Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 123

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 123
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 September 30, 2024 and September 30, 2023, revenue from mainland China was approximately $4.3 million, and $5.5 million, accounted approximately 42.1% and 49.4% of total revenue of the Company for the year; revenue from outside of mainland China was approximately $5.8 million and $5.6 million, accounted for approximately 57.9% and 50.6% of total revenue of the Company for the year. As of September 30, 2024 and 2023, the total assets related the Company’s outside of mainland China business was approximately $4.5 million and $3.6 million, were mainly comprised of cash, account receivables, advance to suppliers, which directly related to its operation outside of mainland China. The following tables present selected condensed consolidated statements of income and comprehensive income for the year ended September 30, 2024 and September 30, 2023, and the selected condensed consolidated balance sheets as of September 30, 2024 and September 30, 2023, which showing financial information for mainland China and outside mainland China market and consolidated information.

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As of and for the fiscal year ended September 30, 2024:

| ​                             
 ​                             
 ​                             
 Year Ended September 30, 2024 | ​ 
 ​ 
 ​ | ​        
 Mainland 
 China    |          ​ 
          ​ | ​ 
 ​ 
 ​ | ​          
 Outside of 
 mainland   
 China      |         ​ | ​ 
 ​ 
 ​ | ​     
 ​     
 Total |          ​ 
          ​ 
          ​ |
|:------------------------------|:--|:---------|-----------:|:--|:-----------|----------:|:--|:------|-----------:|
| Revenue                       | ​ | $        |  4,257,832 | ​ | $          | 5,843,815 | ​ | $     | 10,101,647 |
| Net (Loss) / Income           | ​ | $        | -1,061,545 | ​ | $          |  -328,179 | ​ | $     | -1,389,724 |

| ​                        
 ​                        
 ​                        
 As of September 30, 2024 | ​ 
 ​ 
 ​ | ​        
 Mainland 
 China    |         ​ 
         ​ | ​ 
 ​ 
 ​ | ​          
 Outside of 
 mainland   
 China