Company: AOAO
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001493152-25-018240
Chunk: 134

Company: Alpha One Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 134
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 is strong evidence indicating that the accounts receivable is likely to be unrecoverable, the Company also makes specific allowance in the period in which a loss is determined to be probable. Accounts receivable are considered impaired and written-off when it is probable that all contractual payments due will not be collected after all collection efforts have been exhausted. As of June 30, 2025, we have 10% of the receivables within 12 months, 53% within 13 to 24 months and 37% over 24 months. Our allowance for credit losses were $605,202 and $86,537 for the three months ended June 30, 2025 and 2024 respectively

As of June 30, 2025 and March 31, 2025, Accounts receivable aging are as follow:

|                    |     |   |       June 
 30,   2025 |     |   |      March 
 31,   2025 |
|:-------------------|:----|:--|-----------:|:----|:--|-----------:|
| Less than 3 months |     | $ |    586,062 |     | $ |     32,052 |
| 4 to 12 months     |     |   |    352,135 |     |   |    679,966 |
| 13 to 24 months    |     |   |  4,948,900 |     |   |  5,082,710 |
| Over 24 months     |     |   |  3,488,797 |     |   |  3,275,471 |
|                    |     | $ |  9,375,894 |     |   |  9,070,199 |

The credit term for the customers of telecommunication engineering services was 90 working days after the quality acceptance checked. As of June 30, 2025 and March 31, 2025, there were $8,789,832 and $9,038,147 respectively past due from the original contract payment terms.

| F-26 |

Property and equipment, net

Property and equipment is carried at cost less accumulated depreciation. Depreciation is provided over their estimated useful lives, using the straight-line method. Estimated useful lives of the property and equipment are as follows:

| Categories    |     | Estimated   
 useful life |
| Office        
 equipment     |     | 3-5