Company: AOAO
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001493152-25-027381
Chunk: 114

Company: Alpha One Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 114
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153,663 |   |
| Less: Allowance for doubtful accounts      |     |                 |  (118,565 | ) |     |   |    (4,438 | ) |
| Prepayments and other current assets, net  |     | $               | 2,435,228 |   |     | $ | 1,149,225 |   |

Allowance for doubtful accounts movement is as follows:

|                                         |     | As of March 31, 
 2025            |          |   |     | 2024 |        |   |
|:----------------------------------------|:----|:----------------|:---------|:--|:----|:-----|-------:|:--|
| Beginning balance                       |     | $               | (4,438   | ) |     | $    | (2,047 | ) |
| Additions to allowance                  |     |                 | (114,127 | ) |     |      | (2,491 | ) |
| Foreign currency translation adjustment |     |                 | -        |   |     |      |    100 |   |
| Ending balance                          |     | $               | (118,565 | ) |     | $    | (4,438 | ) |

NOTE 4 – ACCOUNTS RECEIVABLE, NET

Accounts receivable consisted of the following as of March 31, 2025 and 2024:

|                                       |     | As of March 31, |       2025 |   |     |   |      2024 |   |
|:--------------------------------------|:----|:----------------|-----------:|:--|:----|:--|----------:|:--|
| Accounts receivable                   |     | $               |  9,070,199 |   |     | $ | 9,932,684 |   |
| Less: Allowance for doubtful accounts |     |                 | (5,888,028 | ) |     |   |  (186,649 | ) |
| Account receivable, net               |     | $               |  3,182,171 |   |     | $ | 9,746,035 |   |

Allowance for doubtful accounts movement is as follows:

|                                         |     | As of March 31, 
 2025            |            |   |     | 2024 |          |   |
|:----------------------------------------|:----|:----------------|-----------:|