Company: AOAO
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001493152-25-001624
Chunk: 59

Company: Alpha One Inc.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 59
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 ended March 31, 2023. The increase in net revenues was mainly due to a significantly increase in sales of intelligent products $17,580,582 from the third parties, coverage of 75% of total net revenues for the year ended March 31, 2024. The sales of intelligent products were not steady and seasonal, mainly affected by the education procurement policy, which has two bidding and procurement processes per year. Additionally, there is a timing gap between when the company makes downpayments to suppliers and when it receives downpayments from customers. Therefore, there are known uncertainty whether the company could maintain such increment in revenue.

Cost of Revenues

Cost of revenues totaled $20,411,893 for the year ended March 31, 2024, an increase of $15,219,933, or 293%, as compared to for the year ended March 31, 2023. The increase in cost of revenue was due to the increase of revenue.

Gross Profit

Gross profit was $3,137,251 and $1,302,680 for the years ended March 31, 2024 and 2023 respectively. Gross profit increased $1,834,571 for the year ended March 31, 2024 primarily due to the increase in sales of intelligent products.

Operating Expenses

Operatingexpenses totaled $1,073,829 for the year ended March 31, 2024, an increase of $471,078, or 78%, as compared to the year ended March 31, 2023. The increase was primarily due to the increase in directors and staffs’ salary, consulting and professional expense incurred in 2024 in connection with the business operation.

Interest Expenses

Interest expenses total $323,528 for the year ended March 31, 2024, an increase of $55,603, or 21%, as compared to the year ended March 31, 2023. The increase was primarily due to the increase in the short term and long-term loan from bank.

Income Tax

Income tax was $500,201 and $117,884 for the year ended March 31, 2024 and 2023 respectively. Income tax increased $382,317 or 324% for the year ended March 31, 2024 primarily due to the increase in income before taxation.

Net income

Net income totaled $1,245,550 for the year ended March 31, 2024, an increase of $916,032,