Netcapital Inc
For the period ended Apr 30, 2024. Filed Jul 29, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jul 29, 2024
NCPL$1.82+44.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| April 30, 2024 | April 30, 2023 | |
|---|---|---|
| Assets: | ||
| Cash and cash equivalents | $863,182 | $569,441 |
| Accounts receivable net | 134,849 | 1,388,500 |
| Note receivable | 20,000 | - |
| Interest receivable | 1,200 | - |
| Prepaid expenses | 23,304 | 583,030 |
| Total current assets | 1,042,535 | 2,540,971 |
| Deposits | 6,300 | 6,300 |
| Notes receivable - related parties | 202,000 | 202,000 |
| Purchased technology, net | 14,733,005 | 15,875,297 |
| Investment in affiliate | 240,080 | 240,080 |
| Equity securities | 25,333,386 | 22,955,445 |
| Total assets | $41,557,306 | $41,820,093 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | ||
| Trade | $793,325 | $578,331 |
| Related party | - | 75,204 |
| Accrued expenses | 310,300 | 285,065 |
| Stock subscription payable | - | 10,000 |
| Deferred revenue | 466 | 661 |
| Interest payable | 92,483 | 98,256 |
| Current taxes payable | - | 174,000 |
| Deferred tax liability, net | - | 1,657,000 |
| Related party debt | - | 15,000 |
| Secured note payable | - | 350,000 |
| Current portion of SBA loans | 1,885,800 | 1,885,800 |
| Loan payable - bank | 34,324 | 34,324 |
| Total current liabilities | 3,116,698 | 5,163,641 |
| Long-term liabilities: | ||
| Long-term SBA loans, less current portion | 500,000 | 500,000 |
| Total liabilities | 3,616,698 | 5,663,641 |
| Commitments and contingencies | - | - |
| Stockholders’ equity: | ||
| Common stock, $.001 par value; 900,000,000 shares authorized, 22,880,680 and 6,440,527 shares issued and outstanding | 22,880 | 6,441 |
| Shares to be issued | 122,124 | 183,187 |
| Capital in excess of par value | 37,316,041 | 30,500,944 |
| Retained earnings | 479,563 | 5,465,880 |
| Total stockholders’ equity | 37,940,608 | 36,156,452 |
| Total liabilities and stockholders’ equity | $41,557,306 | $41,820,093 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.