Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 37

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 37
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including an accounts receivable balance of $17,606,279 from third-party customers and an accounts receivable balance of $5,381,535 from related party customers) as of March 31, 2025, (ii) US$12,035,624 (including an accounts receivable balance of $9,163,752 from third-party customers and an accounts receivable balance of $2,871,872 from related party customers) as of March 31, 2024, and (iii) US$7,386,526 (including an accounts receivable balance of $6,441,838 from third-party customers and an accounts receivable balance of $944,688 from related party customers) as of March 31, 2023. We recognized credit loss expenses of $653,470, $382,731, and $529,003 as of March 31, 2025, 2024, and 2023, respectively.

We have limited sources of working capital and may need substantial additional financing.

The working capital required to implement our business strategy will most likely be provided by revenues generated by our business. No assurance can be given that we will have revenues sufficient to sustain our operations or that we would be able to obtain equity/debt financing in the current economic environment. If we do not have sufficient working capital and are unable to generate sufficient revenues or raise additional funds, we may delay the completion, or significantly reduce the scope, of our current business plan; delay some of our development or marketing efforts; postpone the hiring of new personnel; or, under certain dire financial circumstances, substantially curtail or cease our operations.

As of March 31, 2025, we had cash of approximately $7.1 million, total current assets of approximately $40.6 million and total current liabilities of approximately $12.1 million. As of March 31, 2024, we had cash of approximately $4.3 million, total current assets of approximately $27.5 million and total current liabilities of approximately $7.2 million. As of March 31, 2023, we had cash of approximately $3.4 million, total current assets of approximately $19.8 million and total current liabilities of approximately $5.0 million. We may need to engage in capital-raising transactions in the near future. Such financing transactions may cause substantial dilution to our shareholders and could involve the issuance of securities with rights senior to the outstanding shares. Our ability to access additional financing