Company: AOAO
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001493152-25-027381
Chunk: 153

Company: Alpha One Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 153
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 the amount of $17,986.

|                                           |     |   | June 30, 
     2025 |     |   | March 31, 
      2025 |
|:------------------------------------------|:----|:--|---------:|:----|:--|----------:|
| Right-of-use assets-operating lease       |     | $ |   16,979 |     | $ |    24,896 |
| Operating lease liabilities – current     |     | $ |   17,986 |     | $ |    26,435 |
| Operating lease liabilities – non-current |     |   |        - |     |   |         - |
| Total lease liabilities                   |     | $ |   17,986 |     | $ |    26,435 |

The components of lease expense and supplemental cash flow information related to leases for the three months ended June 30, 2025 and 2024 are as follows:

| Other information for the months ended           |     | 2025 |   |   |     | 2024 |   |   |
| Weighted average remaining lease term (in month) |     |      | 8 |   |     |      | 4 |   |
| Weighted average discount rate                   |     |      | 5 | % |     |      | 5 | % |

Lease expenses were $8,449 and $4,744 for the three months ended June 30, 2025 and 2024, respectively.

NOTE 12 – BANK AND OTHER BORROWINGS

In August 2023, the Company obtained a loan in the principal amount of RMB3,000,000 (approximately $415,494 when borrowed) from Bank of Communications, which bears interest at 5.00%. The loan is guaranteed by Xiaocai Yu, a related party, and pledged by her property. The maturity date is on July 27, 2024. The loan was fully repaid in August 2024.

In February 2023, the Company obtained a loan in the principal amount of RMB1,430,000 (approximately $208,224 when borrowed) from WeBank, which bears interest at 15.05%. The loan is guaranteed by Xiaocai Yu, a related party. The maturity date is on February 20, 2025. The loan was fully repaid in February 2024.

In February 2024, the