Company: AOAO
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001493152-25-001624
Chunk: 103

Company: Alpha One Inc.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 103
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 where the subsidiaries are located. The Company believes that no significant credit risk exists as these financial institutions have high credit quality.

The Company also exposures to credit risk associated with its trading and other activities is measured on an individual counterparty basis, as well as by Company of counterparties that share similar attributes. Concentrations of credit risk can be affected by changes in political, industry, or economic factors. To reduce the potential for risk concentration, the Company generally requires payment after delivery of the serviceswithin 90 to 120 days and advanced payment acquired before delivery of goods. Credit limits are established and exposure is monitored in light of changing counterparty and market conditions. For the year ended March 31, 2024, three customers accounted for more than 10% of the Company’s total revenues which totaled of 6 8% revenues and 31% accounts receivable. For the year March 31, 2023, four customers accounted for more than 10% of the Company’s total revenues which totaled of 8 8% revenues and 89% accounts receivable. For the year ended March 31, 2024, the Company had one supplier that accounted for more than 10% of the Company’s total cost of revenues which totaled of 81% and nil% accounts payable. For the year ended March 31, 2023, the Company had three suppliers that accounted for more than 10% of the Company’s total cost of revenues which totaled of 4 1% cost of revenues and 59% accounts payable.

Interest rate risk

Fluctuations in market interest rates may negatively affect our financial condition and results of operations. The Company is exposed to floating interest rate risk on cash deposit and floating rate borrowings, and the risks due to changes in interest rates is not material. The Company has not used any derivative financial instruments to manage our interest risk exposure.

Related party transaction

A related party is generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties.

Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive