Company: AOAO
Filing Date: 2025-09-16
Form Type: S-1/A
Source: 0001493152-25-013575
Chunk: 109

Company: Alpha One Inc.
Filing Date: 2025-09-16
Form: S-1/A
Chunk 109
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, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated.

| F-13 |

Recent Accounting Pronouncement

In July 2023, the FASB issued
ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendments in ASU 2023-07 improve reportable
segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses, The amendments in ASU 2023-07
improve financial reporting by requiring disclosure of incremental segment information on an annual and interim basis for all public
entities to enable investors to develop more decision-useful financial analyses. The amendments are effective for fiscal years beginning
after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The
adoption of this guidance did not have a material impact on its financial position, results of operations and cash flows.

In December 2023, the FASB
issued ASU 2023-09, which is an update to Topic 740, Income Taxes. The amendments in this update related to the rate reconciliation and
income taxes paid disclosures improve the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation
of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. The amendments allow investors to
better assess, in their capital allocation decisions, how an entity’s worldwide operations and related tax risks and tax planning
and operational opportunities affect its income tax rate and prospects for future cash flows. The other amendments in this Update improve
the effectiveness and comparability of disclosures by (1) adding disclosures of pretax income (or loss) and income tax expense (or benefit)
to be consistent with U.S. Securities and Exchange Commission (SEC) Regulation S-X 210.4-08(h), Rules of General Application—General
Notes to Financial Statements: Income Tax Expense, and (2) removing disclosures that no longer are considered cost beneficial or relevant.
For public business entities, the amendments in this Update are effective for annual periods beginning after December 15, 2024. For entities
other than public business entities, the amendments are effective for annual periods beginning after December 15, 202