Company: FSTWF
Filing Date: 2025-07-25
Form Type: 424B3
Source: 0001213900-25-067790
Chunk: 185

Company: FST Corp.
Filing Date: 2025-07-25
Form: 424B3
Chunk 185
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 is effective for annual periods in fiscal years beginning after December 15, 2026, and interim periods thereafter. Early adoption is permitted. The ASU applies on a prospective basis for periods beginning after the effective date. However, retrospective application to any or all prior periods presented is permitted. The Group is currently evaluating the impact of adoption of this standard on its consolidated financial statements. Recent 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 Group does not discuss recent standards that are not anticipated to have an impact on or are unrelated to its consolidated financial position, results of operations, cash flows or disclosures. 3.ACCOUNTS AND NOTES RECEIVABLE, 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                              |     |                     |