ICZOOM Group Inc.
For the period ended Jun 18, 2025. Filed Jun 18, 2025.
View on SEC.govAbout this filing
What a company based outside the US has published at home or sent to its shareholders. It is how many foreign companies share results and news between annual reports.
Jun 18, 2025 · Filed Jun 18, 2025
Use the contents to explore the available documents and sections.
Contents
EX-99.1 · (b) Notes Payable
(b) Notes Payable
The Company has various credit facilities with PRC banks that provide for working capital in the form of notes payable. On May 21, 2024, the Company obtained another line of credit from Huaxia Bank of RMB 11 million (approximately $1.5 million) as working capital in the form of banker’s acceptance note. This note was interest free and with a maturity date on November 17, 2024. The Company pledged restricted cash of $0.16 million as collateral to secure this note. The notes payable was fully repaid on November 18, 2024.
NOTE 12 — ACCOUNTS PAYABLE
The Company’s accounts payable primarily include balance due to suppliers for purchase of electronic components products. The June 30, 2024 accounts payable balance has been fully settled. As of April 30, 2025, approximately 100.0% of the accounts payable balance as of December 31, 2024 has been settled.
The following table summarizes the Company’s outstanding accounts payable and subsequent settlement by aging bucket:
| Balance as of December 31, 2024 (Unaudited) | Subsequent settlement | % of collection | |
|---|---|---|---|
| Accounts payable aged less than 6 months | $10,627,849 | $10,625,576 | 100.0% |
| Total accounts payable | $10,627,849 | $10,625,576 | 100.0% |
| Balance as of June 30, 2024 (Audited) | Subsequent settlement | % of collection | |
|---|---|---|---|
| Accounts payable aged less than 6 months | $5,263,945 | $5,263,945 | 100.0% |
| Total accounts payable | $5,263,945 | $5,263,945 | 100.0% |
NOTE 13 — TAXES
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.