Company: AOAO
Filing Date: 2025-09-16
Form Type: S-1/A
Source: 0001493152-25-013575
Chunk: 134

Company: Alpha One Inc.
Filing Date: 2025-09-16
Form: S-1/A
Chunk 134
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 revenue when (or as) the entity satisfies a performance obligation.       |

Under Topic 606, revenues are recognized when the promised products have been confirmed of delivery or services have been transferred to the consumers in amounts that reflect the consideration the customer expects to be entitled to in exchange for those services. The Company presents value added taxes (“VAT”) as reductions of revenues. The Company recognizes revenues net of value added taxes (“VAT”) and relevant charges.

Telecommunication Construction Services

The Company recognizes revenue from provision of Telecommunication Construction Services over time because the Company’s construction activities create or enhance assets controlled by the customers. The Company adopts the input method to measure performance progress and revenue is recognized based on the proportion of the actual costs incurred relative to the estimated total costs. Where the performance progress cannot be determined reasonably, revenue is recognised based on the amount of cost that is expected to be compensated based on the cost already incurred, until the performance progress can be reasonably determined.

Intelligent products

We generate revenue primarily from the sales of intelligent products directly to the customers, with majority of sales transactions were conducted offline. We recognize product revenue at a point in time when the control of the products has been transferred to customers. The transfer of control is considered complete when products have been picked up by or delivered to our customers. We account for shipping and handling fees as a fulfillment cost.

| F-28 |

The following table provides information about disaggregated revenue based on revenue by product types:

|                                        |     | For three months ended 
 June 30,               |      2025 |     |   |    2024 |
|:---------------------------------------|:----|:-----------------------|----------:|:----|:--|--------:|
| Telecommunication engineering services |     | $                      |   629,614 |     | $ | 318,845 |
| Intelligent products                   |     |                        | 2,688,784 |     |   |       - |
| Total                                  |     | $                      | 3,318,398 |     | $ | 318,845 |

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 June 30, 2025 and March 31, 2025, the Company had