Alpha Star Acquisition Corp (ALSAF)
Currently, Alpha Star Acquisition Corporation does not conduct substantial active operations. Its core mission is to complete a business combination – such as a merger, share exchange, asset acquisition, stock purchase, or other corporate reorganization – with one or more enterprises. The company plans to target businesses located in Asia, with a strategic interest spanning various sectors including clean energy, internet and high technology, financial technology, healthcare, consumer and retail, energy and resources, manufacturing, and education. Established in 2021, Alpha Star Acquisition Corporation is headquartered in New York, New York, and operates as a subsidiary of A-Star Management Corp.
Sector: Services-Prepackaged Software
Industry: Shell Companies
Alpha Star Acquisition Corporat
OTC:ALSAFFinancial Services · Shell Companies
Mkt Cap$97K
Float352K
O/S3.23M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$847K
Total Assets$724K
Free Cash Flow-$652K
Debt & Equity
Total Debt$1.43M
Total Equity-$2.25M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ALSAF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$724K
Liabilities$2.97M
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $0 | $0 | $0 | $0 | $0 |
| Gross Margin | - | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $0 | -$435K | $0 | $0 |
| Other | $0 | $0 | $0 | -$86K | $53K |
| Total Operating Expenses | $0 | $0 | -$435K | -$86K | $53K |
| Operating Income (EBIT) | -$888K | -$914K | -$435K | $588K | $53K |
| Operating Margin | - | - | - | - | - |
| Interest Expense | $0 | $0 | $0 | $462K | $106K |
| Interest Income | $0 | $0 | $0 | $0 | $749 |
| Other Income (Expense) | $41K | $2.26M | $5.36M | -$1.05M | -$106K |
| Income Before Tax (EBT) | -$847K | $1.34M | $4.92M | -$462K | -$53K |
| Income Tax Expense | $0 | $0 | $0 | $462K | $106K |
| Net Income | -$847K | $1.34M | $4.92M | -$925K | -$158K |
| Net Income Margin | - | - | - | - | - |
| Supplementary Data | |||||
| EPS | -0.39 | 0.38 | 0.47 | -0.08 | -0.01 |
| Diluted EPS | -0.39 | 0.38 | 1.54 | -0.08 | -0.01 |
| Weighted Average OS | 22,664 | 3.54M | 10.41M | 11.50M | 11.50M |
| EBITDA | -$888K | -$914K | -$435K | $142K | -$53K |
| EBITDA Margin | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $0 | $0 | $0 | $111K | $388K |
| Short-Term Investments | $0 | $10.82M | $0 | $0 | $115M |
| Cash and Short-Term Investments | $0 | $10.82M | $0 | $111K | $115.39M |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $6K | $2K | $13K | $118.23M | $142K |
| Total Current Assets | $6K | $10.82M | $13K | $118.34M | $115.53M |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $718K | $293K | $101.59M | $118.23M | $0 |
| Total Long-Term Assets | $718K | $293K | $101.59M | $118.23M | $0 |
| Other Assets | $0 | $0 | $0 | -$118.23M | $0 |
| Total Assets | $724K | $11.11M | $101.6M | $118.34M | $115.53M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $1.43M | $394K | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $591K | $11.17M | $6.19M | $1.75M | $2.93M |
| Total Current Liabilities | $2.02M | $11.56M | $6.19M | $4.63M | $2.93M |
| Long-Term Liabilities | |||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $950K | $2.88M | $2.88M | $2.88M | $0 |
| Total Long-Term Liabilities | $950K | $2.88M | $2.88M | $2.88M | $0 |
| Other Liabilities | $0 | $0 | $0 | -$2.88M | $0 |
| Total Liabilities | $2.97M | $14.44M | $9.06M | $4.63M | $2.93M |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $721K | $296K | $101.61M | $118.23M | $0 |
| Retained Earnings | -$11.23M | -$10.38M | -$9.07M | -$4.52M | -$2.4M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $8.26M | $6.76M | $0 | -$118.23M | $3K |
| Total Equity | -$2.25M | -$3.33M | $92.54M | -$4.52M | -$2.4M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $724K | $11.11M | $101.6M | $111K | $531K |
| Supplementary Data | |||||
| Total Debt | $1.43M | $394K | $0 | $0 | $0 |
| Net Debt | $1.43M | $394K | $0 | -$111K | -$388K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Operating Activities | ||||
| Net Income | -$847K | $1.34M | $4.92M | $1.11M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||
| Accounts Receivable | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $169K |
| Total Working Capital Change | $0 | $0 | $0 | $169K |
| Other Non-Cash Items | $195K | -$1.59M | -$5.16M | -$1.55M |
| Net Cash from Operating | -$652K | -$243K | -$236K | -$277K |
| Investing Activities | ||||
| Capital Expenditures | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 |
| Sales of Investments | $10.82M | $93.38M | $0 | $0 |
| Other Investing Activities | -$385K | -$645K | $22M | -$1.53M |
| Net Cash from Investing | $10.43M | $92.74M | $22M | -$1.53M |
| Financing Activities | ||||
| Debt Repaid | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | -$2.26M | $0 | $0 |
| Other Financing Activities | -$9.74M | -$90.24M | -$21.87M | $1.53M |
| Net Cash from Financing | -$9.78M | -$92.49M | -$21.87M | $1.53M |
| Forex Effect | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $0 | -$111K | -$277K |
| Supplementary Data | ||||
| Operating Cash Flow | -$652K | -$243K | -$236K | -$277K |
| Capital Expenditure | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$652K | -$243K | -$236K | -$277K |
| Cash at Beginning | $0 | $0 | $111K | $388K |
| Cash at End | $0 | $0 | $0 | $111K |