Company: AOAO
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001493152-25-027381
Chunk: 68

Company: Alpha One Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 68
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 needed to support operations.

Working Capital

|                           |     |   |       June 
   30, 2025 |   |     |   |      March 
   31, 2025 |   |     |   | Change     |   |
|:--------------------------|:----|:--|-----------:|:--|:----|:--|-----------:|:--|:----|:--|:-----------|:--|
| Total current assets      |     | $ |  4,512,755 |   |     | $ |  5,926,787 |   |     | $ | (1,414,032 | ) |
| Total current liabilities |     |   |  9,987,891 |   |     |   | 10,754,321 |   |     |   | (766,430   | ) |
| Working capital           |     | $ | (5,475,136 | ) |     | $ | (4,827,534 | ) |     | $ | (647,602   | ) |

As of June 30, 2025, we had total current assets of $4,512,755 consisting of cash on hand of $1,894, net accounts receivables of $2,839,971, including the amount of $2,791,371 past due from the original contract payment terms ($316,921 was incurred from 3 months to 12 months and $2,474,450 was incurred from 12 months to 24 months), contract cost of $294,885, prepayment and other receivables of $1,361,762 and due from related party of $14,243, compared to total current assets of $5,926,787 as of March 31, 2025. The decrease was mainly due to the decrease in account receivables and prepayment and other current assets as of June 30, 2025. We had current liabilities of $9,987,891, mainly consisting of accounts payable of $948,972, contract liabilities of $394,738, accrued expenses and other payables of $4,153,212, current portion of bank and other borrowings of $1,401,261, income tax payable of $656,623 and due to related parties of $2,410,854, compared to total current liabilities of $10,754,321 as of March 31, 202