Company: AOAO
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001493152-25-027381
Chunk: 112

Company: Alpha One Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 112
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 amendments apply to all reporting entities within the scope of the affected accounting guidance. The amendments
in this Update are effective for public business entities for fiscal years beginning after December 15, 2024. Early application of the
amendments in this Update is permitted for any fiscal year or interim period for which financial statements have not yet been issued
(or made available for issuance). We believe the future adoption of this ASU is not expected to have a material impact on its financial
statements.

In November 2024, the FASB
issued ASU 2024-03, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40):
Disaggregation of Income Statement Expenses”. The amendments in this ASU are intended to improve financial reporting by requiring
that public business entities disclose additional information about specific expense categories in the notes to financial statements
at interim and annual reporting periods. For interim and annual reporting periods, an entity shall disaggregate, in a tabular format
disclosure in the notes to financial statements, all relevant expense captions presented on the face of the income statement in
continuing operations into the purchases of inventory, employee compensation, depreciation, amortization, and depletion. This ASU is
effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15,
2027. Early adoption is permitted. The amendments in this Update should be applied either (1) prospectively to financial statements issued
for reporting periods after the effective date of this Update or (2) retrospectively to any or all prior periods presented in the financial
statements. We are currently evaluating the impact the adoption of ASU 2024-03 will have on its combined financial statements and related
disclosures.

In January 2025, the FASB
issued ASU 2025-01 Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40).
The Board issued Update 2024-03 on November 4, 2024. Update 2024-03 states that the amendments are effective for public business entities
for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Following
the issuance of Update 2024-03, the Board was asked to clarify the initial effective date for entities that do not have an annual reporting
period that ends on December 31 (referred to