Netcapital Inc.
For the period ended Apr 30, 2025. Filed Aug 12, 2025.
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.
FY2025 · Filed Aug 12, 2025
NCPL$1.97+8.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| Year Ended · Year Ended | ||||
|---|---|---|---|---|
| April 30, 2025 · April 30, 2024 | ||||
| OPERATING ACTIVITIES | ||||
| Net loss | $(28,301,325) | $(4,986,317) | ||
| Adjustment to reconcile net loss to net cash used in operating activities: | ||||
| Stock-based compensation | 757,484 | 1,324,917 | ||
| Receipt of equity in lieu of cash | (72,090) | (3,427,699) | ||
| Unrealized (gain) loss on equity securities | (18,050) | 2,696,135 | ||
| Provision for bad debts | 178,534 | 267,500 | ||
| Accretion of short-term notes | 6,937 | - | ||
| Changes in deferred taxes | - | (1,657,000) | ||
| Amortization of intangible assets | 35,476 | 93,862 | ||
| Impairment of assets | 19,915,556 | 1,048,430 | ||
| Changes in non-cash working capital balances: | ||||
| Accounts receivable | 52,066 | (293,849) | ||
| Prepaid expenses | (8,231) | (4,878) | ||
| Other receivables | (1,200) | (1,200) | ||
| Accounts payable and accrued expenses | 2,107,454 | 240,229 | ||
| Income taxes payable | - | (174,000) | ||
| Deferred revenue | (136) | (195) | ||
| Accrued interest payable | 8,314 | (5,773) | ||
| Net cash used in operating activities | (5,339,211) | (4,879,838) | ||
| INVESTING ACTIVITIES | ||||
| Note receivable | - | (20,000) | ||
| Net cash used in investing activities | - | (20,000) | ||
| FINANCING ACTIVITIES | ||||
| Payment to secured lender | - | (350,000) | ||
| Proceeds from exercise of warrants | 2,529,957 | 4,968 | ||
| Proceeds from short-term notes | 256,500 | - | ||
| Proceeds from sale of common stock | 1,979,000 | 5,538,611 | ||
| Net cash provided by financing activities | 4,765,457 | 5,193,579 | ||
| Net increase (decrease) in cash | (573,754) | 293,741 | ||
| Cash and cash equivalents, beginning of the period | 863,182 | 569,441 | ||
| Cash and cash equivalents, end of the period | $289,428 | $863,182 | ||
| Supplemental disclosure of cash flow information: | ||||
| Cash paid for taxes | $ | - | $ | - |
| Cash paid for interest | $32,852 | $50,265 | ||
| Supplemental Non-Cash Financing Information: | ||||
| Common stock issued to pay related party payable | $ | - | $90,204 | |
| Common stock issued to purchase 10% interest in Caesar Media Group Inc. | $ | - | $366,377 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.