Company: AOAO
Filing Date: 2025-02-24
Form Type: S-1/A
Source: 0001493152-25-008010
Chunk: 131

Company: Alpha One Inc.
Filing Date: 2025-02-24
Form: S-1/A
Chunk 131
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Revenue recognition

The Company follows the guidance of ASC 606, revenue from contracts with customers is recognized using the following five steps:

| 1. | Identify                                                                  
 the contract(s) with a customer;                                          |
| 2. | Identify                                                                  
 the performance obligations in the contract;                              |
| 3. | Determine                                                                 
 the transaction price;                                                    |
| 4. | Allocate                                                                  
 the transaction price to the performance obligations in the contract; and |
| 5. | Recognize                                                                 
 revenue when (or as) the entity satisfies a performance obligation.       |

Under Topic 606, revenues are recognized when the promised products have been confirmed of delivery or services have been transferred to the consumers in amounts that reflect the consideration the customer expects to be entitled to in exchange for those services. The Company presents value added taxes (“VAT”) as reductions of revenues. The Company recognizes revenues net of value added taxes (“VAT”) and relevant charges.

Telecommunication Construction Services

The Company recognizes revenue from provision of Telecommunication Construction Services over time because the Company’s construction activities create or enhance assets controlled by the customers. The Company adopts the input method to measure performance progress and revenue is recognized based on the proportion of the actual costs incurred relative to the estimated total costs. Where the performance progress cannot be determined reasonably, revenue is recognized based on the amount of cost that is expected to be compensated based on the cost already incurred, until the performance progress can be reasonably determined.

Intelligent products

We recognize the net product revenues from the product sales model on a gross basis as the Company is acting as a principal in these transactions and is responsible for fulfilling the promise to provide the specified goods. We generate revenue primarily from the sales of intelligent products directly to the customers, with majority of sales transactions were conducted offline. We recognize product revenue at a point in time when the control of the products has been transferred to customers. The transfer of control is considered complete when products have been picked up by or delivered to our customers. We account for shipping and handling fees as a fulfillment cost.

The following table provides information about disaggregated revenue based on revenue by product types:

|                                        |     | 2024 | Three months ended September 30, |     | 2023 |           |     | 2024 | Six months ended September 30, |     | 2023 |           |
|:---------------------------------------|:----|:-----|---------------------------------:|:----|:-----|----------:|:----|:-----|