Company: AOAO
Filing Date: 2025-07-30
Form Type: S-1/A
Source: 0001641172-25-021532
Chunk: 105

Company: Alpha One Inc.
Filing Date: 2025-07-30
Form: S-1/A
Chunk 105
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 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-13 |

Recent Accounting Pronouncement

In December 2023, the FASB
issued guidance to enhance transparency of income tax disclosures, On an annual basis the new guidance requires a public entity to disclose:
(1) specific categories in the rate reconciliation, (2) additional information for reconciling items that are equal to or greater than
5% of the amount computed by multiplying income (or loss) from continuing operations before income tax expense (or benefit) by the applicable
statutory income tax rate, (3) income taxes paid (net of refunds received) disaggregated by federal (national), state, and foreign taxes,
with foreign taxes disaggregated by individual jurisdictions in which income taxes paid is equal to or greater than 5% of total income
taxes paid, (4) income (or loss) from continuing operations before income tax expense (or benefit) disaggregated between domestic and
foreign, and (5) income tax expense (or benefit) from continuing operations disaggregated between federal (national), state and foreign.
The guidance is effective for fiscal year 2025 annual reporting, with early adoption permitted, to be applied on a prospective basis,
with retrospective application permitted. We do not expect the adoption of this accounting standard to have an impact on our combined
financial statements but will require certain additional disclosures.

In December 2023, the FASB
issued a final standard on improvements to income tax disclosures. The standard requires disaggregated information about a reporting
entity’s effective tax rate reconciliation as well as information on income taxes paid. The standard is intended to benefit investors
by providing more detailed income tax disclosures that would be useful in making capital allocation decisions. ASU 2023-09, Improvements
to Income Tax Disclosures, applies to all entities subject to income taxes. For public business entities (PBEs), the new requirements
will be effective for annual periods beginning after December