Company: AOAO
Filing Date: 2025-07-30
Form Type: S-1/A
Source: 0001641172-25-021532
Chunk: 62

Company: Alpha One Inc.
Filing Date: 2025-07-30
Form: S-1/A
Chunk 62
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 due to the significantly decrease in sales of intelligent products.

Operating Expenses

Operating expenses totaled $7,169,954 for the year ended March 31, 2025, an increase of $6,294,271, or 568%, as compared to the year ended March 31, 2024. The increase was primarily due to the significantly increase in allowance for doubtful accounts incurred in 2025 in connection with the accounts receivable and other receivable.

Interest Expenses

Interest expenses total $292,929 for the year ended March 31, 2025, an decrease of $228,745, or 9%, as compared to the year ended March 31, 2024. The decrease was primarily due to the decrease in the short term and long-term loan from bank.

Income Tax

Income tax benefit was $1,464,984 for the year ended March 31, 2025 and income tax expense was $500,201 for the year ended March 31, 2024. Income tax expense decreased $1,965,185 or 393% for the year ended March 31, 2025 primarily due to the increase in deferred tax assets.

Net (loss) income

Net loss totaled $6,142,321 for the year ended March 31, 2025, an decrease of $7,387,871, of 593%, as compared to the net income of $1,245,550 for the year ended March 31, 2024. The decrease was primarily due to the net revenue decrease and increase allowance for doubtful accounts significantly.

Liquidity and Capital Resources

Working Capital

|                           |     | Years Ended March 31, |       2025 |   |     |   |       2024 |     |   |     Change |   |
|:--------------------------|:----|:----------------------|-----------:|:--|:----|:--|-----------:|:----|:--|-----------:|:--|
| Total current assets      |     | $                     |  5,926,787 |   |     | $ | 11,588,952 |     | $ | (5,662,165 | ) |
| Total current liabilities |     |                       | 10,754,321 |   |     |   |  9,070,491 |     |   |  1,683,830 |   |
| Working capital           |     | $                     | (4