Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 157

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 157
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 26.3% and 34.0% of our total revenue, respectively. Revenue from Smart Campus Solutions is under the revenue stream of subscription service.

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NetClass Mobile Learning Platforms

NetClass mobile learning platforms are designed for online learning. Traditional in-person training may be limited by space, costs, and travel restrictions as a result of the COVID-19 pandemic. The NetClass mobile learning platforms allow users to watch videos, manage courses, and ask questions at a time and place that best fit their schedule. We can provide a curated selection of courseware based on a customer’s need and keep record of the learning process. NetClass mobile learning system can also support learners to study on desktop computers. The platform also organizes such data into charts and information that is valuable to the customer to evaluate and improve the efficiency of their training. Generally, the customers provide the topics of training and sometimes provide course material themselves. If the customers do not have course material ready to use, we will either purchase the courseware from third parties or work with the customer to create course materials.

For the six months ended March 31, 2025, and 2024, revenue from online learning platforms and related services and development accounted for 31.8% and 35.3% of our total revenue, respectively

During the years ended September 30, 2024, 2023 and 2022, revenue from online learning platforms and related services and development accounted for 30.6%, 39.6% and 83.7% of our total revenue, respectively.

EDC (Education Credit) Blockchain System

The EDC (Education Credit) blockchain system facilitates record keeping that ensures secure, traceable, verifiable, and non-fungible exchange of data such as education credits, education coupons and certificates among institutions in the education ecosystem.

The EDC system awards one EDC credit to the student who completes one hour of the training course. Such EDC credits create records for awarding academic certificates upon completing certain amount of training courses. The EDC credits and certificates earned by the student are not changeable and cannot be rewritten, which creates a digital academic credential that is readily accessible and permanent that accompanies the student for a lifetime. The EDC system also awards digital certificate of coupons and rewards in the form of tokens upon completion of one course. The EDC blockchain system has generated no revenue since it was launched in 2018.

The EDC blockchain system has been operating st