UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: January 31, 2022 OR [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 000-55036 NETCAPITAL INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Utah 87-0409951 (I.R.S. Employer Iden ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: October 31, 2021 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 000-55036 NETCAPITAL INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Utah 87-0409951 Identifi ...

Company Overview - Netcapital is a fintech company with a scalable technology platform that empowers private companies to raise capital online and provides investors with access to new investment opportunities[7] - The company incubates and takes equity positions in select, early-stage companies with disruptive technologies[7] Market Opportunity - In 2020, $149 billion was raised through U S venture funding[12] - In June quarter 2021, $70 billion was raised through U S venture funding[12] - Private capital markets are growing at twice the rate of public markets[12] Financial Performance (Q1 2022 Results) - Net income increased by 4,621% to $1.5 million[20] - Book value per share grew to $9.26[20] - Fully diluted EPS was reported at 65 cents per share[20] - Equity securities at fair value increased by 204% to $9.6 million[20] Platform Growth - Dollars invested through the platform increased by 500% compared to the prior year's first quarter[29] - New users increased by 454%, dollars invested by 500%, and traffic by 445% year-over-year for the quarter ended July 31, 2021[33] Regulatory Tailwind - The SEC raised funding limits for RegCF to $5 million from $1.07 million, Reg D, Rule 504 to $10 million from $5 million, and Regulation A Tier 2 to $75 million from $50 million on March 15, 2021[35, 36, 37]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: July 31, 2021 OR [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 000-55036 NETCAPITAL INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Utah 87-0409951 (I.R.S. Employer Identif ...

Revenue Growth - Revenues for fiscal 2021 increased by $2,967,445, or 169%, to $4,721,003 compared to $1,753,558 in fiscal 2020, primarily driven by expanded consulting services[85]. Cost and Expenses - Costs of revenues rose by $748,053, or 6,736%, to $759,158 in fiscal 2021 from $11,105 in fiscal 2020, due to increased revenues and a change in product development strategy[86]. - Stock-based compensation increased by $324,359, or 91%, to $680,611 for fiscal 2021 from $356,252 in the prior year, influenced by higher share prices and new hires[87]. - General and administrative expenses surged by $392,208, or 539%, to $464,955 for the year ended April 30, 2021, primarily due to legal costs and software fees[90]. Cash Flow and Working Capital - As of April 30, 2021, cash and cash equivalents were $2,473,959, with negative working capital of $4,666,833, compared to $11,206 and negative working capital of $1,057,581 as of April 30, 2020[94]. - Net cash used in operating activities amounted to $3,250,868 in fiscal 2021, compared to $3,604 in fiscal 2020, with significant unrealized gains and increases in accounts receivable[97]. - Net cash provided by financing activities totaled $5,471,596, including $4,271,600 from loans and $1,199,996 from stock subscriptions[100]. - The company anticipates a $1.8 million SBA loan will be forgiven, and it raised an additional $300,000 from stock sales in May 2021[95]. - The company has no off-balance sheet arrangements, indicating a straightforward financial structure[109]. Market Trends - The pandemic has driven an increase in online investing, with regular monthly increases in users and dollars invested[96].

FORM 10-Q [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: January 31, 2021 OR [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission file number: 000-55036 NETCAPITAL INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) State Street Financial Center, 1 Linc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: October 31, 2020 OR [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 000-55036 NETCAPITAL INC. F/K/A VALUESETTERS, INC. Utah 87-0409951 (I.R.S. Employer Identification No.) 745 Atlantic Avenue Boston MA 02111 (Address of principal executive offices) ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: July 31, 2020 OR [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 000-55036 VALUESETTERS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Utah 87-0409951 (I.R.S. Employer Ident ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: April 30, 2020 ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 000-55036 VALUESETTERS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: January 31, 2020 OR [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 000-55036 VALUESETTERS INC. (Exact name of registrant as specified in its charter) Utah 87-0409951 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Id ...