Company: AOAO
Filing Date: 2025-09-16
Form Type: S-1/A
Source: 0001493152-25-013575
Chunk: 60

Company: Alpha One Inc.
Filing Date: 2025-09-16
Form: S-1/A
Chunk 60
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               |     | $                     | (6,142,321 | ) |     | $ |   1,245,550 |   |     | $ |  (7,387,871 | ) |     | (593 | )% |

| 28 |

Net Revenues

Net revenues totaled $720,263 for the year ended March 31, 2025, an decrease of $22,828,881, or 97%, as compared to the revenue for the year ended March 31, 2024. The decrease in net revenues was mainly due to a significantly decrease in sales of intelligent products US$17,580,582 from the third parties, coverage of 75% of total net revenues for the year ended March 31, 2024.

Cost of Revenues

Cost of revenues totaled $864,677 for the year ended March 31, 2025, an decrease of $19,547,216, or 96%, as compared to for the year ended March 31, 2024. The decrease in cost of revenue was due to the decrease of revenue.

Gross (Loss) Profit

Gross loss was $144,414 for the years ended March 31, 2025 and gross profit $3,137,251 for the year ended March 31, 2024. Gross profit decreased $3,281,665 for the year ended March 31, 2025 primarily due to the significantly decrease in sales of intelligent products.

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