JRSH — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-12

• Between January 2010 and March 2025, all apparel manufactured in Jordan could be exported to the U.S. without customs duty being imposed, pursuant to the United States-Jordan Free Trade Agreement entered into in December 2001. This free trade agreement provided us with substantial competitiveness an…

• During the three months ended June 30, 2026, aggregate sales to China and Hong Kong, Korea, Jordan, and other locations increased by 50% from $7.6 million to $11.3 million from the same period last year. This increase was mainly because of our effort in diversification of client base in bringing in …

• Selling, general and administrative expenses. Operating expenses increased by 10%, or approximately $0.5 million, from approximately $5.1 million for the same period in fiscal 2026, to approximately $5.6 million for the three months ended June 30, 2026. The increase was primarily due to an increase …

• Other expenses, net. Other expenses, net were approximately $546,000 for the three months ended June 30, 2026, as compared to other expenses, net of approximately $307,000 for the same period in fiscal 2026. The increase was primarily due to higher revenue from two major customers participating in s…

• Income tax expenses. Income tax expenses for the three months ended June 30, 2026, were approximately $404,000 compared to income tax expenses of approximately $329,000 for the same period in fiscal 2026. The increase in the income tax expenses was mainly due to an increase in net profit of Jerash G…

Text removed vs the prior filing · source: 10-Q · 2026-02-10

• Between January 2010 and March 2025, all apparel manufactured in Jordan could be exported to the U.S. without customs duty being imposed, pursuant to the United States-Jordan Free Trade Agreement entered into in December 2001. This free trade agreement provided us with substantial competitiveness an…

• During the three months ended December 31, 2025, aggregate sales to China, Korea, Jordan, and other locations increased by 47% from $4.3 million to $6.3 million from the same period last year. This increase was mainly due to the introduction of a customer in Korea, which started to have bulk shipmen…

• Operating expenses. Operating expenses increased by 9%, or approximately $0.4 million, from approximately $4.7 million for the three months ended December 31, 2024, to approximately $5.1 million for the three months ended December 31, 2025. The increase in operating expenses was primarily due to the…

• Other expenses, net. Other expenses, net were approximately $418,000 for the three months ended December 31, 2025, compared to other expenses, net of approximately $252,000 for the same period in fiscal 2025. The increase was primarily due to exchange loss and the increase in utilization of bank fac…

• Income tax expenses. Income tax expenses for the three months ended December 31, 2025, were approximately $368,000 compared to income tax expenses of approximately $450,000 for the same period in fiscal 2025. The decrease in the income tax expenses was mainly due to tax provision adjustment in fisca…

Text added vs the prior filing · source: 10-Q · 2026-08-12

• The Company’s management, with the participation of our Chief Executive Officer (principal executive officer) and Chief Financial Officer (principal financial officer), evaluated the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as…

• In accordance with their evaluation of our disclosure controls and procedures, they have assessed the effectiveness of our internal control over financial reporting as of June 30, 2026 and concluded that our internal control over financial reporting was effective. In making this assessment, manageme…

Text removed vs the prior filing · source: 10-Q · 2026-02-10

• Our Chief Executive Officer (principal executive officer) and Chief Financial Officer (principal financial officer), based on their evaluation of our disclosure controls and procedures as of December 31, 2025, concluded that our disclosure controls and procedures were effective as of that date based…

• Based on the assessment using those criteria, management concluded that, as of March 31, 2024, our internal control over financial reporting was not effective because there were ineffective information technology general controls in the areas of privileged user access and the review of user access o…

• Although some remedial actions have been implemented to address the issues, in the annual report for fiscal 2025 filed on June 26, 2025, the management concluded that, as of March 31, 2025, our internal control over financial reporting was still ineffective as some of the control deficiencies surrou…

• Additional remedial actions have then been implemented to address the issues. In the assessment in fiscal 2026, the management concluded that, as of December 31, 2025, our internal control over financial reporting was effective after review and testing of the effectiveness of the remedial actions.