Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 324

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 324
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 equipment.

F-48

NOTE 5 — LONG-TERM PREPAID EXPENSES, NET

Long-term prepaid expenses, net, consisted of the following:

| ​                               
 ​                               | ​ | ​              
 March 31, 2025 |       ​ |
|:--------------------------------|:--|:---------------|--------:|
| Marketing expenses *            | ​ | $              | 500,000 |
| Subtotal                        | ​ |                | 500,000 |
| Less: accumulated amortization  | ​ |                | -62,500 |
| Long-term prepaid expenses, net | ​ | $              | 437,500 |

*As the marketing work will be conducted by a service provider until December 31, 2026, by which date the Company can benefit from the service, the Company recognize it as a long-term prepaid expense.

NOTE 6 — PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consist of the following:

| ​                              
 ​                              
 ​                              
 ​                              | ​ 
 ​ 
 ​ | ​         
 March 31, 
 2025      
 ​         |        ​ 
        ​ | ​ 
 ​ 
 ​ | ​             
 September 30, 
 2024          
 ​             |        ​ 
  audited |
|:-------------------------------|:--|:----------|---------:|:--|:--------------|---------:|
| Electronic equipment           | ​ | $         |  581,216 | ​ | $             |  598,738 |
| Office furniture               |   | ​         |    4,272 |   | ​             |    4,417 |
| Transportation equipment       |   | ​         |        — |   | ​             |   37,784 |
| Subtotal                       |   | ​         |  585,488 |   | ​             |  640,939 |
| Less: accumulated depreciation |   | ​         | -552,724 |   | ​             | -601,232 |
| Property and equipment, net    | ​ | $         |   32,764 | ​ | $             |   39,707 |

Depreciation for the six months ended March 31, 2025 and 2024 was $ and $, respectively.

NOTE 7 — INTANGIBLE ASSETS, NET

Intangible assets, net, consisted of the following:

| ​                              
 ​                              | ​ | ​              
 March 31, 2025 |