Company: AOAO
Filing Date: 2025-09-16
Form Type: S-1/A
Source: 0001493152-25-013575
Chunk: 138

Company: Alpha One Inc.
Filing Date: 2025-09-16
Form: S-1/A
Chunk 138
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 in RMB and in foreign currency placed with them. Such Deposit Insurance Regulation would not be effective in providing complete protection for the Company’s accounts, as its aggregate deposits are much higher than the compensation limit, which is RMB500,000 for one bank. However, the Company believes that the risk of failure of any of these Chinese banks is remote. Bank failure is uncommon in the PRC and the Company believes that those Chinese banks that hold the Company’s cash and cash equivalents are financially sound based on public available information.

Other than the deposit insurance mechanism in the PRC mentioned above, the Company’s bank accounts are not insured by Federal Deposit Insurance Corporation insurance or other insurance.

Concentration and credit risk

Financial instruments that potentially subject the Company to the concentration of credit risks consist of cash and short-term investments. The maximum exposures of such assets to credit risk are their carrying amounts as of the balance sheet dates. The Company deposits its cash and cash equivalents with financial institutions located in jurisdictions where the subsidiaries are located. The Company believes that no significant credit risk exists as these financial institutions have high credit quality.

The Company also exposures to credit risk associated with its trading and other activities is measured on an individual counterparty basis, as well as by Company of counterparties that share similar attributes. Concentrations of credit risk can be affected by changes in political, industry, or economic factors. To reduce the potential for risk concentration, the Company generally requires payment after delivery of the goods within 90 to 120 days. Credit limits are established and exposure is monitored in light of changing counterparty and market conditions. For the three months ended June 30, 2025, two customers accounted for 81%, 16% of the Company’s total revenues. For the three months ended June 30, 2024, two customers accounted for 50%, and 43% of the Company’s total revenues. As of June 30, 2025, three customers accounted for 16%, 33% and 38% of the total accounts receivable balance, respectively. As of March 31, 2025, two customers accounted for 59% and 38% of the total accounts receivable balance, respectively. For the three months ended June 30, 2025, one supplier accounted for 88% of the Company’s total cost of revenues.For the three months ended June 30, 2024, no supplier that accounted for more than 10% of the cost of revenues. As June 30, 2025