Company: AOAO
Filing Date: 2025-09-16
Form Type: S-1/A
Source: 0001493152-25-013575
Chunk: 67

Company: Alpha One Inc.
Filing Date: 2025-09-16
Form: S-1/A
Chunk 67
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      |     | $ |  4,512,755 |   |     | $ |  5,926,787 |   |     | $ | (1,414,032 | ) |
| Total current liabilities |     |   |  9,987,891 |   |     |   | 10,754,321 |   |     |   | (766,430   | ) |
| Working capital           |     | $ | (5,475,136 | ) |     | $ | (4,827,534 | ) |     | $ | (647,602   | ) |

As of June 30, 2025, we had total current assets of $4,512,755 consisting of cash on hand of $1,894, accounts receivables of $2,839,971, contract cost of $294,885, prepayment and other receivables of $1,361,762 and due from related party of $14,243, compared to total current assets of $5,926,787 as of March 31, 2025. The decrease was mainly due to the decrease in account receivables and prepayment and other current assets as of June 30, 2025. We had current liabilities of $9,987,891, mainly consisting of accounts payable of $948,972, contract liabilities of $394,738, accrued expenses and other payables of $4,153,212, current portion of bank and other borrowings of $1,401,261, income tax payable of $656,623 and due to related parties of $2,410,854, compared to total current liabilities of $10,754,321 as of March 31, 2025. The decrease was mainly due to the decrease in contract liabilities as of June 30, 2025.

The Company’s net loss was $327,941 and $269,841 for the three months ended June 30, 2025 and 2024, respectively.

Cash Flows

|                                                              |     | Three               
 months Ended   June 
 30,                 
 2025                |          |   |     | 2024 |          |   |     | Change |         |   |
|:-------------------------------------------------------------|:----|:--------------------|---------:|:--|:----|:-----|:---------|:--|:----|:-------|--------:|:--|
| Cash flows (used