Company: AOAO
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001493152-25-018240
Chunk: 145

Company: Alpha One Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 145
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 non-calendar year-end entities). Because of how the effective date guidance was written, a non-calendar year-end entity may have concluded that it would be required to initially adopt the disclosure requirements in Update 2024-03 in an interim reporting period, rather than in an annual reporting period. The Board’s intent in the basis for conclusions of Update 2024-03 is clear that all public business entities should initially adopt the disclosure requirements in the first annual reporting period beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027. However, the Board acknowledges that there was ambiguity between the intent in the basis for conclusions in Update 2024-03 and the transition guidance that was included in the Codification when Update 2024-03 was issued. We do not expect the adoption of this accounting standard to have an impact on our combined financial statements.

The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s balance sheets, statements of income and statements of cash flows.

| F-32 |

NOTE 3 – PREPAYMENTS AND OTHER RECEIVABLES, NET

Prepayments and other receivables consisted of the following as of June 30, 2025 and March 31, 2025:

|                                            |     |   |  June 30, 
      2025 |   |     |   | March 31, 
      2025 |   |
|:-------------------------------------------|:----|:--|----------:|:--|:----|:--|----------:|:--|
| Prepaid to suppliers                       |     | $ |   133,992 |   |     | $ | 1,698,432 |   |
| Deposit of rental and project              |     |   |   230,682 |   |     |   |   225,115 |   |
| Advances to employees                      |     |   |    80,251 |   |     |   |   224,365 |   |
| Other prepaid operating expenses           |     |   | 1,043,820 |   |     |   |   378,222 |   |
| Other current asset                        |     |   |    28,001 |   |     |   |    27,659 |   |
| Total prepayments and other current assets |     |   | 1,