Company: AOAO
Filing Date: 2025-09-16
Form Type: S-1/A
Source: 0001493152-25-013575
Chunk: 61

Company: Alpha One Inc.
Filing Date: 2025-09-16
Form: S-1/A
Chunk 61
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 or 393% for the year ended March 31, 2025 primarily due to the increase in deferred tax assets.

Net (loss) income

Net loss totaled $6,142,321 for the year ended March 31, 2025, an decrease of $7,387,871, of 593%, as compared to the net income of $1,245,550 for the year ended March 31, 2024. The decrease was primarily due to the net revenue decrease and increase allowance for doubtful accounts significantly.

Liquidity and Capital Resources

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, 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