Company: AOAO
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001493152-25-027381
Chunk: 62

Company: Alpha One Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 62
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 assurance that the Company will receive any financing from related parties, or that any funds, if provided, will be in the amounts of at the times needed to support operations.

Working Capital

|                           |     | Years Ended March 31, |       2025 |   |     |   |       2024 |     |   |     Change |   |
|:--------------------------|:----|:----------------------|-----------:|:--|:----|:--|-----------:|:----|:--|-----------:|:--|
| 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,