Company: AOAO
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001493152-25-001624
Chunk: 65

Company: Alpha One Inc.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 65
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 funds, there can be neither any assurances to that effect, nor any assurance that the Company will be successful in securing sufficient funds to sustain the operations. In long-term, the continuation of the Company as a going concern is dependent upon (i) further implement management’s business plan to extend its operations and generate sufficient revenues to meet its obligations; (ii) Shorten customer payment terms and extend supplier payment terms; and (iii) maintain to obtain the revolving credit lines and loans with lower interest from the bank.

Management believes that the actions presently being taken to obtain additional funding and implement its strategic plan provides the opportunity for the Company to continue as a going concern.

Working Capital

|                           |     |   |  September 
        30, 
       2024 |     |   | March 31, 2024 |     |   |   Change |   |
|:--------------------------|:----|:--|-----------:|:----|:--|---------------:|:----|:--|---------:|:--|
| Total current assets      |     | $ | 11,492,802 |     | $ |     11,588,952 |     | $ |  (96,150 | ) |
| Total current liabilities |     |   |  9,834,282 |     |   |      9,070,491 |     |   |  763,791 |   |
| Working capital           |     | $ |  1,658,520 |     | $ |      2,518,461 |     | $ | (859,941 | ) |

As of September 30, 2024, we had total current assets of $11,492,802 consisting of cash on hand of $3,225, net accounts receivable of $9,632,028, net prepayments and other receivables of $1,706,841 and due from related party of $150,708, as compared to total current assets of $11,588,952 as of March 31, 2024. The decrease was mainly reflected in lesser cash and cash equivalents. As of September 30, 2024, we had current liabilities of $9,834,282 consisting of current portion of operating lease liabilities of $1,647, accounts payable of $1,208,325, accrued expenses and other payables of $4,426,149, current portion of bank borrowings of $1,433,657 and