Company: AOAO
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001493152-25-001624
Chunk: 105

Company: Alpha One Inc.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 105
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|:--|:----|:-----|:--|
| Beginning balance                       |     | $           | -        |   |     | $    | - |
| Additions to allowance                  |     |             | (186,649 | ) |     |      | - |
| Foreign currency translation adjustment |     |             | -        |   |     |      | - |
| Ending balance                          |     | $           | (186,649 | ) |     | $    | - |

NOTE 5 – PROPERTY AND EQUIPMENT, NET

Property and equipment consisted of the following as of March 31, 2024 and 2023:

|                                         |     | As of March 
 31,         |    2024 |   |     |   |    2023 |   |
|:----------------------------------------|:----|:------------|--------:|:--|:----|:--|--------:|:--|
| Office equipment                        |     | $           |   9,322 |   |     | $ |   5,124 |   |
| Furniture equipment                     |     |             |  16,695 |   |     |   |  16,018 |   |
| Communication equipment                 |     |             |  39,582 |   |     |   |  14,295 |   |
| Leasehold improvement                   |     |             | 116,483 |   |     |   | 116,483 |   |
| Total property and equipment            |     |             | 182,082 |   |     |   | 151,920 |   |
| Less: Accumulated depreciation          |     |             | (38,397 | ) |     |   | (12,408 | ) |
| Foreign currency translation adjustment |     |             |  (7,422 | ) |     |   |       - |   |
| Property and equipment, net             |     | $           | 136,263 |   |     | $ | 139,512 |   |

Depreciation expense, which was included in cost of revenues and general and administrative expenses, for the years ended March 31, 2024 and 2023 was $26,594and $12,408, respectively.

| F-14 |

NOTE 6 – INTANGIBLE ASSETS

Intangible assets and related accumulated amortization were as follows:

|                                         |     | As of March