Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 445

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 445
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1.00each. On May 11, 2022, the Company issued total 1ordinary share at a price of $1per share to the founder - Ms. Ding. Subsequently, on October 10, 2023, the Company allotment 8,499and 1,500ordinary shares at a price of $1.00per share to the founder and four minority shareholders, respectively (the “ Oct-2023 Allotment”). The allotment was accounted for as a stock split. In accordance with SEC SAB Topic 4-C, A capital structure change, such as a stock split or reverse split occurs after the date of the latest reported balance sheet but before the release of the financial statements or the effective date of the registration statement, which is later, must be given retroactive effect in the balance sheet. Thus, the information of Oct-2023 Allotment has been retrospectively presented in consolidated balance sheets and consolidated statements of changes in stockholders’ equity to reflect such stock split for all periods presented.

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NOTE 9 - CONCENTRATIONS

Concentrations

For the year ended March 31, 2025, two partnered insurance providers accounted for approximately 51.2% and 40.0% of the Company’s total revenue and one partnered insurance provider accounted for approximately 92.0% of the total accounts receivable balance as of March 31, 2025. For the year ended March 31, 2024, two partnered insurance providers accounted for approximately 69.9% and 21.8% of the Company’s total revenue and two partnered insurance providers accounted for approximately 63.8% and 35.7% of the total accounts receivable balance as of March 31, 2024.

For the year ended March 31, 2025, five vendors, i.e. insurance intermediaries, accounted for approximately 26.2%, 22.2%, 16.3%, 15.4% and 12.4% of the total purchases, and two vendors accounted for 72.0% and 18.0% of the total accounts payables as of March 31, 2025. For the year ended March 31, 2024, three venders accounted for approximately 38.6%, 37.6% and 15.3% of the total purchases, and three vendors accounted for 47.6%, 31.1%