Company: AOAO
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001493152-25-018240
Chunk: 142

Company: Alpha One Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 142
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5, two customers accounted for 81%, 16% of the Company’s total revenues. For the three months ended June 30, 2024, two customers accounted for 50%, and 43% of the Company’s total revenues. As of June 30, 2025, three customers accounted for 16%, 33% and 38% of the total accounts receivable balance, respectively. As of March 31, 2025, two customers accounted for 59% and 38% of the total accounts receivable balance, respectively. For the three months ended June 30, 2025, one supplier accounted for 88% of the Company’s total cost of revenues.For the three months ended June 30, 2024, no supplier that accounted for more than 10% of the cost of revenues. As June 30, 2025, three suppliers accounted for 32%, 30% and 10% of the total balance of accounts payable, respectively. As of March 31, 2025, no supplier that accounted for more than 10% of the accounts payable.

Interest rate risk

Fluctuations in market interest rates may negatively affect our financial condition and results of operations. The Company is exposed to floating interest rate risk on cash deposit and floating rate borrowings, and the risks due to changes in interest rates is not material. The Company has not used any derivative financial instruments to manage our interest risk exposure.

Related party transaction

A related party is generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties.

Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, 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-31 |

Recent Accounting Pronouncement

In July 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic