Company: AOAO
Filing Date: 2025-09-16
Form Type: S-1/A
Source: 0001493152-25-013575
Chunk: 142

Company: Alpha One Inc.
Filing Date: 2025-09-16
Form: S-1/A
Chunk 142
---
 our combined financial statements.

The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s balance sheets, statements of income and statements of cash flows.

| F-32 |

NOTE 3 – PREPAYMENTS AND OTHER RECEIVABLES, NET

Prepayments and other receivables consisted of the following as of June 30, 2025 and March 31, 2025:

|                                            |     |   |  June 30, 
      2025 |   |     |   | March 31, 
      2025 |   |
|:-------------------------------------------|:----|:--|----------:|:--|:----|:--|----------:|:--|
| Prepaid to suppliers                       |     | $ |   133,992 |   |     | $ | 1,698,432 |   |
| Deposit of rental and project              |     |   |   230,682 |   |     |   |   225,115 |   |
| Advances to employees                      |     |   |    80,251 |   |     |   |   224,365 |   |
| Other prepaid operating expenses           |     |   | 1,043,820 |   |     |   |   378,222 |   |
| Other current asset                        |     |   |    28,001 |   |     |   |    27,659 |   |
| Total prepayments and other current assets |     |   | 1,516,746 |   |     |   | 2,553,793 |   |
| Less: Allowance for doubtful accounts      |     |   |  (154,984 | ) |     |   |  (118,565 | ) |
| Prepayments and other current assets, net  |     | $ | 1,361,762 |   |     | $ | 2,435,228 |   |

Allowance for doubtful accounts movement is as follows:

|                                         |     | June 30, 
 2025     |          |   |     | March 31, 
 2025      |          |   |
|:----------------------------------------|:----|:---------|:---------|:--|:----|:----------|:---------|:--|
| Beginning balance                       |     | $        | (118,565 | )