Company: AOAO
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001493152-25-001624
Chunk: 29

Company: Alpha One Inc.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 29
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 measures, such as conducting reviews, tests or examinations on the works in the past, because of the negative publicity or to prevent the reputation of the Company from being negatively affected. As a result, the Company’s operation, business and results of operations may be materially and adversely affected.

Legal and arbitration proceedings may arise and affect the Company’s business, operations and financial results

The Company may be subject to claims in respect of various matters from its customers, suppliers, workers and other parties concerned with the Company’s projects from time to time. Such claims may include claims for compensation for late completion of works and delivery of substandard works or, claims in respect of personal injuries and labour compensation in relation to the works, for which the Company may have to incur costs to defend itself in legal and arbitration proceedings. If the Company is not successful in defending itself in any proceedings, it may be liable to pay damages. Such payments may be significant, and if fall outside the scope and/or limit of the Company’s insurance coverage or monies retained from its labour suppliers, the Company’s business operations and financial position may be adversely affected.

Legal proceedings can be time-consuming, expensive, and may divert the Company’s management’s attention away from the operation of the Company’s business. Any claims or legal proceedings to which the Company may become a party in the future may have a material and adverse impact on the Company’s business. The Company also need to divert resources and incur extra costs to handle the aforementioned outstanding and potential claims, which could affect the Company’s corporate image and reputation in the telecommunications industry if they were published by the press. If the aforementioned claims were successfully made against the Company, it would result in legal costs and damages to be paid to the claimants, which in turn could materially and adversely affect the Company’s revenue, results of operations and financial position.

Our independent registered public accounting firm has expressed doubt about our ability to continue as a going concern, which may hinder our ability to obtain future financing.

Our audited consolidated financial statements as of March 31, 2024 and 2023 have been prepared under the assumption that we will continue as a going concern. For the six months ended September 30, 2024, we have incurred a net loss of $860,310 and net cash used in operating activities of $1,333,237. Our independent registered public accounting firm has issued a report that included an explanatory paragraph referring to our recurring losses from operations and net capital deficiency and expressing substantial doubt in our ability to continue as a going concern without