Company: AOAO
Filing Date: 2025-07-30
Form Type: S-1/A
Source: 0001641172-25-021532
Chunk: 86

Company: Alpha One Inc.
Filing Date: 2025-07-30
Form: S-1/A
Chunk 86
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 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 |   |     |      |      8,542 |   |
| Deferred tax assets                                                                 |     |                 |  1,508,257 |   |     |      |     49,907 |   |
| Intangible assets, net                                                              |     |                 |    251,224 |   |     |      |    289