Company: AOAO
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001493152-25-018240
Chunk: 99

Company: Alpha One Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 99
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710 |     |   | 3,732,891 |
| Over 24 months     |     |                 | 3,275,471 |     |   |         - |
|                    |     | $               | 9,070,199 |     |   | 9,932,684 |

The credit term for the customers of telecommunication engineering services was 90 days after the quality acceptance checked. As of March 31, 2025 and 2024, there were $9,038,147 and $8,342,626 respectively past due from the original contract payment terms.

Contract costs

Contract costs comprises direct labour costs and those overheads during the implementation of telecommunication construction that have been incurred, where the costs were temporarily capitalised as a balance sheet item. Contract costs are recognised as part of cost of sales in the statement of profit or loss and other comprehensive income in the period in which revenue is recognised.

Property and equipment, net

Property and equipment are carried at cost less accumulated depreciation. Depreciation is provided over their estimated useful lives, using the straight-line method. Estimated useful lives of the property and equipment are as follows:

| Categories    |     | Estimated   
 useful life |
| Office        
 equipment     |     | 3-5         
 years       |
| Office        
 furniture     |     | 5           
 years       |
| Leasehold     
 improvement   |     | 10          
 years       |
| Communication 
 equipment     |     | 3           
 years       |

The cost of maintenance and repairs is charged to expenses as incurred, whereas significant renewals and betterments are capitalized.

Intangible assets, net

Indefinite-lived intangible assets are tested for impairment at least annually and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Indefinite-lived intangible assets are impaired if their estimated fair values are less than their carrying values.

Finite-lived intangible assets are carried at cost less accumulated amortization and impairment if any. The finite-lived intangible assets are amortized over their estimated useful lives, which are the period over which the assets are expected to contribute directly or indirectly to the future cash flows of the Company. These intangible assets are tested for impairment at the time of a triggering event, if one were to occur. Finite-lived intangible assets may be impaired when the estimated undiscounted future cash flows generated from the assets are less than their carrying amounts.

The Company may rely on a qualitative assessment