Company: AOAO
Filing Date: 2025-09-16
Form Type: S-1/A
Source: 0001493152-25-013575
Chunk: 100

Company: Alpha One Inc.
Filing Date: 2025-09-16
Form: S-1/A
Chunk 100
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inquency stratification serves as the beginning point of the next iteration. This process is repeated on a yearly rolling basis. The loss rate calculated for each delinquency stage is then applied to respective receivables balance. The management adjusts the allowance that is determined by the roll-date method for both current conditions and forecast of economic conditions. When establishing the loss rate, the Company makes the assessment on various factors, including historical experience, credit-worthiness of debtors, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other factors that may affect its ability to collect from, the debtors. The Company also provides specific provisions for allowance when facts and circumstances indicate that the receivable is unlikely to be collected. The credit term for the customers of telecommunication engineering services was 90 working days after the quality acceptance checked and the customers of sales of intelligent products was 10 days payment after the contract takes effect (signed and chopped by both parties). The customers, to assess the credit risk characteristics. If there is strong evidence indicating that the accounts receivable is likely to be unrecoverable, the Company also makes specific allowance in the period in which a loss is determined to be probable. Accounts receivable are considered impaired and written-off when it is probable that all contractual payments due will not be collected after all collection efforts have been exhausted. As of March 31, 2025, we have 8% of the receivables within 12 months, 56% within13 to 24 months, and 36% within 25 months and abov. Our allowance for credit losses were $5,852,802 and $190,544 for the years ended March 31, 2025 and 2024 respectively.

Contract costs

Contract costs comprises direct labour costs and those overheads during the implementation of telecommunication construction that have been incurred , where the costs were temporarily capitalised as a balance sheet item. Contract costs are recognised as part of cost of sales in the statement of profit or loss and other comprehensive income in the period in which revenue is recognised.

Property and equipment, net

Property and equipment are carried at cost less accumulated depreciation. Depreciation is provided over their estimated useful lives, using the straight-line method. Estimated useful lives of the property and equipment are as follows:

| Categories    |     | Estimated   
 useful life |
| Office        
 equipment     |     | 3-5         
 years       |
| Office        
 furniture     |     | 5           
 years       |
| Leasehold