Company: AOAO
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001493152-25-001624
Chunk: 93

Company: Alpha One Inc.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 93
---
 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.

Basis of presentation

These consolidated financial statements, accompanying notes, and related disclosures have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). These financial statements have been prepared using the accrual basis of accounting in accordance with the generally accepted accounting principles in the United States (“U.S. GAAP”). The Company’s fiscal year end is March 31. The Company’s financial statements are presented in U.S. dollars.

Basis of consolidation

The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. The results of subsidiaries acquired during the respective periods are included in the consolidated statements of operations from the effective date of acquisition or up to the effective date of disposal, as appropriate. The portion of the income or loss applicable to noncontrolling interests in subsidiaries is reflected in the consolidated statements of operations.

As of March 31, 2024, details of the Company’s major subsidiaries were as follows:

| Entity                                    
 Name                                      
 Zhongyun                                  
 (BVI) Ltd                                 
 Zhongyun                                  
 Investment Hong Kong Ltd                  |     | Date          
 of            
 Incorporation 
 December      
 6, 2022       
 December      
 23, 2022      |     | Parent   
 Entity   
 AOAO     
 Zhongyun 
 BVI      |     | Nature                                                     
 of Operation                                               
 Investment                                                 
 holding                                                    
 Investment                                                 
 holding                                                    |     | Place          
 of             
 Incorporation  
 British        
 Virgin Islands 
 Hong           
 Kong           |
|:------------------------------------------|:----|:--------------|:----|:---------|:----|:-----------------------------------------------------------|:----|:---------------|
| Shenzhen                                  
 zhongyun communication technology Co. Ltd |     | August        
 25, 2020      |     | Zhongyun 
 HK       |     | Communiciation                                             
 engineer project service and intelligent products’ trading |