                  | 1,328,481 |   |     | $ |   836,073 |   |
| Provision                            |     |                                    |    15,337 |   |     |   |