Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 232

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 232
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8,123,120  
  Less: allowance for doubtful account                                                   —                        —          
  Advance to vendors, net                                           $                    9,400,197      $         8,123,120  

Advances to vendors represents balance paid to various vendors for performing the auto insurance aftermarket value-added services (such as car wash, car towing and car inspection, etc.) that the Company outsources to them, and such services have not been completed as of the balance sheet dates. Advances to vendors also include prepayment to external media channel operators in order to help customers to post their ads. These advances are interest free, unsecured and short-term in nature and are reviewed periodically to determine whether their carrying value has become impaired. As of March 31, 2025 and 2024, there wasnoallowance recorded as the Company considers all of the advance to vendors balance fully realizable.

The March 31, 2024 advance to supplier balance has been fully realized when the vendors have rendered the value-added services for the Company. For the balance as of March 31, 2025, approximately $8.99million or95.6% of advances to vendors balance has been realized subsequently through to the report date when the vendors rendered the value-added services for the Company, and the remaining balance is expected to be realized by the end of September 2025.

NOTE 5 - LEASES

Effective on April 1, 2021, the Company adopted Topic 842. At the inception of a contract, the Company determines if the arrangement is, or contains, a lease. ROU assets represent the Company’s right to use an underlying asset over the lease term and lease liabilities represent the Company’s obligation to make lease payments derived from the lease.

Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease terms. Rent expense is recognized on a straight-line basis over the lease terms.

Balance sheet information related to operating leases ROU assets and lease liabilities is as follows:

                                                                     As of March 31,                                            
                                                                     2025                                 2024                  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Operating lease right-of-use assets                                $                       394,568      $            463,253  
  Operating lease right-of-use assets- accumulated amortization                           ( 250,033)                ( 238,418)  
  Operating lease right-of-use assets, net                           $