Company: AOAO
Filing Date: 2025-02-24
Form Type: S-1/A
Source: 0001493152-25-008010
Chunk: 110

Company: Alpha One Inc.
Filing Date: 2025-02-24
Form: S-1/A
Chunk 110
---
320 |
| 2026       |     |   |  34,320 |
| 2027       |     |   |  34,320 |
| 2028       |     |   |  34,320 |
| 2029       |     |   |  34,320 |
| Thereafter |     |   | 117,551 |
| Total      |     | $ | 289,151 |

NOTE 7 – ACCRUED EXPENSES AND OTHER PAYABLE

Accrued expenses and other payable consisted of the following:

|                                     |     | As of March 31, |      2024 |     |   |      2023 |
|:------------------------------------|:----|:----------------|----------:|:----|:--|----------:|
| Staff salaries and welfare payables |     | $               |   145,512 |     | $ |    82,467 |
| Engineering labor costs payable     |     |                 | 2,131,664 |     |   |   528,763 |
| VAT and other tax payables          |     |                 |   713,510 |     |   |   224,440 |
| Others                              |     |                 | 1,163,054 |     |   |   378,940 |
|                                     |     | $               | 4,153,740 |     | $ | 1,214,610 |

As of March 31, 2024 and 2023, the engineering labor costs accrued according to the progress of the project. Unpaid costs mainly due to the project not completed and accepted. Others represent loan from individuals and expenses paid on behalf of staffs.

NOTE 8 – CONTRACT LIABILITIES

|                                    |     | As of March 
 31,         |  2024 |     |   |    2023 |
|:-----------------------------------|:----|:------------|------:|:----|:--|--------:|
| Billings in advance of performance |     | $           | 8,112 |     | $ | 339,796 |

As of March 31, 2024 and 2023, billings in advance of performance are expected to be recognized as income within one year.

NOTE 9 - INCOME TAXES

United States of America

The Company is registered in the State of Wyoming and is subject to United States of America tax law. The