Company: AOAO
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001493152-25-001624
Chunk: 113

Company: Alpha One Inc.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 113
---
 payable balance at period-end are presented as follows:

|                    |     |           |            For 
 the year ended 
 March 31, 2023 |     |            |    |   |     |                                  |             As 
             of 
 March 31, 2023 |
|:-------------------|:----|:----------|---------------:|:----|:-----------|---:|:--|:----|:---------------------------------|---------------:|
|                    |     | Purchases |                |     | Percentage 
 of         
 purchases  |    |   |     | Accounts                         
 payable (Due to related parties) |                |
| Vendor             
 B                  |     | $         |        970,743 |     |            | 19 | % |     | $                                |        664,875 |
| Vendor             
 C, a related party |     |           |        607,148 |     |            | 12 | % |     |                                  |        215,245 |
| Vendor             
 D                  |     |           |        517,152 |     |            | 10 | % |     |                                  |        274,469 |
| Total              |     | $         |      1,487,895 |     |            | 41 | % |     |                                  |      1,154,586 |

(c) Credit risk

Financial instruments that are potentially subject to credit risk consist principally of accounts receivable. The Company does not generally require collateral from customers. The Company evaluates the need for an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.

The related party transactions are generally transacted in an arm-length basis at the current market value in the normal course of business.

NOTE 14 – EARNINGS PER SHARE

The following table sets forth the basic and diluted net income per common share computation and provides a reconciliation of the numerator and denominator for the years presented:

| Numberator:                                                        |     | For                   
 the years ended March 
 31,                   
 2024                  |            |     | 2023 |            |
|:-------------------------------------------------------------------|:----|:----------------------|-----------:|:----|:-----|-----------:|
| Net income                                                         |     | $                     |  1,245,550 |     | $    |  1,352,114 |
| Net income attributable to Alpha One Inc.’s shareholders - basic   |     |                       |