Company: AOAO
Filing Date: 2025-02-24
Form Type: S-1/A
Source: 0001493152-25-008010
Chunk: 65

Company: Alpha One Inc.
Filing Date: 2025-02-24
Form: S-1/A
Chunk 65
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 $116,692, or 22%, as compared to operating expenses of $526,907 the six months
ended September 30, 2023. The increase was primarily due to the increase in directors and staffs’ salary, software maintenance
fee, consulting and professional expense incurred in 2024 in connection with the business operation.

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Net (Loss) Income

Net loss totaled $590,469 for the three months ended September 30, 2024, reflecting a decrease of $593,354, or 20567%, from net income of $2,885 for the three months ended September 30, 2023. The decrease was primarily due to the decrease of revenue and the increase of operating expenses.

Net loss totaled $860,310 for the six months ended
September 30, 2024, reflecting a decrease of $1,373,176, or 268%, from net income of $512,866 for the six months ended September 30,
2023. The decrease was primarily due to the decrease of revenue and the increase of operating expenses.

Liquidity and Capital Resources

Going concern.

The Company had incurred a net loss of $860,310 and the operating cash outflows of $1,333,237 for the six months ended September 30, 2024. The Company had incurred a net loss of $590,469 for the three months ended September 30, 2024. These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date the financial statements are issued. The Company’s financial statements do not include any adjustments that might result from the outcome of this uncertainty should we be unable to continue as a going concern.

Management estimates that the current funds on hand (means cash at bank and on hand) will be sufficient to continue operations through the next 12 months. The continuation of the Company as a going concern is dependent upon (1) there was $6.25 million overdue one year (aging over 360 days) as of September 30, 2024, the company will accelerate the collection of accounts receivable, $2.5 million will be received as of June 30, 2025, and $2.79 million to be collected in the next 12 months that based on the agreed extra payment term on the ongoing contracts. From October 2024 to January 2025, the Company has collected $1.15 million out of the $2.5 million