Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 329

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 329
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, 2025. The increase was primarily due to (1) an increase of $101,897 in professional service fees for the advisory, legal and audit services related to the business combination, (2) an increase of $25,075 in office and other variable rental, (3) an increase of $34,140 in customer relationship management expenses, and partially offset by an decrease of $27,514 in IT expenses.

Other income

Our other income primarily includes government subsidies. Other income was $522 for the year ended March 31, 2025 compared to $20,369 for the same period of 2024. The decrease was primarily due to decrease of government subsidies we received from Hong Kong government.

Interest income

Our interest income primarily consists of the interest from our cash deposit in banks. Our interest income was $905 for the year ended March 31, 2025 compared to $4,332 for the same period in 2024.

Income Taxes

We recorded income tax expense of $14,915 for the year ended March 31, 2025 and $37,227 for the same period in 2024, respectively.

Net Loss

We had a net loss of $792,883 for the fiscal year ended March 31, 2025, compared to a net income of $18,206 for the same period of 2024.

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The following table sets forth a summary of our cash flows for the periods indicated.

|                                                 |     | For the Twelve Months Ended March 
 31,                               |     2025 |   |     |   |    2024 |   |
|:------------------------------------------------|:----|:----------------------------------|---------:|:--|:----|:--|--------:|:--|
| Cash provided by (used in) operating activities |     | $                                 | (902,007 | ) |     | $ | 117,066 |   |
| Cash used in investing activities               |     |                                   |   (9,986 | ) |     |   | (50,168 | ) |
| Cash provided by financing activities           |     |                                   |  619,955 |   |     |   | 512,865 |   |

Operating Activities

Net cash used in operating activities was $902,007 for the year ended March 31, 2025, which was primarily due to (i) our net loss of $792,883, adjusted for adding back non-cash depreciation