Company: AOAO
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001493152-25-018240
Chunk: 89

Company: Alpha One Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 89
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statement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

/s/ Bush & Associates CPA LLC

We have served as the Company’s auditor since 2024.

Henderson, Nevada

July 30, 2025

PCAOB ID Number 6797

| F-2 |

<div align='center'>Alpha One Inc. and Subsidiaries

Consolidated Balance Sheets

As of March 31, 2025 and 2024</div>

| Assets                                                                              
 Current assets                                                                      |     | As of March 31, 
 2025            |            |   |     | 2024 |            |   |
|:------------------------------------------------------------------------------------|:----|:----------------|-----------:|:--|:----|:-----|-----------:|:--|
| Cash and cash equivalents                                                           |     | $               |        614 |   |     | $    |    383,682 |   |
| Accounts receivable, net                                                            |     |                 |  3,182,171 |   |     |      |  9,746,035 |   |
| Prepayments and other current assets, net                                           |     |                 |  2,435,228 |   |     |      |  1,149,225 |   |
| Contract costs                                                                      |     |                 |    148,201 |   |     |      |          - |   |
| Due from related party                                                              |     |                 |    160,573 |   |     |      |    310,010 |   |
| Total current assets                                                                |     |                 |  5,926,787 |   |     |      | 11,588,952 |   |
| Non-current assets                                                                  |     |                 |            |   |     |      |            |   |
| Property and equipment, net                                                         |     |                 |    107,413 |   |     |      |    136,263 |   |
| Operating lease right-of-use assets                                                 |     |                 |     24,896 |   |     |      |