Company: AOAO
Filing Date: 2025-09-16
Form Type: S-1/A
Source: 0001493152-25-013575
Chunk: 96

Company: Alpha One Inc.
Filing Date: 2025-09-16
Form: S-1/A
Chunk 96
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 investment holding company with no operations. On March 2, 2023, Zhongyun HK acquired Shenzhen Zhongyun Communication Technology Co., Ltd.

Shenzhen Zhongyun Communication Technology Co., Ltd, a Chinese company, a wholly foreign owned enterprise (WFOE), also referred to herein as “Shenzhen Zhongyun”, which was incorporated on August 25, 2020 by the controlling shareholder, Shuhua Liu. Shenzhen Zhongyun is principally engaged in the electronic products trading and telecommunication engineering servicess in the People’s Republic of China (“PRC”).

Shenzhen Zhongyun is the company through which we operate, and which shares our business plan with the goal of developing and providing modern electronic products trading and telecommunication engineering services to our future clients.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Going concern

The accompanying consolidated financial statements
have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge
of liabilities in the normal course of business for the foreseeable future. For the years ended on March 31, 2025 and 2024, the net cash
used cash in operating activities was $1,695,892 and $694,052 respectively. For the years ended on March 31, 2025 and 2024, the working capital was negative $4,827,534 and positive $2,518,461 respectively. 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. In addition, the Company’s independent registered public accounting firm, in their report raised substantial doubt about the Company’s ability to continue as a going concern. 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 twelve months. The continuation of the Company as a going concern is dependent upon (1) for the three months ended June 30, 2025, the Company has collected the accounts receivable of $498,176. The Company will accelerate the collection of accounts receivable in order to settle part of other payable. (2) the continued financial support from its stockholders and director or its ability to obtain external financing, the company has only obtained verbal funding commitments from stockholders,