Company: AOAO
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001493152-25-018240
Chunk: 62

Company: Alpha One Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 62
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| Total current assets      |     | $                     |  5,926,787 |   |     | $ | 11,588,952 |     | $ | (5,662,165 | ) |
| Total current liabilities |     |                       | 10,754,321 |   |     |   |  9,070,491 |     |   |  1,683,830 |   |
| Working capital           |     | $                     | (4,827,534 | ) |     | $ |  2,518,461 |     | $ | (7,345,995 | ) |

As of March 31, 2025, we had total current assets of $5,926,787 consisting of cash on hand and at banks of $614 (equivalent to RMB4,461), all held in RMB, net accounts receivable of $3,182,171 including the amount of $3,153,324 past due from the original contract payment terms ($611,969 was incurred from 3 months to 12 months and $2,541,355 was incurred from 12 months to 24 months), net prepayments and other receivables of $2,435,228, and due from related party of $160,573, compared to total current assets of $11,588,952 as of March 31, 2024 consisting of cash on hand and at banks of $383,682 (equivalent to RMB2,270,310), all held in RMB, net accounts receivable of $9,746,035, net prepayments and other receivables of $1,149,225, and due from related party of $310,010. The decrease was mainly due to the decrease in accounts receivable in 2025. We had current liabilities of $10,754,321, mainly consisting of accounts payable of $823,331, contract liabilities of $1,689,834, accrued expenses and other payables of $3,875,994, current portion of bank and other borrowings of $1,243,617 (incurred by the PRC operating subsidiary, the aggregate outstanding principal balances was $1,392,112), current portion of operating lease liabilities of $26,435, income tax payable of $648,617 and due to related parties of $2,