Company: AOAO
Filing Date: 2025-02-24
Form Type: S-1/A
Source: 0001493152-25-008010
Chunk: 91

Company: Alpha One Inc.
Filing Date: 2025-02-24
Form: S-1/A
Chunk 91
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 1,245,550 |   |
| Balance as of March 31, 2024            |     |        | 76,809,533 |     | $      | 76,809 |     | $                  | 1,520,893 |     | $         | 163,711 |     | $                     | 1,204,232 |   |     | $                               | (101,819 | ) |     | $                   | 2,863,826 |   |

<div align='center'>See accompanying notes to the consolidated financial statements</div>

| F-5 |

<div align='center'>Alpha One Inc. and Subsidiaries

Consolidated Statements of Cash Flows

For the Years ended March 31, 2024 and 2023</div>

| Cash flows from operating activities                                                               |     | For the years ended March 31, 
 2024                          |            |   |     | 2023 |            |   |
|:---------------------------------------------------------------------------------------------------|:----|:------------------------------|-----------:|:--|:----|:-----|-----------:|:--|
| Net income                                                                                         |     | $                             |  1,245,550 |   |     | $    |    329,518 |   |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |     |                               |            |   |     |      |            |   |
| Depreciation and amortization expense                                                              |     |                               |     63,118 |   |     |      |     50,808 |   |
| Noncash lease expense                                                                              |     |                               |     15,833 |   |     |      |     18,709 |   |
| Allowance for doubtful accounts                                                                    |     |                               |    189,140 |   |     |      |      2,047 |   |
| Deferred tax                                                                                       |     |                               |    (43,301 | ) |     |      |      4,165 |   |
| Changes in operating assets and liabilities                                                        |     |                               |            |   |     |      |            |   |
| Accounts receivable                                                                                |     |                               | (4,217,024 | ) |     |      | (5,710,723 | ) |
| Prepayments and other receivables                                                                  |     |                               |   (992,043 |