Company: AOAO
Filing Date: 2025-02-24
Form Type: S-1/A
Source: 0001493152-25-008010
Chunk: 141

Company: Alpha One Inc.
Filing Date: 2025-02-24
Form: S-1/A
Chunk 141
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 |
|:------------------------------------------|:----|:--|--------------:|:----|:--|----------:|
| Right-of-use assets-operating lease       |     | $ |         1,255 |     | $ |     8,542 |
| Operating lease liabilities – current     |     | $ |         1,647 |     | $ |    11,066 |
| Operating lease liabilities – non-current |     |   |             - |     |   |         - |
| Total lease liabilities                   |     | $ |         1,647 |     | $ |    11,066 |

The components of lease expense and supplemental cash flow information related to leases for the six months ended September 30, 2024 and 2023 are as follows:

| Other information for the months ended           |     | 2024 |   |   |     | 2023 |    |   |
| Weighted average remaining lease term (in month) |     |      | 1 |   |     |      | 13 |   |
| Weighted average discount rate                   |     |      | 5 | % |     |      |  5 | % |

Lease expenses were $9,669 and $9,274 for the six months ended September 30, 2024 and 2023, respectively.

| F-34 |

NOTE 12 – BANK AND OTHER BORROWINGS

In February 2023, the Company obtained a loan in the principal amount of RMB1,430,000 (approximately $208,224 when borrowed) from WeBank, which bears interest at 15.05%. The loan is guaranteed by Xiaocai Yu, a related party. The maturity date is on February 20, 2025. The loan was fully repaid in February 2024.

In March 2023, the Company obtained a loan in the principal amount of RMB2,990,000 (approximately $435,377 when borrowed) from Bank of China, which bears interest at 3.85%. The loan is guaranteed by Xiaocai Yu, a related party. The maturity date is on March 27, 2024. The loan was fully repaid in March 2024.

In August 2023, the Company obtained a loan in the principal amount of RMB3,000,000 (approximately $415,494 when borrowed) from Bank of Communications, which bears interest at 5.00