| Cash Flow | 2025-10-31 | 2025-07-31 |
|---|---|---|
| Net income (loss) | -5,771,541 | -3,642,052 |
| Stock-based compensation | 655,444 | 516,073 |
| Receipt of equity in lieu of cash | 63,705 | 62,195 |
| Unrealized gain on equity securities | 44,945 | 44,945 |
| Accretion of short-term notes | -356,413 | -356,413 |
| Amortization of intangible assets | 17,738 | 8,869 |
| Accounts receivable | -66,178 | -58,649 |
| Other receivables | 11,041 | 0 |
| Prepaid expenses | 267,372 | 378,126 |
| Accounts payable and accrued expenses | -1,734,036 | -1,041,094 |
| Deferred revenue | -30 | -15 |
| Accrued interest payable | 4,336 | 14,165 |
| Net cash used in operating activities | -6,792,561 | -4,214,258 |
| Proceeds from exercise of warrants | - | 0 |
| Payment of short-term notes | 619,850 | 319,850 |
| Proceeds from short-term notes | 300,000 | 300,000 |
| Proceeds from sale of common stock | 8,507,171 | 8,507,171 |
| Net cash provided by financing activities | 8,187,321 | 8,487,321 |
| Net increase (decrease) in cash | 1,394,760 | 4,273,063 |
| Cash and cash equivalents at beginning of period | 289,428 | 289,428 |
| Cash and cash equivalents at end of period | 1,684,188 | 4,562,491 |
Netcapital Inc. (NCPL)
Netcapital Inc. (NCPL)