Netcapital Inc

For the period ended Apr 30, 2024. Filed Jul 29, 2024.

About 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

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Contents

Consolidated Statements of Operations

	Year Ended	Year Ended
	April 30, 2024	April 30, 2023
Revenues	$4,951,435	$8,493,985
Costs of services	108,060	85,038
Gross profit	4,843,375	8,408,947
Costs and expenses:
Consulting expense	610,209	589,349
Marketing	333,771	85,482
Rent	76,117	75,052
Payroll and payroll related expenses	3,838,640	3,646,490
General and administrative costs	3,427,026	1,740,698
Total costs and expenses	8,285,763	6,137,071
Operating income (loss)	(3,442,388)	2,271,876
Other income (expense):
Interest expense	(45,990)	(93,842)
Gain on debt conversion	-	224,260
Amortization of intangible assets	(93,862)	(96,407)
Impairment expense	(1,048,430)	-
Other income	1,200	51,645
Unrealized gain (loss) on equity securities	(2,696,135)	1,857,500
Realized loss on sale of investment	-	(406,060)
Total other income (expense)	(3,883,217)	1,537,096
Net income (loss) before taxes	(7,325,605)	3,808,972
Income tax expense (benefit)	(2,339,288)	854,000
Net income (loss)	$(4,986,317)	$2,954,972
Basic earnings (loss) per share	$(0.41)	$0.63
Diluted earnings (loss) per share	$(0.41)	$0.63
Weighted average number of common shares outstanding:
Basic	12,105,577	4,677,214
Diluted	12,105,577	4,677,464

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.