Company: AOAO
Filing Date: 2025-02-24
Form Type: S-1/A
Source: 0001493152-25-008010
Chunk: 66

Company: Alpha One Inc.
Filing Date: 2025-02-24
Form: S-1/A
Chunk 66
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, and regards of well-known reputation of customers, we assume that we will be able to successfully collect such amounts within the extra payment term; (2) the continued financial support from its stockholders or its ability to obtain external financing, the company has only obtained verbal funding commitments from stockholders, which are non-binding and may not be fulfilled; (3) further to make the cost controlling; and (4) implement management’s business plan to extend its operations and generate sufficient revenues to meet its obligations. While the Company believes in the viability of its strategy to increase sales volume and in its ability to raise additional funds, there can be neither any assurances to that effect, nor any assurance that the Company will be successful in securing sufficient funds to sustain the operations. In long-term, the continuation of the Company as a going concern is dependent upon (i) further implement management’s business plan to extend its operations and generate sufficient revenues to meet its obligations; (ii) Shorten customer payment terms and extend supplier payment terms; and (iii) maintain to obtain the revolving credit lines and loans with lower interest from the bank, the company has obtained the revolving credit lines amounting to $1,648,076 (equivalent to RMB11,807,142.84), which bears interest rate from 3% to 16.7% for 12 months. The Company will obtain more lower revolving credit lines to replace the higher interest rate bank loan and the collection of accounts receivable to settle the revolving credit lines and loans in the future.

Management believes that the actions presently being taken to obtain additional funding and implement its strategic plan provides the opportunity for the Company to continue as a going concern.

Based on our current operating plan, we believe that the revolving loans, together with our existing cash at bank and on hand and anticipated cash flow from operations, will be sufficient to meet our anticipated working capital requirements and capital expenditures for at least the next 12 months following the date of September 30, 2024.

Working Capital

|                           |     |   |  September 
        30, 
       2024 |     |   | March 31, 2024 |     |   |   Change |   |
|:--------------------------|:----|:--|-----------:|:----|:--|---------------:|:----|:--|---------:|:--|
| Total current assets      |     | $ | 11,492,802 |     | $ |     11,588,952 |