Company: AOAO
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001493152-25-027381
Chunk: 61

Company: Alpha One Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 61
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Operating Expenses

Operating expenses totaled $7,169,954 for the year ended March 31, 2025, an increase of $6,294,271, or 568%, as compared to the year ended March 31, 2024. The increase was primarily due to the significantly increase in allowance for doubtful accounts incurred in 2025 in connection with the accounts receivable and other receivable.

Interest Expenses

Interest expenses total $292,929 for the year ended March 31, 2025, an decrease of $228,745, or 9%, as compared to the year ended March 31, 2024. The decrease was primarily due to the decrease in the short term and long-term loan from bank.

Income Tax

Income tax benefit was $1,464,984 for the year ended March 31, 2025 and income tax expense was $500,201 for the year ended March 31, 2024. Income tax expense decreased $1,965,185 or 393% for the year ended March 31, 2025 primarily due to the increase in deferred tax assets.

Net (loss) income

Net loss totaled $6,142,321 for the year ended March 31, 2025, an decrease of $7,387,871, of 593%, as compared to the net income of $1,245,550 for the year ended March 31, 2024. The decrease was primarily due to the net revenue decrease and increase allowance for doubtful accounts significantly.

Liquidity and Capital Resources

Going concern.

For the year ended March 31, 2025, the Company incurred a net loss of $327,941 and used cash in operating activities of $170,673. These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date the financial statements are issued. As of March 31, 2025, we have cash on hand and at banks of $614, although we assess it is able to conduct our planned operation for the next twelve months after the date that the consolidated financial statements are issued. No assurance can be given that any future financing, such as the continued financial support from its stockholders and director or its ability to obtain external financing, the company has only obtained verbal no written funding commitments from stockholders, which are non-binding and may not be fulfilled, no assurance can be given that the accurate financing amount and date. As a result, there can be no