Company: AOSL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001387467-25-000044
Chunk: 21

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 21
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, are as follows:Nine Months Ended March 31,20252024(in thousands)Beginning balance$4,660 $5,588 Additions8,175 7,849 Utilization(7,860)(8,759)Ending balance$4,975 $4,678 Other long-term liabilities:  March 31,2025June 30,2024(in thousands)Customer deposits$8,000 $19,661 Computer software liabilities53 — Other long-term liabilities$8,053 $19,661 Customer deposits are payments received from customers for securing future product shipments.  As of March 31, 2025, $5.0 million for such deposits were from Customer A, $1.0 million were from Customer B, and $2.0 million were from other customers.  As of June 30, 2024, $12.0 million were from Customer A, $2.0 million were from Customer B, and $5.7 million were from other customers.

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ALPHA AND OMEGA SEMICONDUCTOR LIMITEDNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

7. Bank Borrowings 

Short-term borrowingsIn March 2024, Bank of Communications Limited in China provided a line of credit facility to one of the Company’s subsidiaries in China.  The purpose of the credit facility is to provide working capital borrowings.  The Company could borrow up to approximately RMB 140 million or $19.3 million based on currency exchange rate between RMB and U.S. Dollar on March 31, 2025.  This line of credit expired on March 15, 2025.  As of March 31, 2025, there was no outstanding balance for this loan.In September 2023, China Construction Bank provided a line of credit facility to one of the Company’s subsidiaries inChina. The purpose of the credit facility is to provide working capital borrowings.  The Company could borrow up to approximately RMB 50 million or $6.9 million based on currency exchange rate between RMB and U.S. Dollar on March 31, 2025 with a maturity date of September 8, 2025.  As of March 31, 2025, there was no outstanding balance for this loan.Accounts Receivable Factoring AgreementOn August 9,