Netcapital Inc.

For the period ended Apr 30, 2025. Filed Aug 12, 2025.

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.

FY2025 · Filed Aug 12, 2025

NCPL$1.82+44.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

	April 30, 2025	April 30, 2024
Assets:
Cash and cash equivalents	$289,428	$863,182
Accounts receivable net	78,649	134,849
Note receivable	-	20,000
Other receivables	-	1,200
Prepaid expenses	31,535	23,304
Total current assets	399,612	1,042,535
Deposits	6,300	6,300
Notes receivable - related parties	50,000	202,000
Purchased technology, net	14,697,529	14,733,005
Investment in affiliate	-	240,080
Equity securities	5,748,050	25,333,386
Total assets	$20,901,491	$41,557,306
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$2,941,108	$793,325
Accrued expenses	269,971	310,300
Short-term promissory notes	263,437	-
Deferred revenue	330	466
Interest payable	100,797	92,483
Current portion of SBA loans	1,885,800	1,885,800
Loan payable - bank	34,324	34,324
Total current liabilities	5,495,767	3,116,698
Long-term liabilities:
Long-term SBA loans, less current portion	500,000	500,000
Total liabilities	5,995,767	3,616,698
Commitments and contingencies	-	-
Stockholders’ equity:
Common stock, $.001 par value; 900,000,000 shares authorized, 2,192,226 and 326,867 shares issued and outstanding	2,192	327
Shares to be issued	200,000	122,124
Capital in excess of par value	42,525,294	37,338,594
Retained earnings	(27,821,762)	479,563
Total stockholders’ equity	14,905,724	37,940,608
Total liabilities and stockholders’ equity	$20,901,491	$41,557,306

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.