Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 292

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 292
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 disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items and interim disclosures of a reportable segment’s profit or loss and assets. ASU 2023-07 is applied retroactively to all periods presented in financial statements, unless it is impracticable. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company plans to adopt this guidance effective October 1, 2025 and the Company is currently evaluating the impact of adopting this ASU on its CFS.In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. This ASU requires additional quantitative and qualitative income tax disclosures to enable financial statements users better assess how an entity’s operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. The ASU is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted and can be applied on either a prospective or retroactive basis. The Company plans to adopt this guidance effective October 1, 2025 and the Company is currently evaluating the impact of adopting this ASU on its CFS.Other accounting standards that have been issued by FASB that do not require adoption until a future date are not expected to have a material impact on the CFS upon adoption. The Company does not discuss recent standards that are not anticipated to have an impact on or are unrelated to its CFS.​

#### F-20
NOTE 3 — ACCOUNTS RECEIVABLE, NET

Accounts receivable as of September 30, 2024 and 2023 are as follows:

| ​                                        | ​ 
 ​ | ​ |         ​ 
      2024 | ​ | ​ |         ​ 
      2023 |
|:-----------------------------------------|:--|:--|----------:|:--|:--|----------:|
| Accounts receivable                      | ​ | $ | 6,078,115 | ​ | $ | 2,921,298 |
| Less: allowance for doubtful credit loss |   | ​ |  -780,109 |   | ​ |  -634,166 |
| Account receivable, net