Company: AOAO
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001493152-25-018240
Chunk: 110

Company: Alpha One Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 110
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period beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15,
2027. However, the Board acknowledges that there was ambiguity between the intent in the basis for conclusions in Update 2024-03 and
the transition guidance that was included in the Codification when Update 2024-03 was issued. We do not expect the adoption of this accounting
standard to have an impact on our combined financial statements.

The Company does not believe
other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s
balance sheets, statements of income and statements of cash flows.

NOTE 3 – PREPAYMENTS AND OTHER CURRENT ASSETS, NET

Prepayments and other current assets consisted of the following as of March 31, 2025 and 2024:

|                                            |     | As of March 31, |      2025 |   |     |   |      2024 |   |
|:-------------------------------------------|:----|:----------------|----------:|:--|:----|:--|----------:|:--|
| Prepaid to suppliers                       |     | $               | 1,698,432 |   |     | $ |    25,833 |   |
| Deposits of rental and project             |     |                 |   225,115 |   |     |   |   323,320 |   |
| Advances to employees                      |     |                 |   224,365 |   |     |   |    37,954 |   |
| Other prepaid operating expenses           |     |                 |   378,222 |   |     |   |   766,556 |   |
| Other current asset                        |     |                 |    27,659 |   |     |   |         - |   |
| Total prepayments and other current assets |     |                 | 2,553,793 |   |     |   | 1,153,663 |   |
| Less: Allowance for doubtful accounts      |     |                 |  (118,565 | ) |     |   |    (4,438 | ) |
| Prepayments and other current assets, net  |     | $               | 2,435,228 |   |     | $ | 1,149,225 |   |

Allowance for doubtful accounts movement is as follows:

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