Company: AOAO
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001493152-25-027381
Chunk: 110

Company: Alpha One Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 110
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party and market conditions. For the year ended March 31, 2025, two customers accounted for more than 10% of the Company’s total revenues which totaled of 94% revenue and accounted for 85% of the Company’s total accounts receivable. For the year ended March 31, 2024, three customers accounted for more than 10% of the Company’s total revenues which totaled of 68% revenues and 32% accounts receivable. For the year ended March 31, 2025, the Company had one supplier that accounted for more than 10% of the Company’s total cost of revenues which totaled of 18% and nil% accounts payable. 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.

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, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated.

| F-13 |

Recent Accounting Pronouncement

In July 2023, the FASB issued
ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendments in ASU 2023-07 improve reportable
segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses, The amendments in ASU