Company: AOAO
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001493152-25-001624
Chunk: 60

Company: Alpha One Inc.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 60
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 of 278%, as compared to the net income of $329,518 for the year ended March 31, 2023. The increase was primarily due to the net revenue increase.

Liquidity and Capital Resources

Working Capital

|                           |     | Years Ended March 31, |       2024 |     |   |      2023 |     |   |    Change |
|:--------------------------|:----|:----------------------|-----------:|:----|:--|----------:|:----|:--|----------:|
| Total current assets      |     | $                     | 11,588,952 |     | $ | 6,350,938 |     | $ | 5,238,014 |
| Total current liabilities |     |                       |  9,070,491 |     |   | 5,363,972 |     |   | 3,706,519 |
| Working capital           |     | $                     |  2,518,461 |     | $ |   986,966 |     | $ | 1,531,495 |

As of March 31, 2024, we had total current assets of $11,588,952 consisting of cash on hand of $383,682, net accounts receivable of $9,746,035, net prepayments and other receivables of $1,149,225, and due from related party of $310,010, compared to total current assets of $6,350,938 as of March 31, 2023. The increase was mainly due to the increase in accounts receivable, prepayments and other receivables in 2024. We had current liabilities of $9,070,491, mainly consisting of accounts payable of $1,513,854, accrued expenses and other payables of $4,153,740, current portion of bank and other borrowings of $1,351,345, current portion of operating lease liabilities of $11,066, income tax payable of $653,168 and due to related parties of $1,376,439 compared to total current liabilities of $5,363,972 as of March 31, 2023.

| 29 |

Cash Flows

|                                                              |     | Years Ended March 31, |     2024 |   |     |   |       2023 |   |     |   | Change     |   |
|:-------------------------------------------------------------|