Company: AOAO
Filing Date: 2025-02-24
Form Type: S-1/A
Source: 0001493152-25-008010
Chunk: 117

Company: Alpha One Inc.
Filing Date: 2025-02-24
Form: S-1/A
Chunk 117
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,586 |

(c) Credit risk

Financial instruments that are potentially subject to credit risk consist principally of accounts receivable. The Company does not generally require collateral from customers. The Company evaluates the need for an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.

The related party transactions are generally transacted in an arm-length basis at the current market value in the normal course of business.

NOTE 14 – EARNINGS PER SHARE

The following table sets forth the basic and diluted net income per common share computation and provides a reconciliation of the numerator and denominator for the years presented:

| Numberator:                                                        |     | For                   
 the years ended March 
 31,                   
 2024                  |            |     | 2023 |            |
|:-------------------------------------------------------------------|:----|:----------------------|-----------:|:----|:-----|-----------:|
| Net income                                                         |     | $                     |  1,245,550 |     | $    |    329,518 |
| Net income attributable to Alpha One Inc.’s shareholders - basic   |     |                       |  1,245,550 |     |      |    329,518 |
| Net income attributable to Alpha One Inc.’s shareholders - diluted |     |                       |  1,245,550 |     |      |    329,518 |
| Denominator                                                        |     |                       |            |     |      |            |
| Weighted average common shares outstanding-basic                   |     |                       | 76,809,533 |     |      | 76,809,533 |
| Weighted average common shares outstanding-diluted                 |     |                       | 76,809,533 |     |      | 76,809,533 |
| Net income/(loss) per common share                                 |     |                       |            |     |      |            |
| - Basic                                                            |     | $                     |       0.02 |     | $    |       0.01 |
| - Diluted                                                          |     | $                     |       0.02 |     | $    |       0.01 |

NOTE 15 - SUBSEQUENT EVENTS

On May 28, 2024, 25,450,086 shares of common stock
of AOAO transferred from Zhongyun Global International Group Limited to seventy-one individuals (including Shuhua Liu 1,561,033 shares)
and two corporates, after