Company: AOAO
Filing Date: 2025-02-24
Form Type: S-1/A
Source: 0001493152-25-008010
Chunk: 143

Company: Alpha One Inc.
Filing Date: 2025-02-24
Form: S-1/A
Chunk 143
---
 31, 2024 was as follows:

|                                          |     |   | September 30, 
          2024 |     |   | March 31, 
      2024 |
|:-----------------------------------------|:----|:--|--------------:|:----|:--|----------:|
| Bank of China                            |     | $ |       349,352 |     | $ |   414,109 |
| Bank of Communications                   |     |   |             - |     |   |   270,071 |
| Industrial and Commercial Bank of China  |     |   |       427,464 |     |   |         - |
| SPD Bank                                 |     |   |       427,464 |     |   |   415,494 |
| WeBank                                   |     |   |       318,165 |     |   |   390,169 |
| Aggregate outstanding principal balances |     |   |     1,522,445 |     |   | 1,489,843 |
| Less: current portion                    |     |   |     1,433,657 |     |   | 1,351,345 |
| Non-current portion                      |     | $ |        88,788 |     | $ |   138,498 |

The total interest expenses were $50,384 and $25,079 for the six months ended September 30, 2024 and 2023, respectively.

Future minimum loan payments as of September 30, 2024 are as follows:

| Year ending March 31, 
 2025 (remaining)      |     |   |   891,504 |
|:----------------------|:----|:--|----------:|
| 2026                  |     |   |   630,941 |
| Thereafter            |     |   |         - |
| Total                 |     | $ | 1,522,445 |

NOTE 13 – CONCENTRATIONS OF RISK

(a) Major customers

For the six months ended September 30, 2024, the customers who accounted for more than 10% of the Company’s revenues and the accounts receivable balances at period-end are presented as follows:

|            |     |          | For the six months ended 
       September 30, 2024 |     |               |    |   |     |            |              As of 
 September 30, 2024 |