Company: AOAO
Filing Date: 2025-02-24
Form Type: S-1/A
Source: 0001493152-25-008010
Chunk: 115

Company: Alpha One Inc.
Filing Date: 2025-02-24
Form: S-1/A
Chunk 115
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 2024 |     |   |    2023 |
|:-----------------------------------------|:----|:------------|----------:|:----|:--|--------:|
| Bank loan from the Bank of China         |     | $           |   414,109 |     | $ | 435,377 |
| Bank of Communications                   |     |             |   270,071 |     |   |       - |
| SPD Bank                                 |     |             |   415,494 |     |   |       - |
| WeBank                                   |     |             |   390,169 |     |   | 208,224 |
| Aggregate outstanding principal balances |     |             | 1,489,843 |     |   | 643,601 |
| Less: current portion                    |     |             | 1,351,345 |     |   | 534,531 |
| Non-current portion                      |     | $           |   138,498 |     | $ | 109,070 |

The total interest expense was $57,767 and nil for the years ended March 31, 2024 and 2023, respectively.

Future minimum loan payments as of March 31, 2024 are as follows:

| Year ending March 31, 
 2025                  |     |   | 1,417,296 |
|:----------------------|:----|:--|----------:|
| 2026                  |     |   |    72,547 |
| Thereafter            |     |   |         - |
| Total                 |     | $ | 1,489,843 |

NOTE 13 – CONCENTRATIONS OF RISK

(a) Major customers

For the year ended March 31, 2024, the customers who accounted for more than 10% of the Company’s revenues and the accounts receivable balances at period-end are presented as follows:

|          |     | For            
 the year ended 
 March 31, 2024 |            |     |            |    |   |     | As             
 of             
 March 31, 2024 |           |
|:---------|:----|:---------------|-----------:|:----|:-----------|---:|:--|:----|:---------------|----------:|
|          |     | Revenues       |            |     | Percentage 
 of         
 revenues   |    |   |     | Accounts       
 receivable     |           |