Company: AOAO
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001493152-25-001624
Chunk: 108

Company: Alpha One Inc.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 108
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     |   |    2023 |
|:---------------------------------------------------------------|:----|:------------------------------|-----:|:----|:--|--------:|
| Shenzhen Zhongyun Information Technology Co., Ltd              |     | $                             |    - |     | $ | 607,148 |
| Shenzhen Zhongyun Electronic Intelligent Technology Co., Ltd   |     |                               |    - |     |   |   1,984 |
| Shenzhen Nanshan District Zhongyun Computer Development Center |     |                               |  575 |     |   |       - |
|                                                                |     | $                             |  575 |     | $ | 609,132 |

Due from related party mainly consists of funds advanced to related parties as borrowings or funds advanced to pay off the Company’s expenses. The balances are unsecured, non-interest bearing.

Due to related parties mainly consists of borrowings for working capital purpose, the balances are unsecured, non-interest bearing and due on demand.

In addition, during the years ended March 31, 2024 and 2023, these related parties paid expenses on the Company’s behalf in an amount of $354,550 and nil, respectively.

NOTE 11 – OPERATING LEASES

As of March 1, 2022, the Company has one operating lease agreements for office spaces in PRC with a non-related party.

As of March 31, 2024, the Company recognized operating lease liabilities, including current and noncurrent, in the amount of $11,066.

|                                           |     | As of March 31, |   2024 |     |   |   2023 |
|:------------------------------------------|:----|:----------------|-------:|:----|:--|-------:|
| Right-of-use assets-operating lease       |     | $               |  8,542 |     | $ | 24,375 |
| Operating lease liabilities – current     |     | $               | 11,066 |     | $ | 18,567 |
| Operating lease liabilities – non-current |     |                 |      - |     |   | 11,634 |
| Total lease liabilities                   |     | $               | 11,066 |     | $ | 30,201 |

The components of lease expense and supplemental cash flow information related to leases for the years ended March 31, 2024 and 2023 are as follows:

| Other information for the