Company: AOAO
Filing Date: 2025-02-24
Form Type: S-1/A
Source: 0001493152-25-008010
Chunk: 109

Company: Alpha One Inc.
Filing Date: 2025-02-24
Form: S-1/A
Chunk 109
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 |  14,295 |   |
| Leasehold improvement                   |     |             | 116,483 |   |     |   | 116,483 |   |
| Total property and equipment            |     |             | 182,082 |   |     |   | 151,920 |   |
| Less: Accumulated depreciation          |     |             | (38,397 | ) |     |   | (12,408 | ) |
| Foreign currency translation adjustment |     |             |  (7,422 | ) |     |   |       - |   |
| Property and equipment, net             |     | $           | 136,263 |   |     | $ | 139,512 |   |

Depreciation expense, which was included in cost of revenues and general and administrative expenses, for the years ended March 31, 2024 and 2023 was $26,594 and $12,408, respectively.

| F-14 |

NOTE 6 – INTANGIBLE ASSETS

Intangible assets and related accumulated amortization were as follows:

|                                         |     | As of March 
 31,         |    2024 |   |     |   |    2023 |   |
|:----------------------------------------|:----|:------------|--------:|:--|:----|:--|--------:|:--|
| Management Information System           |     | $           | 416,003 |   |     | $ | 416,003 |   |
| Less: Accumulated amortization          |     |             | (76,092 | ) |     |   | (41,600 | ) |
| Foreign currency translation adjustment |     |             | (50,760 | ) |     |   | (32,002 | ) |
| Total                                   |     | $           | 289,151 |   |     | $ | 342,401 |   |

Amortization expense for the years ended March 31, 2024 and 2023 was $36,524 and $38,400, respectively, included in cost of revenues and general and administrative expenses. During the years ended March 31, 2024 and 2023, the Company recognized impairment loss of nil and nil, respectively.

As of March 31, 2024, the future estimated amortization costs for intangible assets are as follows:

| 2025       |     | $ |  34,