Company: AOAO
Filing Date: 2025-09-16
Form Type: S-1/A
Source: 0001493152-25-013575
Chunk: 30

Company: Alpha One Inc.
Filing Date: 2025-09-16
Form: S-1/A
Chunk 30
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 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, 2025 and 2024 have been prepared under the assumption that we will continue as a going concern. For the year ended March 31, 2025, we have incurred a net loss of $6,142,321 and net cash used in operating activities of $1,695,892. For the three months ended June 30, 2025, we have incurred a net loss of 327,941 and net cash used in operating activities of $170,673. Our independent registered public accounting firm has issued a report that included an expressing substantial doubt in our ability to continue as a going concern. Our ability to continue as a going concern is dependent upon our ability to obtain additional equity or debt financing, attain further operating efficiencies, collect the accounts receivable, reduce expenditures, and, ultimately, to generate revenue. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

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We rely entirely on the operations of Shenzhen Zhongyun. Any successes or failures of Shenzhen Zhongyun will directly impact our financial condition and may cause your investment to be either positively or negatively impacted.

At present, we share