Company: AOAO
Filing Date: 2025-02-24
Form Type: S-1/A
Source: 0001493152-25-008010
Chunk: 60

Company: Alpha One Inc.
Filing Date: 2025-02-24
Form: S-1/A
Chunk 60
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 31, 2024, an increase of $471,078, or 78%, as compared to the year ended March 31, 2023. The increase was primarily due to the increase in directors and staffs’ salary, consulting and professional expense incurred in 2024 in connection with the business operation.

Interest Expenses

Interest expenses total $323,528 for the year ended March 31, 2024, an increase of $55,603, or 21%, as compared to the year ended March 31, 2023. The increase was primarily due to the increase in the short term and long-term loan from bank.

Income Tax

Income tax was $500,201 and $117,884 for the year ended March 31, 2024 and 2023 respectively. Income tax increased $382,317 or 324% for the year ended March 31, 2024 primarily due to the increase in income before taxation.

Net income

Net income totaled $1,245,550 for the year ended March 31, 2024, an increase of $916,032, of 278%, as compared to the net income of $329,518 for the year ended March 31, 2023. The increase was primarily due to the net revenue increase.

Liquidity and Capital Resources

Working Capital

|                           |     | Years Ended March 31, |       2024 |     |   |      2023 |     |   |    Change |
|:--------------------------|:----|:----------------------|-----------:|:----|:--|----------:|:----|:--|----------:|
| Total current assets      |     | $                     | 11,588,952 |     | $ | 6,350,938 |     | $ | 5,238,014 |
| Total current liabilities |     |                       |  9,070,491 |     |   | 5,363,972 |     |   | 3,706,519 |
| Working capital           |     | $                     |  2,518,461 |     | $ |   986,966 |     | $ | 1,531,495 |

As of March 31, 2024, we had total current assets of $11,588,952 consisting of cash on hand and at banks of $383,682, of which $383,682 held in RMB, net accounts receivable of