Company: AOAO
Filing Date: 2025-02-24
Form Type: S-1/A
Source: 0001493152-25-008010
Chunk: 108

Company: Alpha One Inc.
Filing Date: 2025-02-24
Form: S-1/A
Chunk 108
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 ) |

NOTE 4 – ACCOUNTS RECEIVABLE, NET

Accounts receivable consisted of the following as of March 31, 2024 and 2023:

|                                       |     | As of March 
 31,         |      2024 |   |     |   |      2023 |
|:--------------------------------------|:----|:------------|----------:|:--|:----|:--|----------:|
| Accounts receivable                   |     | $           | 9,932,684 |   |     | $ | 5,715,660 |
| Less: Allowance for doubtful accounts |     |             |  (186,649 | ) |     |   |         - |
| Account receivable, net               |     | $           | 9,746,035 |   |     | $ | 5,715,660 |

Allowance for doubtful accounts movement is as follows:

|                                         |     | As of March 
 31,         
 2024        |          |   |     | 2023 |   |
|:----------------------------------------|:----|:------------|:---------|:--|:----|:-----|:--|
| Beginning balance                       |     | $           | -        |   |     | $    | - |
| Additions to allowance                  |     |             | (186,649 | ) |     |      | - |
| Foreign currency translation adjustment |     |             | -        |   |     |      | - |
| Ending balance                          |     | $           | (186,649 | ) |     | $    | - |

NOTE 5 – PROPERTY AND EQUIPMENT, NET

Property and equipment consisted of the following as of March 31, 2024 and 2023:

|                                         |     | As of March 
 31,         |    2024 |   |     |   |    2023 |   |
|:----------------------------------------|:----|:------------|--------:|:--|:----|:--|--------:|:--|
| Office equipment                        |     | $           |   9,322 |   |     | $ |   5,124 |   |
| Furniture equipment                     |     |             |  16,695 |   |     |   |  16,018 |   |
| Communication equipment                 |     |             |  39,582 |   |     |