Company: AOAO
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001493152-25-027381
Chunk: 115

Company: Alpha One Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 115
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:--|:----|:-----|:---------|:--|
| Beginning balance                       |     | $               |   (186,649 | ) |     | $    | -        |   |
| Additions to allowance                  |     |                 | (5,702,415 | ) |     |      | (186,649 | ) |
| Foreign currency translation adjustment |     |                 |      1,036 |   |     |      | -        |   |
| Ending balance                          |     | $               | (5,888,028 | ) |     | $    | (186,649 | ) |

NOTE 5 – CONTRACT COSTS

|                                                        |     | As of March 31, 
 2025            |         |     | 2024 |   |
|:-------------------------------------------------------|:----|:----------------|--------:|:----|:-----|:--|
| Direct labour cost and overhead related to incompleted 
 project                                                |     | $               | 148,201 |     | $    | - |
|                                                        |     | $               | 148,201 |     | $    | - |

NOTE 6 – PROPERTY AND EQUIPMENT, NET

Property and equipment consisted of the following as of March 31, 2025 and 2024:

|                                         |     | As of March 31, |    2025 |   |     |   |    2024 |   |
|:----------------------------------------|:----|:----------------|--------:|:--|:----|:--|--------:|:--|
| Office equipment                        |     | $               |   9,322 |   |     | $ |   9,322 |   |
| Furniture equipment                     |     |                 |  16,695 |   |     |   |  16,695 |   |
| Communication equipment                 |     |                 |  39,582 |   |     |   |  39,582 |   |
| Leasehold improvement                   |     |                 | 116,483 |   |     |   | 116,483 |   |
| Total property and equipment            |     |                 | 182,082 |   |     |   | 182,082 |   |
| Less: Accumulated depreciation          |     |                 | (66,290 | ) |     |   | (38,397 | ) |
| Foreign currency translation adjustment