Company: AOAO
Filing Date: 2025-07-30
Form Type: S-1/A
Source: 0001641172-25-021532
Chunk: 114

Company: Alpha One Inc.
Filing Date: 2025-07-30
Form: S-1/A
Chunk 114
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                                                              |     | $                             | - |     | $    | 575 |

Due from related party mainly consists of funds advanced to related parties as borrowings or funds advanced to pay off the Company’s expenses. The balances are unsecured, non-interest bearing.

Due to related parties mainly consists of borrowings for working capital purpose, the balances are unsecured, non-interest bearing and due on demand.

In addition, during the years ended March 31, 2025 and 2024, these related parties paid expenses on the Company’s behalf in an amount of $429,404 and $354,550, respectively.

NOTE 12 – OPERATING LEASES

As of March 31, 2025, the Company has two operating lease agreements for office spaces in PRC with a non-related party.

As of March 31, 2025, the Company recognized operating lease liabilities, including current and noncurrent, in the amount of $26,435.

|                                           |     | As of March 31, |   2025 |     |   |   2024 |
|:------------------------------------------|:----|:----------------|-------:|:----|:--|-------:|
| Right-of-use assets-operating lease       |     | $               | 24,896 |     | $ |  8,542 |
| Operating lease liabilities – current     |     | $               | 26,435 |     | $ | 11,066 |
| Operating lease liabilities – non-current |     |                 |      - |     |   |      - |
| Total lease liabilities                   |     | $               | 26,435 |     | $ | 11,066 |

The components of lease expense and supplemental cash flow information related to leases for the years ended March 31, 2025 and 2024 are as follows:

| Other information for the years ended            |     | 2025 |    |   |     | 2024 |   |   |
| Weighted average remaining lease term (in month) |     |      | 11 |   |     |      | 7 |   |
| Weighted average discount rate                   |     |      |  5 | % |     |      | 5 | % |

Lease expenses were $16,367 and $30,506 for the years ended March 31, 2025 and 2024, respectively.

| F-18 |

NOTE 13 – BANK AND OTHER B