Company: AOAO
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001493152-25-001624
Chunk: 128

Company: Alpha One Inc.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 128
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 intelligent products directly to the customers, with majority of sales transactions were conducted offline. We recognize product revenue at a point in time when the control of the products has been transferred to customers. The transfer of control is considered complete when products have been picked up by or delivered to our customers. We account for shipping and handling fees as a fulfillment cost.

The following table provides information about disaggregated revenue based on revenue by product types:

|                                        |     | 2024 | Three months ended September 30, |     | 2023 |           |     | 2024 | Six months ended September 30, |     | 2023 |           |
|:---------------------------------------|:----|:-----|---------------------------------:|:----|:-----|----------:|:----|:-----|-------------------------------:|:----|:-----|----------:|
| Telecommunication engineering services |     | $    |                          153,297 |     | $    | 1,873,136 |     | $    |                        472,142 |     | $    | 3,399,276 |
| Intelligent products                   |     |      |                                - |     |      |         - |     |      |                              - |     |      |         - |
| Total                                  |     | $    |                          153,297 |     | $    | 1,873,136 |     | $    |                        472,142 |     | $    | 3,399,276 |

| F-27 |

Contract liabilities

Contract liabilities consist mainly of customer advances. On certain occasions, the Company may receive prepayments from downstream retailers or wholesales customers for wines, water and other products prior to them taking possession of the Company’s products. The Company records these receipts as customer advances until the control of the products has been transferred the customers. As of September 30, 2024 and March 31, 2024, the Company had contract liabilities of $8,345 and $8,112, respectively.

Cost of revenues

Amounts recorded as cost of revenues relate to direct expenses incurred in order to generate revenue. Cost of revenues consists primarily of (i) purchase of goods, (ii) costs of telecommunication construction services and (iii) taxes and surcharges.

General and administrative expenses

General and administrative expenses consist primarily of salary and welfare for general and administrative personnel, rental expenses, entertainment expenses, freight, general office expenses and professional service fees.

Research and development expenses