Company: AOAO
Filing Date: 2025-07-30
Form Type: S-1/A
Source: 0001641172-25-021532
Chunk: 110

Company: Alpha One Inc.
Filing Date: 2025-07-30
Form: S-1/A
Chunk 110
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 years ended March 31, 2025 and 2024, the Company recognized impairment loss of nil and nil, respectively.

As of March 31, 2025, the future estimated amortization costs for intangible assets are as follows:

| 2026       |     | $ |  36,321 |
| 2027       |     |   |  36,321 |
| 2028       |     |   |  36,321 |
| 2029       |     |   |  36,321 |
| 2030       |     |   |  36,321 |
| Thereafter |     |   |  69,618 |
| Total      |     | $ | 251,224 |

NOTE 8 – ACCRUED EXPENSES AND OTHER PAYABLE

Accrued expenses and other payable consisted of the following:

|                                     |     | As of March 31, |      2025 |     |   |      2024 |
|:------------------------------------|:----|:----------------|----------:|:----|:--|----------:|
| Staff salaries and welfare payables |     | $               |   213,391 |     | $ |   145,512 |
| Engineering labor costs payable     |     |                 | 2,271,380 |     |   | 2,131,664 |
| VAT and other tax payables          |     |                 |   616,085 |     |   |   713,510 |
| Others                              |     |                 |   775,138 |     |   | 1,163,054 |
|                                     |     | $               | 3,875,994 |     | $ | 4,153,740 |

As of March 31, 2025 and 2024 the engineering labor costs accrued according to the progress of the project. Unpaid costs mainly due to the project not completed and accepted. Others represent loan from individuals and expenses paid on behalf of staffs.

NOTE 9 – CONTRACT LIABILITIES

|                     |     | As of March 
 31,         |      2025 |     |   |  2024 |
|:--------------------|:----|:------------|----------:|:----|:--|------:|
| Billings in advance 
 of performance      |     | $           | 1,689,834 |     | $ | 8,