Company: AOAO
Filing Date: 2025-02-24
Form Type: S-1/A
Source: 0001493152-25-008010
Chunk: 132

Company: Alpha One Inc.
Filing Date: 2025-02-24
Form: S-1/A
Chunk 132
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| Telecommunication engineering services |     | $    |                          153,297 |     | $    | 1,873,136 |     | $    |                        472,142 |     | $    | 3,399,276 |
| Intelligent products                   |     |      |                                - |     |      |         - |     |      |                              - |     |      |         - |
| Total                                  |     | $    |                          153,297 |     | $    | 1,873,136 |     | $    |                        472,142 |     | $    | 3,399,276 |

| F-27 |

Contract liabilities

Contract liabilities consist mainly of customer advances. On certain occasions, the Company may receive prepayments from downstream retailers or wholesales customers for wines, water and other products prior to them taking possession of the Company’s products. The Company records these receipts as customer advances until the control of the products has been transferred the customers. As of September 30, 2024 and March 31, 2024, the Company had contract liabilities of $8,345 and $8,112, respectively.

Cost of revenues

Amounts recorded as cost of revenues relate to direct expenses incurred in order to generate revenue. Cost of revenues consists primarily of (i) purchase of goods, (ii) costs of telecommunication construction services and (iii) taxes and surcharges.

General and administrative expenses

General and administrative expenses consist primarily of salary and welfare for general and administrative personnel, rental expenses, entertainment expenses, freight, general office expenses and professional service fees.

Research and development expenses

Research and development expenses consist primarily of payroll and related expenses for research and development employees involved in designing, developing and maintaining telecommunication information system, and technology infrastructure costs. The Company expects the research and development expenses to increase in absolute amounts in the foreseeable future as the Company continues to invest in technology and innovation to expand our technology capabilities.

Value-added taxes

Revenue is recognized net of value-added taxes (“VAT”). The VAT is based on gross sales price and VAT rates applicable to the Company is 13%. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. Net VAT balance between input VAT and output VAT is recorded as VAT payable if output VAT is larger than input VAT and is recorded as VAT recoverable if input VAT is larger than output VAT. For