Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 150

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 150
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| Net cash provided by (used in) operating activities | ​ | $ | -135,655 | ​ | $ |  391,876 | ​ | $ | -571,449 |
| Net cash provided by (used in) financing activities | ​ |   |   10,865 | ​ |   | -152,913 | ​ |   | -125,578 |
| Effect of exchange rate change on cash              | ​ |   |   15,469 | ​ |   |  -16,067 | ​ | $ |  -43,205 |
| Net increase (decrease) in cash and restricted cash | ​ | $ | -109,321 | ​ | $ |  222,896 | ​ | $ | -740,232 |

Operating Activities Net cash used in operating activities was approximately $0.1 million for the year ended September 30, 2024. Net cash used in operating activities for the year ended September 30, 2024 consisted of approximately $1.4 million of net loss, increase of approximately $3.0 million in accounts receivable, approximately $0.1 million increase in inventories and advance to vendors in total, and approximately 0.1 million decrease in operating lease liability, offset by adjustment of $0.2 million non-cash items, a decrease of receivable from sales of shares, prepayments and other current assets of approximately $2.3 million, an increase of approximately $1.6 million in accounts payable, an increase of approximately $0.2 million in advance from customers, and a decrease of approximately $0.1 million in accrued expenses and other liabilities. Net cash provided by operating activities was approximately $0.4 million for the year ended September 30, 2023. Net cash provided by operating activities for the year ended September 30, 2023 consisted of approximately $0.2 million of net income, adjustment of $0.4 million non-cash items, a decrease of accounts receivable of approximately $1.1 million, an increase of approximately $0.2 million in accounts payable, an increase of approximately $0.2 million in tax payable, offset by an increase of approximately $1.0 million in advance to vendors, an increase of approximately $0.4 million in prepayments and other current assets, a decrease of approximately $0.1 million in advance from customers, and a decrease of approximately $0.1