Company: AOAO
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001493152-25-027381
Chunk: 90

Company: Alpha One Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 90
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 whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

/s/ Bush & Associates CPA LLC

We have served as the Company’s auditor since 2024.

Henderson, Nevada

July 30, 2025

PCAOB ID Number 6797

| F-2 |

<div align='center'>Alpha One Inc. and Subsidiaries

Consolidated Balance Sheets

As of March 31, 2025 and 2024</div>

| Assets                                                                              
 Current assets                                                                      |     | As of March 31, 
 2025            |            |   |     | 2024 |            |   |
|:------------------------------------------------------------------------------------|:----|:----------------|-----------:|:--|:----|:-----|-----------:|:--|
| Cash and cash equivalents                                                           |     | $               |        614 |   |     | $    |    383,682 |   |
| Accounts receivable, net                                                            |     |                 |  3,182,171 |   |     |      |  9,746,035 |   |
| Prepayments and other current assets, net                                           |     |                 |  2,435,228 |   |     |      |  1,149,225 |   |
| Contract costs                                                                      |     |                 |    148,201 |   |     |      |          - |   |
| Due from related party                                                              |     |                 |    160,573 |   |     |      |    310,010 |   |
| Total current assets                                                                |     |                 |  5,926,787 |   |