Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 304

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 304
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  4,821,992 |
| Statutory reserves                                                                                                                                                                                       | ​ |           |     35,448 | ​ |               |     35,448 |
| Accumulated deficit                                                                                                                                                                                      | ​ |           | -6,528,896 | ​ |               | -1,704,065 |
| Accumulated other comprehensive loss                                                                                                                                                                     | ​ |           |   -201,488 | ​ |               |   -186,134 |
| TOTAL SHAREHOLDERS’ EQUITY                                                                                                                                                                               | ​ |           |  6,595,346 | ​ |               |  2,971,181 |
| Non-controlling interest                                                                                                                                                                                 | ​ |           |    224,909 | ​ |               |     91,074 |
| TOTAL EQUITY                                                                                                                                                                                             | ​ |           |  6,820,255 | ​ |               |  3,062,255 |
| ​                                                                                                                                                                                                        | ​ | ​         |          ​ | ​ | ​             |          ​ |
| TOTAL LIABILITIES AND EQUITY                                                                                                                                                                             | ​ | $         | 11,432,988 | ​ | $             |  7,228,724 |

The accompanying notes are an integral part of these condensed consolidated financial statements.

F-34

NETCLASS TECHNOLOGY INC UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Expressed in U.S. dollar, except for the number of shares)

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 Revenues                                                           
 Cost of revenues                                                   
 Gross profit                                                       
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 Operating expenses:                                                
 Selling and marketing                                              
 General and administrative                                         
 Research and development                                           
 Total operating expenses                                           
 Loss from operations                                               
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 Other (expense) income:                                            
 Interest income (expense), net                                     
 Gain on acquisition of a subsidiary                                
 Other (expense) income, net                                        
 Total other (expense) income, net                                  
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 Loss before income taxes                                           
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 Income tax benefit                                                 
 Net loss                                                           
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 Other comprehensive income                                         
 Foreign currency translation adjustments                           
 Comprehensive loss                                                 
 Less: Comprehensive loss attributable to non-controlling interests 
 Comprehensive loss attributable to shareholders                    
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 Loss per share                                                     | ​ 
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