Netcapital (NCPL) S-114 Feb 22IPO registrationFinancial data

Company Profile

Cover

Cover	6 Months Ended
Cover	Oct. 31, 2021
Cover [Abstract]
Document Type	S-1
Amendment Flag	false
Entity Registrant Name	Netcapital Inc.
Entity Central Index Key	0001414767
Entity Tax Identification Number	87-0409951
Entity Incorporation, State or Country Code	UT
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false

Consolidated Balance Sheets (An

Consolidated Balance Sheets (Annual) - USD ($)	Apr. 30, 2021	Apr. 30, 2020
Assets:
Cash and cash equivalents	$ 2,473,959	$ 11,206
Accounts receivable net	1,356,932
Prepaid expenses	653,861	465,555
Total current assets	4,484,752	476,761
Deposits	6,300	6,300
Deferred tax assets		180,000
Purchased technology	14,803,954	143,455
Investment in affiliate	122,914
Equity securities at fair value	6,298,008	1,406,982
Total assets	25,715,928	2,213,498
Current liabilities:
Trade	308,506	278,752
Related party	3,843,686	16,680
Accrued expenses	306,308	149,835
Stock subscription payable	1,199,996
Deferred revenue	622	656
Interest payable	116,483	31,235
Deferred tax liability	433,000
Related party debt	22,860	15,000
Secured note payable	1,000,000	1,000,000
Current portion of SBA loans	1,885,800
Loan payable - bank	34,324	34,324
Demand notes payable		7,860
Total current liabilities	9,151,585	1,534,342
Long-term liabilities:
Long-term SBA loans, less current portion	2,385,800
Total Liabilities	11,537,385	1,534,342
Commitments and contingencies
Stockholders' equity:
Common stock, $.001 par value; 900,000,000 shares authorized, 2,178,766 and 417,059 shares issued and outstanding	2,178	417
Capital in excess of par value	15,168,987	3,141,021
Accumulated deficit	(992,622)	(2,462,282)
Total stockholders' equity	14,178,543	679,156
Total liabilities and stockholders' equity	$ 25,715,928	$ 2,213,498

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Annual) (Parenthetical) - $ / shares	Oct. 31, 2021	Apr. 30, 2021	Apr. 30, 2020
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001	$ 0.001
Common stock, authorized	900,000,000	900,000,000	900,000,000
Common stock, issued	2,719,310	2,178,766	417,059
Common stock, outstanding	2,719,310	2,178,766	417,059

Consolidated Statements of Oper

Consolidated Statements of Operations (Annual) - USD ($)	12 Months Ended
Consolidated Statements of Operations (Annual) - USD ($)	Apr. 30, 2021	Apr. 30, 2020
Income Statement [Abstract]
Revenues	$ 4,721,003	$ 1,753,558
Costs of services	759,158	11,105
Gross profit	3,961,845	1,742,453
Costs and expenses:
Stock-based compensation	680,611	356,252
Consulting expense	6,580	102,600
Marketing	44,929	12,863
Rent	49,196	50,769
Payroll and payroll related expenses	3,117,075
General and administrative closts	464,955	72,747
Total costs and expenses	4,363,346	595,231
Operating income (loss)	(401,501)	1,147,222
Other income (expense):
Interest expense	(87,333)	(18,879)
Realized loss on sale of investments		(527,540)
Unrealized gain on equity securities	2,571,494	(185,952)
Other income		10,000
Total other income (expense)	2,484,161	(722,371)
Net income before taxes	2,082,660	424,851
Net income tax (expense) benefit
Income taxes	(613,000)	(129,000)
Change in deferred tax assets		309,000
Net income	$ 1,469,660	$ 604,851
Basic earnings per share	$ 1.18	$ 1.50
Diluted earnings per share	$ 0.89	$ 1.50
Basic	1,250,002	402,284
Diluted	1,647,295	402,284

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Annual) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Apr. 30, 2019	$ 378	$ 2,201,497	$ (3,067,133)	$ (865,258)
Beginning balance (in shares) at Apr. 30, 2019	377,685
Q4 stock-based compensation	$ 1	19,687		19,688
Q1 stock-based compensation (in shares)	1,406
Net income, April 30, 2021			24,475	24,475
Ending balance, value at Jul. 31, 2019	$ 379	2,221,184	(3,042,658)	(821,095)
Ending balance at Jul. 31, 2019	379,091
Q4 stock-based compensation	$ 38	917,305		917,343
Q1 stock-based compensation (in shares)	37,656
Net income, April 30, 2021			542,451	542,451
Ending balance, value at Oct. 31, 2019	$ 417	3,138,489	(2,500,207)	638,699
Ending balance at Oct. 31, 2019	416,747
Q4 stock-based compensation		1,500		1,500
Q1 stock-based compensation (in shares)	156
Net income, April 30, 2021			595,174	595,174
Ending balance, value at Jan. 31, 2020	$ 417	3,139,989	(1,905,033)	1,235,373
Ending balance at Jan. 31, 2020	416,903
Q4 stock-based compensation		1,032		1,032
Q1 stock-based compensation (in shares)	156
Net income, April 30, 2021			(557,249)	(557,249)
Ending balance, value at Apr. 30, 2020	$ 417	3,141,021	(2,462,282)	679,156
Ending balance at Apr. 30, 2020	417,059
Q4 stock-based compensation		1,406		1,406
Q1 stock-based compensation (in shares)	156
Net income, April 30, 2021			30,871	30,871
Ending balance, value at Jul. 31, 2020	$ 417	3,142,427	(2,431,411)	711,433
Ending balance at Jul. 31, 2020	417,215
Q4 stock-based compensation	$ 2	18,555		18,557
Q1 stock-based compensation (in shares)	2,240
Net income, April 30, 2021			30,022	30,022
Ending balance, value at Oct. 31, 2020	$ 419	3,160,982	(2,401,389)	760,012
Ending balance at Oct. 31, 2020	419,455
Q4 stock-based compensation	$ 1	6,239		6,240
Q1 stock-based compensation (in shares)	937
Net income, April 30, 2021			42,642	42,642
Shares issued to acquire funding portal	$ 1,666	11,329,582		11,331,248
Shares issued to acquire funding portal, shares	1,666,360
Return of shares of common stock	$ (5)	5
Return of shares of common stock, shares	(5,000)
Ending balance, value at Jan. 31, 2021	$ 2,081	14,496,808	(2,358,747)	12,140,142
Ending balance at Jan. 31, 2021	2,081,752
Q4 stock-based compensation	$ 96	657,180		657,276
Q1 stock-based compensation (in shares)	95,937
Net income, April 30, 2021			1,366,125	1,366,125
Shares issued for debt settlement	$ 1	14,999		15,000
Shares issued for debt settlement, shares	1,077
Ending balance, value at Apr. 30, 2021	$ 2,178	15,168,987	(992,622)	14,178,543
Ending balance at Apr. 30, 2021	2,178,766
Net income, April 30, 2021			1,457,410	1,457,410
Shares issued to acquire funding portal	$ 362	3,523,100		3,523,462
Shares issued to acquire funding portal, shares	361,736
Ending balance, value at Jul. 31, 2021	$ 2,718	20,298,360	464,788	20,765,866
Ending balance at Jul. 31, 2021	2,718,373
Net income, April 30, 2021			(274,156)	(274,156)
Ending balance, value at Oct. 31, 2021	$ 2,719	$ 20,308,432	$ 190,632	$ 20,501,783
Ending balance at Oct. 31, 2021	2,719,310

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Annual) - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows (Annual) - USD ($)	Apr. 30, 2021	Apr. 30, 2020
OPERATING ACTIVITIES
Net income	$ 1,469,660	$ 604,851
Adjustment to reconcile net income (loss) to net cash used in operating activities:
Stock-based compensation	680,611	356,252
Non-cash revenue from the receipt of equity	(2,319,532)	(1,538,980)
Provision for bad debts	60,325
Impairment of assets		185,952
Unrealized gain on equity securities	(2,571,494)	527,540
Changes in deferred taxes	613,000	(180,000)
Changes in non-cash working capital balances:
Accounts receivable	(1,417,257)	6,000
Contract receivable		15,000
Prepaid expenses	(35,913)
Accounts payable and accrued expenses	172,204	18,680
Deferred revenue	(34)	(15,055)
Accrued interest payable	85,248
Related party payable	12,314	16,156
Net cash used in operating activities	(3,250,868)	(3,604)
INVESTING ACTIVITIES
Proceeds from purchase of funding portal subsidiary	364,939
Investment in affiliate	(122,914)
Net cash provided by investing activities	242,025
FINANCING ACTIVITIES
Proceeds from SBA loans	4,271,600
Proceeds from stock subscriptions	1,199,996
Payment on related party note		(4,300)
Cash flow provided by (used in) financing activities	5,471,596	(4,300)
Net increase (decrease) in cash	2,462,753	(7,904)
Cash and cash equivalents, beginning of the period	11,206	19,110
Cash and cash equivalents, end of the period	2,473,959	11,206
Supplemental disclosure of cash flow information:
Cash paid for taxes	4,988
Cash paid for interest	2,067	2,723
Supplemental Non-Cash Investing and Financing Information:
Common stock issued as prepaid compensation	646,500
Common stock issued to purchase subsidiary	$ 11,331,248

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) (Quarterly) - USD ($)	Oct. 31, 2021	Apr. 30, 2021
Assets:
Cash and cash equivalents	$ 940,966	$ 2,473,959
Accounts receivable net	2,149,674	1,356,932
Receivable from bank	212,252
Prepaid expenses	177,940	653,861
Total current assets	3,480,832	4,484,752
Deposits	6,300	6,300
Notes receivable - related parties	130,000
Purchased technology	14,803,954	14,803,954
Investment in affiliate	240,080	122,914
Equity securities at fair value	9,623,753	6,298,008
Total assets	28,284,919	25,715,928
Current liabilities:
Trade	357,623	308,506
Related party	320,224	3,843,686
Accrued expenses	316,285	306,308
Stock subscription payable	219,900	1,199,996
Deferred revenue	670	622
Interest payable	185,650	116,483
Deferred tax liability, net	1,054,000	433,000
Related party debt	22,860	22,860
Secured note payable	1,000,000	1,000,000
Current portion of SBA loans	2,518,965	1,885,800
Loan payable - bank	34,324	34,324
Demand notes payable
Total current liabilities	6,030,501	9,151,585
Long-term liabilities:
Long-term SBA loans, less current portion	1,752,635	2,385,800
Total Liabilities	7,783,136	11,537,385
Commitments and contingencies
Stockholders’ equity:
Common stock, $.001 par value; 900,000,000 shares authorized, 2,719,310 and 2,178,766 shares issued and outstanding	2,719	2,178
Capital in excess of par value	20,308,432	15,168,987
Retained earnings (deficit)	190,632	(992,622)
Total stockholders' equity	20,501,783	14,178,543
Total liabilities and stockholders' equity	$ 28,284,919	$ 25,715,928

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Quarterly) (Parenthetical) - $ / shares	Oct. 31, 2021	Apr. 30, 2021	Apr. 30, 2020
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001	$ 0.001
Common stock, Authorized	900,000,000	900,000,000	900,000,000
Common Stock, Issued	2,719,310	2,178,766	417,059
Common Stock, Outstanding	2,719,310	2,178,766	417,059

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) (Quarterly) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Income Statement [Abstract]
Revenues	$ 1,199,822	$ 731,164	$ 1,825,009	$ 2,493,486
Costs of services	17,775	283,205	46,080	714,224
Gross profit	1,182,047	447,959	1,778,929	1,779,262
Costs and expenses:
Consulting expense	183,030	3,094	365,635	5,085
Marketing	22,000	4,681	43,826	8,782
Rent	10,481	12,719	22,611	26,798
Payroll and payroll related expenses	730,296	338,744	1,791,655	1,556,242
General and administrative costs	561,370	34,361	956,422	75,500
Total costs and expenses	1,507,177	393,599	3,180,149	1,672,407
Operating income (loss)	(325,130)	54,360	(1,401,220)	106,855
Other income (expense):
Interest expense	(35,026)	(13,281)	(70,271)	(23,564)
Unrealized gain on equity securities			3,275,745
Total other income (expense)	(35,026)	(13,281)	3,205,474	(23,564)
Net income before taxes	(360,156)	41,079	1,804,254	83,291
Income tax provision (benefit)	(86,000)	11,057	621,000	22,398
Net income	$ (274,156)	$ 30,022	$ 1,183,254	$ 60,893
Basic earnings per share	$ (0.10)	$ 0.07	$ 0.48	$ 0.15
Diluted earnings per share	$ (0.10)	$ 0.07	$ 0.47	$ 0.15
Weighted average number of common shares outstanding:
Basic	2,718,383	415,815	2,462,251	415,726
Diluted	2,718,383	415,815	2,497,808	415,726

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Quarterly) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Apr. 30, 2019	$ 378	$ 2,201,497	$ (3,067,133)	$ (865,258)
Beginning balance (in shares) at Apr. 30, 2019	377,685
Q2 stock-based compensation	$ 1	19,687		19,688
Stock-based compensation, shares	1,406
Net loss, October 31, 2021			24,475	24,475
Ending balance, value at Jul. 31, 2019	$ 379	2,221,184	(3,042,658)	(821,095)
Ending balance at Jul. 31, 2019	379,091
Q2 stock-based compensation	$ 38	917,305		917,343
Stock-based compensation, shares	37,656
Net loss, October 31, 2021			542,451	542,451
Ending balance, value at Oct. 31, 2019	$ 417	3,138,489	(2,500,207)	638,699
Ending balance at Oct. 31, 2019	416,747
Q2 stock-based compensation		1,500		1,500
Stock-based compensation, shares	156
Net loss, October 31, 2021			595,174	595,174
Ending balance, value at Jan. 31, 2020	$ 417	3,139,989	(1,905,033)	1,235,373
Ending balance at Jan. 31, 2020	416,903
Q2 stock-based compensation		1,032		1,032
Stock-based compensation, shares	156
Net loss, October 31, 2021			(557,249)	(557,249)
Ending balance, value at Apr. 30, 2020	$ 417	3,141,021	(2,462,282)	679,156
Ending balance at Apr. 30, 2020	417,059
Q2 stock-based compensation		1,406		1,406
Stock-based compensation, shares	156
Net loss, October 31, 2021			30,871	30,871
Ending balance, value at Jul. 31, 2020	$ 417	3,142,427	(2,431,411)	711,433
Ending balance at Jul. 31, 2020	417,215
Q2 stock-based compensation	$ 2	18,555		18,557
Stock-based compensation, shares	2,240
Net loss, October 31, 2021			30,022	30,022
Ending balance, value at Oct. 31, 2020	$ 419	3,160,982	(2,401,389)	760,012
Ending balance at Oct. 31, 2020	419,455
Shares issued to acquire funding portal	$ 1,666	11,329,582		11,331,248
Shares issued to acquire funding portal, shares	1,666,360
Return of shares of common stock	$ (5)	5
Return of shares of common stock, shares	(5,000)
Q2 stock-based compensation	$ 1	6,239		6,240
Stock-based compensation, shares	937
Net loss, October 31, 2021			42,642	42,642
Ending balance, value at Jan. 31, 2021	$ 2,081	14,496,808	(2,358,747)	12,140,142
Ending balance at Jan. 31, 2021	2,081,752
Q2 stock-based compensation	$ 96	657,180		657,276
Stock-based compensation, shares	95,937
Shares issued for debt settlement	$ 1	14,999		15,000
Shares issued for debt settlement, shares	1,077
Net loss, October 31, 2021			1,366,125	1,366,125
Ending balance, value at Apr. 30, 2021	$ 2,178	15,168,987	(992,622)	14,178,543
Ending balance at Apr. 30, 2021	2,178,766
Shares issued to acquire funding portal	$ 362	3,523,100		3,523,462
Shares issued to acquire funding portal, shares	361,736
Q2 stock-based compensation	$ 2	14,054		14,056
Stock-based compensation, shares	937
Sale of common stock	$ 176	1,592,219		1,592,395
Sale of common stock, shares	176,934
Net loss, October 31, 2021			1,457,410	1,457,410
Ending balance, value at Jul. 31, 2021	$ 2,718	20,298,360	464,788	20,765,866
Ending balance at Jul. 31, 2021	2,718,373
Q2 stock-based compensation	$ 1	10,072		10,073
Stock-based compensation, shares	937
Net loss, October 31, 2021			(274,156)	(274,156)
Ending balance, value at Oct. 31, 2021	$ 2,719	$ 20,308,432	$ 190,632	$ 20,501,783
Ending balance at Oct. 31, 2021	2,719,310

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) (Quarterly) - USD ($)	6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
OPERATING ACTIVITIES
Net income	$ 1,183,254	$ 60,893
Adjustment to reconcile net income to net cash used in operating activities:
Stock-based compensation	483,067	259,909
Non-cash revenue from the receipt of equity	(50,000)	(2,314,532)
Unrealized gain on equity securities	(3,275,745)
Changes in deferred taxes	621,000	22,398
Changes in non-cash working capital balances:
Accounts receivable	(792,742)	(40,671)
Receivable from bank	(212,252)
Prepaid expenses	16,983	(5,166)
Accounts payable and accrued expenses	59,094	30,515
Deferred revenue	48	4,851
Accrued interest payable	69,167	40,791
Net cash used in operating activities	(1,898,126)	(1,941,012)
INVESTING ACTIVITIES
Loans to affiliates	(130,000)
Investment in affiliate	(117,166)
Net cash provided by investing activities	(247,166)
FINANCING ACTIVITIES
Proceeds from SBA loans		2,385,800
Proceeds from stock subscriptions	612,299
Cash flow provided by (used in) financing activities	612,299	2,385,800
Net increase (decrease) in cash	(1,532,993)	444,788
Cash and cash equivalents, beginning of the period	2,473,959	11,206
Cash and cash equivalents, end of the period	940,966	455,994
Supplemental disclosure of cash flow information:
Cash paid for taxes
Cash paid for interest	1,110	1,113
Supplemental Non-Cash Financing Information:
Common stock issued to reduce related party payable	$ 3,523,462

Description of Business and Sum

Description of Business and Summary of Accounting Principles	6 Months Ended	12 Months Ended
	Oct. 31, 2021	Apr. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Summary of Accounting Principles	Note 1– Basis of Presentation The accompanying unaudited condensed financial statements of Netcapital Inc. (the “Company”) have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the six- and three-month periods ended October 31, 2021, are not necessarily indicative of the results that may be expected for the fiscal year ended April 30, 2022. For further information, refer to the audited financial statements and footnotes thereto in our Annual Report on Form 10-K for the year ended April 30, 2021. In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments-Credit Losses In December 2019, the FASB issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes Management does not believe that any other recently issued, but not yet effective, accounting standards could have a material effect on the accompanying financial statements. As new accounting pronouncements are issued, we will adopt those that are applicable under the circumstances.	1. Description of Business and Summary of Accounting Principles Description of Business and Concentrations Netcapital Inc. (“Netcapital,” “we,” “our,” or the “Company”) is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies with disruptive technologies. The Netcapital funding portal is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association. The consolidated financial statements are presented in United States dollars and have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company’s fiscal year end is April 30. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries after elimination of significant intercompany balances and transactions. The wholly owned subsidiaries are Netcapital Funding Portal Inc., an equity-based funding portal registered with the SEC, Netcapital Advisors Inc., which provides marketing and strategic advice to select companies, and AthenaSoft Corp., which has been inactive for the past two years. Income Taxes The Company accounts for income taxes under the asset and liability method in accordance with ASC 740. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income and the reversal of deferred tax liabilities during the period in which related temporary differences become deductible. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon settlement with the tax authorities. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest related to unrecognized tax benefits in interest expense and penalties in income tax expense. The Company has determined that it had no significant uncertain tax positions requiring recognition or disclosure. Revenue Recognition under ASC 606 The Company recognizes service revenue from its consulting contracts, funding portal and game website using the five-step model as prescribed by ASC 606: • Identification of the contract, or contracts, with a customer; • Identification of the performance obligations in the contract; • Determination of the transaction price; • Allocation of the transaction price to the performance obligations in the contract; and • Recognition of revenue when or as, the Company satisfies a performance obligation. The Company identifies performance obligations in contracts with customers, which primarily are professional services, listing fees on our funding portal, and a portal fee of 4.9% of the money raised on the funding portal. The transaction price is determined based on the amount the Company expects to be entitled to receive in exchange for transferring the promised services to the customer. The transaction price in the contract is allocated to each distinct performance obligation in an amount that represents the relative amount of consideration expected to be received in exchange for satisfying each performance obligation. Revenue is recognized when performance obligations are satisfied. The Company usually bills its customers before it provides any services and begins performing services after the first payment is received. Contracts are typically one year or less. For larger contracts, in addition to the initial payment, the Company may allow for progress payments throughout the term of the contract. Judgments and Estimates The estimation of variable consideration for each performance obligation requires the Company to make subjective judgments. The Company enters into contracts with customers that regularly include promises to transfer multiple services, such as digital marketing, web-based videos, offering statements, and professional services. For arrangements with multiple services, the Company evaluates whether the individual services qualify as distinct performance obligations. In its assessment of whether a service is a distinct performance obligation, the Company determines whether the customer can benefit from the service on its own or with other readily available resources, and whether the service is separately identifiable from other services in the contract. This evaluation requires the Company to assess the nature of each individual service offering and how the services are provided in the context of the contract, including whether the services are significantly integrated, highly interrelated, or significantly modify each other, which may require judgment based on the facts and circumstances of the contract. When agreements involve multiple distinct performance obligations, the Company allocates arrangement consideration to all performance obligations at the inception of an arrangement based on the relative standalone selling prices (SSP) of each performance obligation. Where the Company has standalone sales data for its performance obligations which are indicative of the price at which the Company sells a promised service separately to a customer, such data is used to establish SSP. In instances where standalone sales data is not available for a particular performance obligation, the Company estimates SSP by the use of observable market and cost-based inputs. The Company continues to review the factors used to establish list price and will adjust standalone selling price methodologies as necessary on a prospective basis. Service Revenue Service revenue from subscriptions to the Company's game website is recognized over time on a ratable basis over the contractual subscription term beginning on the date that the platform is made available to the customer. Payments received in advance of subscription services being rendered are recorded as a deferred revenue. Professional services revenue is recognized over time as the services are rendered. When a contract with a customer is signed, the Company assesses whether collection of the fees under the arrangement is probable. The Company estimates the amount to reserve for uncollectible amounts based on the aging of the contract balance, current and historical customer trends, and communications with its customers. These reserves are recorded as operating expenses against the contract asset (Accounts Receivable). Contract Assets Contract assets are recorded for those parts of the contract consideration not yet invoiced but for which the performance obligations are completed. The revenue is recognized when the customer receives services. Contract assets are included in other current assets in the consolidated balance sheets and will be recognized during the succeeding twelve-month period. Deferred Revenue Deferred revenues represent billings or payments received in advance of revenue recognition and is recognized upon transfer of control. Balances consist primarily of annual plan subscription services and professional services not yet provided as of the balance sheet date. Deferred revenues that will be recognized during the succeeding twelve-month period are recorded as current deferred revenues in the consolidated balance sheets, with the remainder recorded as other non-current liabilities in the consolidated balance sheets. Costs to Obtain a Customer Contract Sales commissions and related expenses are considered incremental and recoverable costs of acquiring customer contracts. These costs are capitalized as other current or non-current assets and amortized on a straight-line basis over the life of the contract, which approximates the benefit period. The benefit period was estimated by taking into consideration the length of customer contracts, technology lifecycle, and other factors. All sales commissions are recorded as consulting fees within the Company's consolidated statement of operations. Remaining Performance Obligations The Company's subscription terms are typically less than one year. All of the Company’s revenues in the years ended April 30, 2021 and 2020, which amounted to $ 4,721,003 and $ 1,753,558 , respectively, are considered contract revenues. Contract revenue as of April 30, 2021 and 2020, which has not yet been recognized, amounted to $ 622 and $ 656 , respectively, and is recorded on the balance sheet as deferred revenue. The Company expects to recognize revenue on all of its remaining performance obligations over the next 12 months. Costs of Services Costs of services consist of direct costs that we pay to third parties in order to provide the services that generate revenue. Earnings Per Share Earnings per share is computed by dividing net income by the weighted-average number of shares outstanding. The Company has no stock options, warrants or convertible debt, but has a contingent consideration liability that requires it to issue up to 397,293 shares of common stock, and is dilutive. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. The Company did not have any cash equivalents during fiscal 2021 and 2020. The Company uses three financial institutions for its cash balances and has maintained cash balances that exceed federally insured limits. Accounts Receivable The Company extends credit to its customers in the normal course of business and performs ongoing credit evaluations of its customers, maintaining an allowance for potential credit losses. Accounts receivable is reported net of the allowance for doubtful accounts. The allowance is based on management’s estimate of the amount of receivables that will be collected. The Company recorded an allowance for doubtful accounts of $60,325 and $0 as of April 30, 2021 and 2020, respectively. Stock-Based Compensation The Company accounts for employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation – Stock Compensation which requires all share-based payments to employees, including the vesting of restricted stock grants to employees, to be recognized in the financial statements based on their fair values. The fair value of the equity instrument is charged directly to compensation expense and credited to common stock and capital in excess of par value during the period during which services are rendered. The Company follows ASC Topic 505-50, formerly EITF 96-18, “Accounting for Equity Instruments that are Issued to Other than Employees for Acquiring, or in Conjunction with Selling Goods and Services,” for common stock issued to consultants and other non-employees. These shares of common stock are issued as compensation for services provided to the Company and are accounted for based upon the fair market value of the common stock. The fair value of the equity instrument is charged directly to compensation expense, or to prepaid expenses in instances where stock was issued under a contractual arrangement to a consultant who agreed to provide services over a period of time. Advertising Expenses Advertising and marketing expenses are recorded separately in the Statements of Operations and are expensed as incurred. Equity Securities All investments in equity securities are initially measured at cost. Cost is based upon either the cost of the investment, the fair value of the services provided or the estimated market value of the investment at the time it was acquired, whichever can be more clearly determined. If the Company identifies an observable price change in an orderly transaction for an identical or similar investment of the same issuer, the Company measures the equity security at fair value as of the date that the observable transaction occurred. Use of Estimates In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. The most significant estimate relates to investments, the allowance for doubtful accounts and the income tax valuation allowance. On a continual basis, management reviews its estimates, utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates. Determination of Fair Value Cash and cash equivalents, accounts receivable, and accounts payable In general, carrying amounts approximate fair value because of the short maturity of these instruments. Deferred Revenue Deferred Revenue represents revenues collected but not earned as of the year end. The Company renders services, or rights to use its software, over a specific time period and revenues are recognized as earned as time passes. Debt At April 30, 2021 and 2020, the Company’s secured and unsecured debt was carried at its face value plus accrued interest. The Company has no instruments with significant off balance sheet risk. Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments-Credit Losses In June 2018, the FASB issued ASU 2018-07, Improvement to Nonemployee Share-based Payment Accounting, which simplifies the accounting for share-based payments. The company elected early adoption of this ASU, using the modified retrospective approach, so that all stock compensation to employees and nonemployees is treated under the same guidance as in ASC 718. In December 2019, the FASB issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes Management does not believe that any other recently issued, but not yet effective, accounting standards could have a material effect on the accompanying financial statements. As new accounting pronouncements are issued, we will adopt those that are applicable under the circumstances.

Concentrations

Concentrations	6 Months Ended	12 Months Ended
Concentrations	Oct. 31, 2021	Apr. 30, 2021
Risks and Uncertainties [Abstract]
Concentrations	Note 2 – Concentrations For the six- and three-month periods ended October 31, 2021, the Company had one customer that constituted 28 42 22 33 56 48 26 27	2. Concentrations For the year ended April 30, 2021, the Company had one customer that constituted 30 % of its revenues, a second customer that constituted 15 % of its revenues, a third customer that constituted 14 % of its revenues and a fourth customer that accounted for 11 % of its revenues. For the year ended April 30, 2020, the Company had one customer that constituted 47 % of its revenues, a second customer that constituted 31 % of its revenues and a third customer that accounted for 13 % of its revenues.

Debt

Debt	12 Months Ended
Debt	Apr. 30, 2021
Debt Disclosure [Abstract]
Debt	3. Debt The following table summarizes components debt as of April 30, 2021 and 2020: Schedule of Debt 2021 2020 Interest Rate Secured lender $ 1,000,000 $ 1,000,000 8.00 % Notes payable – related parties 22,860 15,000 0.0 % Demand notes payable — 7,860 0.0 % U.S. SBA loan 1,885,800 — 1.0 % U.S. SBA loan 500,000 — 3.75 % U.S. SBA loan 1,885,800 — 1.0 % Loan payable – bank 34,324 34,324 5.5 % Total debt 5,328,784 1,057,184 Less: current portion of long-term debt 2,942,984 1,057,184 Total long-term debt $ 2,385,800 $ — As of April 30, 2021 and 2020, the Company owed its principal lender (“Lender”) $ 1,000,000 under a loan and security agreement (“Loan”) dated April 28, 2011, that was amended on July 26, 2014 and again on October 31, 2017, October 31, 2020, January 31, 2021 and April 30, 2021. The Lender was the largest shareholder of the Company owning 32.6% of the shares issued and outstanding as of April 30, 2020. However, with the purchase of Netcapital Funding Portal Inc., the Lender owns less than 10% of the Company and is no longer considered a related party. The Loan was amended on October 31, 2020 to change the maturity date to January 31, 2021, and increase the interest rate from 1.25% to 8% per annum. The Loan has been further amended to change the maturity date to April 30, 2023. In connection with the financing, the Company has agreed to certain restrictive covenants, including, among others, that the Company may not convey, sell, lease, transfer or otherwise dispose of any part of its business or property, except as permitted in the agreement, dissolve, liquidate or merge with any other party unless, in the case of a merger, the Company is the surviving entity, incur any indebtedness except as defined in the agreement, create or allow a lien on any of its assets or collateral that has been pledged to the Lender, make any loans to any person, except for prepaid items or deposits incurred in the ordinary course of business, or make any material capital expenditures. To secure the payment of all obligations to the Lender, the Company granted to the Lender a continuing security interest and first lien on all of the assets of the Company. As of April 30, 2021 and 2020, the Company’s related-party unsecured notes payable totaled $22,860 and $15,000 , respectively. Demand notes payable totaled $ 0 and $ 7,860 as of April 30, 2021 and 2020. The demand notes totaling $ 7,860 were determined to be related party notes as of the date of the acquisition of Netcapital Funding Portal Inc. (“Funding Portal”) because the notes are from a board member of the Funding Portal and the former parent of the Funding Portal, which is now the Company’s largest shareholder, owning 1,671,360 shares of common stock of the Company, or 76.7% as of April 30, 2021. The Company also owes $34,324 as of April 30, 2021 and 2020 to Chase Bank. For the loan from Chase Bank, the Company pays interest only on a monthly basis, which is calculated at a rate of 5.5% per annum. On May 6, 2020, the Company borrowed $1,885,800 (the “May Loan”), on June 17, 2020 the Company borrowed $500,000 (the “June Loan”), and on February 2, 2021, the Company borrowed $1,885,800 (the “February Loan”) from an SBA loan program. The May loan bears interest at a rate of 1% per annum and the SBA has postponed any installment payments until September 6, 2021. The Company is applying for forgiveness of the May Loan and believes it will be forgiven in its entirety. The June Loan requires installment payments of $2,437 monthly, beginning on June 17, 2021, over a term of thirty years. However, the SBA has postponed the first installment payment for 12 months. Interest accrues at a rate of 3.75% per annum. The Company agreed to grant a continuing security interest in its assets to secure payment and performance of all debts, liabilities, and obligations to the SBA. The June Loan was personally guaranteed by the Company’s Chief Financial Officer. The February loan bears interest at a rate of 1% per annum and the due date of the first payment is May 22, 2022. The Company plans to apply for forgiveness of the February Loan and believes will be forgiven in its entirety. In fiscal 2020, the Company received a $10,000 advance from the U.S. Small Business Administration (“SBA”) in conjunction with an Economic Injury Disaster Loan application. Based upon SBA information regarding the advance payments that were made to U.S. businesses, the Company considers the $10,000 received as a grant and recorded the $10,000 as other income. As of April 30, 2021 future payments under debt obligations over each of the next five years and thereafter were as follows: Schedule of future payments under short-and long-term debt agreements Twelve months ended April 30: 2022 $ 2,942,984 2023 1,895,950 2024 11,478 2025 11,916 2026 12,370 Thereafter 454,086 Minimum future payments of principal $ 5,328,800

Fair Value Measurements

Fair Value Measurements	6 Months Ended	12 Months Ended
Fair Value Measurements	Oct. 31, 2021	Apr. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 9 – Fair Value The Fair Value Measurements Topic of the FASB Accounting Standards Codification establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: ● Level 1: inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the company has the ability to access at the measurement date. ● Level 2: inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. ● Level 3: inputs are unobservable inputs for the asset or liability. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, we base fair value on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is our policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy. Fair value measurements for assets and liabilities where there exists limited or no observable market data and, therefore, are based primarily upon management’s own estimates, are often calculated based on current pricing policy, the economic and competitive environment, the characteristics of the asset or liability and other such factors. Therefore, the results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset or liability. Additionally, there may be inherent weaknesses in any calculation technique, and changes in the underlying assumptions used.	4. Fair Value Measurements The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures of financial instruments on a recurring basis. Fair Value Hierarchy The Fair Value Measurements Topic of the FASB Accounting Standards Codification establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. Financial assets measured at fair value on a recurring basis are summarized below as of April 30, 2021 and 2020: Schedule of Financial assets measured at fair value on a recurring basis Level 1 Level 2 Level 3 Total April 30, 2021 Equity securities at fair value $ — $ 6,298,008 $ — $ 6,298,008 April 30, 2020 Equity securities at fair value $ — $ 1,406,982 $ — $ 1,406,982 Determination of Fair Value Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the Company bases its fair value on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is the Company’s policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy. Fair value measurements for assets and liabilities where there exists limited or no observable market data and, therefore, are based primarily upon management’s own estimates, are often calculated based on current pricing policy, the economic and competitive environment, the characteristics of the asset or liability and other such factors. Therefore, the results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset or liability. Additionally, there may be inherent weaknesses in any calculation technique, and changes in the underlying assumptions used, including discount rates and estimates of future cash flows, that could significantly affect the results of current or future value. See Note 1 for a description of valuation methodologies used for assets and liabilities recorded at fair value and for estimating fair value where it is practicable to do so for financial instruments not recorded at fair value (disclosures required by the Fair Value Measurements Topic of the FASB Accounting Standards Codification).

Income Taxes

Income Taxes	6 Months Ended	12 Months Ended
Income Taxes	Oct. 31, 2021	Apr. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Note 6 – Income Taxes As of October 31, 2021 and April 30, 2021, the Company had net operating loss carryforwards for Federal income tax purposes of approximately $2,010,000 and $890,000, respectively, expiring in the years of 2022 through 2041. For the six- and three-month periods ended October 31, 2021, the Company recorded income tax expense of $621,000 and a tax benefit of $86,000, respectively. For the six- and three- month periods ended October 31, 2020, the Company recorded income tax expense of $22,398 and $11,057, respectively. As of October 31, 2021 and April 30, 2021, the Company had net deferred tax assets calculated at an expected federal rate of 21%, and a state rate of 8%, when applicable, or approximately $642,000 and $313,000, respectively. As a result of unrealized book gains on equity securities, the Company also has a deferred tax liability of $1,696,000 and $746,000 as of October 31, 2021 and April 30, 2021, respectively. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities as of October 31, 2021 and April 30, 2021 were as follows: Schedule of income taxes October 31, 2021 April 30, 2021 Deferred tax assets, net: Net operating loss carryforwards $ 422,000 $ 141,000 Bad debt allowance 27,000 17,000 Stock-based compensation 193,000 155,000 Deferred tax assets 642,000 313,000 Deferred tax liability Unrealized gain 1,696,000 746,000 Net deferred tax liability $ (1,054,000 ) $ (433,000 )	5. Income Taxes The Tax Cuts and Jobs Act ("Tax Act") was enacted on December 22, 2017. Among numerous provisions, the Tax Act reduced the U.S. federal corporate tax rate from 35% to 21%, requires companies to pay a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred, and creates new taxes on certain foreign sourced earnings. As a result of the Tax Act, the Company re-measured certain deferred tax assets and liabilities based on the rates at which they are expected to reverse in the future, which is generally 21%. As of April 30, 2021, the Company had net operating loss carryforwards for Federal income tax purposes of approximately $ 890,000 expiring in the years of 2022 through 2035 . Utilization of the net operating losses may be subject to annual limitations provided by Section 382 of the Internal Revenue Code and similar state provisions. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities as of April 30, 2021 and 2020 were as follows: Schedule of Income Taxes 2021 2020 Deferred tax assets, net: Net operating loss carryforwards $ 141,000 $ 140,000 Bad debt expense 17,000 — Stock-based compensation 155,000 — Asset impairment loss — 40,000 Deferred tax assets 313,000 180,000 Deferred tax liability Unrealized gain 746,000 — Total deferred tax liability 746,000 — Total net deferred tax assets (liabilities) $ (433,000 ) $ 180,000 The valuation allowance is $ 0 as of April 30, 2021 and April 30, 2020. . Company management believes that historical, current and expected earnings are sufficient to meet the more likely than not standard to enable the Company to utilize the deferred tax asset. The Company did not have any material unrecognized tax benefits as of April 30, 2021 and 2020. The Company does not expect the unrecognized tax benefits to significantly increase or decrease within the next twelve months. The Company recorded no interest and penalties relating to unrecognized tax benefits as of and during the years ended April 30, 2021 and 2020. The Company is subject to U.S. federal income tax, as well as taxes by various state jurisdictions. The Company is currently open to audit under the statute of limitations by the federal and state jurisdictions for the years ending April 30, 2019 through 2021.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Apr. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	6. Commitments and Contingencies Litigation The Company is subject to legal proceedings and claims that arise in the ordinary course of its business. In the opinion of management, the amount of ultimate liability, if any, is not likely to have a material effect on the financial condition, results of operations or liquidity of the Company. However, as the outcome of litigation or legal claims is difficult to predict, significant changes in the estimated exposures could occur. There are no known legal complaints or claims against the Company. The Company utilizes office space in Boston, Massachusetts, at a cost of approximately $3,600 per month, one-year membership agreement that ends on March 31, 2022. The membership agreement includes a deposit of $6,300 . A novel strain of coronavirus, or COVID-19, has spread throughout the world and has been declared to be a pandemic by the World Health Organization. As of the date this report was issued, our operations have not been significantly impacted by the COVID-19 outbreak. The number of people establishing accounts on our website Netcapital.com has more than doubled during the pandemic. Most of our employees work remotely from a home office to access our technology, which runs 24 hours a day on the internet. However, we cannot at this time predict the specific extent, duration, or full impact that the COVID-19 outbreak will have on our financial condition, operations, and business plans for fiscal year 2022. Our operations have adapted social distancing practices, and the next expected milestones of our product may be impacted, and we may experience delays in anticipated timelines and milestones.

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended	12 Months Ended
Stockholders’ Equity	Oct. 31, 2021	Apr. 30, 2021
Equity [Abstract]
Stockholders’ Equity	Note 8 – Stockholders’ Equity The Company is authorized to issue 900,000,000 shares of its common stock, par value $0.001. 2,719,310 and 2,178,766 shares were outstanding as of October 31, 2021 and April 30, 2021, respectively. In August 2020, the board of directors authorized a reverse split of the common stock on a 1-for-2,000 basis, whereby the Company issued to each of its stockholders one share of Common Stock for every 2,000 shares of common stock held by such stockholder. The reverse split was effective on November 5, 2020. The financial statements for the six- and three-month periods ended October 31, 2020 have been adjusted to give effect to the reverse split. On July 26, 2021, the Company issued 361,736 shares of its common stock as payment of $3,523,462 of supplemental consideration that was owed to its affiliate, Netcapital Systems LLC. The 361,736 shares of common stock include an aggregate of 35,609 shares of common stock, that paid off liabilities totaling $346,821, that were made to our Chief Executive Officer, a company controlled by a member of the board of managers of Netcapital Systems LLC and to an individual manager. On July 27, 2021, the Company completed an offering for gross proceeds of $1,592,395 in conjunction with the sale of restricted shares of common stock at a price of $9.00 per share. A total of 176,934 shares of common stock were issued. Effective October 31, 2021 and July 31, 2021, the Company issued an aggregate of 937 shares of restricted stock to two employees. The shares were valued at $10,073 and $14,056, respectively.	7. Stockholders’ Equity The Company is authorized to issue 900,000,000 shares of its common stock, par value $0.001. 2,178,766 and 417,059 shares were outstanding as of April 30, 2021 and 2020, respectively. In August 2020, the board of directors authorized a reverse split of the common stock on a 1-for-2,000 basis, whereby the Company issued to each of its stockholders one share of Common Stock for every 2,000 shares of common stock held by such stockholder. The reverse split was effective on November 5, 2020. The financial statements for the year ended April 30, 2020 have been adjusted to give effect to the reverse split. As of April 30, 2020, the balance sheet accounts for capital in excess of par value and for common stock were increased and decreased by $830,852, respectively. In fiscal 2021, 99,270 shares of common stock were issued for stock-based compensation, 1,666,360 shares of common stock were issued to purchase Netcapital Funding Portal Inc., and 5,000 shares of common stock were returned to the Company in exchange for a 20% ownership of AthenaSoft Corp. that was acquired by the Company during fiscal 2018. The book value of the AthenaSoft Corp. shares surrendered by the Company was zero dollars, as the Company had recognized an impairment loss in a prior year. The Company also issued 1,077 shares of common stock, valued at $15,000, to pay a $15,000 liability. In fiscal 2020, 39,375 shares of common stock were issued for stock-based compensation. For the years ended April 30, 2021 and 2020, the Company recorded $ 680,611 and $ 356,252 , respectively, in stock-based compensation expense. As of April 30, 2021 and 2020, there was $ 631,878 and $ 609,010 of prepaid stock-based compensation expense. The table below presents the components of stock-based compensation expense for the years ended April 30, 2021 and 2020. Schedule of stock-based compensation expense Description April 30, 2021 April 30, 2020 Chief Executive Officer $ 161,107 $ 112,035 Chief Financial Officer 161,107 112,035 Chief Marketing Officer 31,693 7,061 Related party consultant 76,882 49,711 Marketing consultant 5,286 — Marketing consultant 119,059 — Marketing consultant 20,000 — Marketing consultant 28,595 — Business consultant 76,882 49,711 Total $ 680,611 $ 356,252 The table below presents the shares issued as compensation for the years ended April 30, 2021 and 2020: Year Ended Year Ended Description April 30, 2021 April 30, 2020 Chief Executive Officer — 13,125 Chief Financial Officer — 13,125 Chief Marketing Officer 3,646 625 Related party consultant — 6,250 Business consultant — 6,250 Marketing consultant 625 — Marketing consultant 20,000 — Marketing consultant 75,000 — Total 99,270 39,375 The table below presents the prepaid stock-based compensation expense as of April 30, 2021 and 2020: Year Ended Year Ended Description April 30, 2021 April 30, 2020 Chief Executive Officer $ 40,608 $ 201,715 Chief Financial Officer 40,608 201,715 Related party consultant 25,908 102,790 Business consultant 25,908 102,790 Marketing consultant 380,441 — Marketing consultant 118,405 — Total $ 631,878 $ 609,010

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended	12 Months Ended
Earnings Per Common Share	Oct. 31, 2021	Apr. 30, 2021
Earnings Per Share [Abstract]
Earnings Per Common Share	Note 4 – Earnings Per Common Share Net income (loss) per common and diluted shares were calculated as follows for the six- and three-month periods ended October 31, 2021 and 2020: Schedule of earnings per share Six Months Six Months Three Months Three Months Net income (loss) attributable to common stockholders – basic $ 1,183,254 $ 60,893 $ (274,156 ) $ 30,022 Adjustments to net loss — — — — Net income (loss) attributable to common stockholders – diluted $ 1,183,254 $ 60,893 $ (274,156 ) $ 30,022 Weighted average common shares outstanding - basic 2,462,251 415,726 2,718,383 415,815 Effect of dilutive securities 35,557 — — — Weighted average common shares outstanding – diluted 2,497,808 415,726 2,718,383 415,815 Earnings (loss) per common share - basic $ 0.48 $ 0.15 $ (0.10 ) $ 0.07 Earnings (loss) per common share - diluted $ 0.47 $ 0.15 $ (0.10 ) $ 0.07 35,557 shares that are issuable to satisfy a supplemental consideration liability were included for the calculation of earnings per share for the six months ended October 31, 2021 because their effect is dilutive. 35,557 shares that are issuable to satisfy a supplemental consideration liability were excluded for the calculation of loss per share for the three months ended October 31, 2021 because their effect is antidilutive. No dilutive securities existed for the six- and three-month periods ended October 31, 2020.	8. Earnings Per Common Share Earnings per common share data was computed as follows: Schedule of earnings per share 2021 2020 Net income (loss) $ 1,469,660 $ 604,851 Weighted average common shares outstanding 1,250,002 402,284 Effect of dilutive securities 397,293 — Weighted average dilutive common shares outstanding 1,647,295 402,284 Earnings per common share – basic $ 1.18 $ 1.50 Earnings per common share – diluted $ 0.89 $ 1.50 397,293 shares that are issuable to satisfy a supplemental consideration liability were included for the calculation of earnings per share for the year ended April 30, 2021 because their effect is dilutive. No dilutive securities existed as of April 30, 2020.

Related Party Transactions

Related Party Transactions	6 Months Ended	12 Months Ended
Related Party Transactions	Oct. 31, 2021	Apr. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Note 7 – Related Party Transactions The Company’s majority shareholder, Netcapital Systems LLC, owns 1,671,360 shares of common stock, or 61.5% of the Company as of October 31, 2021. The Company has a demand note payable to Netcapital Systems LLC of $4,660 and a demand note payable to one of its managers of $3,200. In addition, as of April 30, 2021, the Company accrued a payable of $3,817,516 for supplemental consideration owed in conjunction with its purchase of Netcapital Funding Portal Inc., which was reduced to $294,054 as of October 31, 2021, because of the issuance to 361,736 shares of common stock, valued at $3,523,462. In total, the Company owed its largest shareholder $298,714 and $3,822,116 as of October 31, 2021 and April 30, 2021, respectively. The company paid its majority shareholder $157,429 and $107,429 in the six- and three-month periods ended October 31, 2021, respectively, for use of the software that runs the website www.netcapital.com. Compensation to officers in the six- and three-month periods ended October 31, 2021 consisted of common stock valued at $101,327 and $8,396, respectively, and cash salary of $144,000 and $72,000, respectively. Compensation to officers in the six- and three-month periods ended October 31, 2020 consisted of common stock valued at $164,885 and $82,263 respectively, and cash wages of $138,462 and $72,000, respectively. Compensation to a related party consultant in the six- and three-month periods ended October 31, 2021 consisted of common stock valued at $25,908 and $6,530 respectively, and cash wages of $30,000 and $15,000, respectively. Compensation to a related party consultant in the six- and three-month periods ended October 31, 2020 consisted of common stock valued at $38,757 and $19,379 respectively, and cash wages of $46,154 and $24,000, respectively. This consultant is also the controlling shareholder of Zelgor Inc. and $1,400,000 and $350,000 of the Company’s revenues in the six- and three-month periods ended October 31, 2020 were from Zelgor Inc. Compensation to managers of Netcapital Systems LLC in the six and three-month periods ended October 31, 2021 consisted of common stock valued at $19,378 and $0, respectively, and cash wages of $72,000 and $24,000, respectively. Compensation to managers of Netcapital Systems LLC in the six and three-month periods ended October 31, 2020 consisted of common stock valued at $38,757 and $19,379, respectively, and cash wages of $93,308 and $48,000, respectively. The Company owes a director $16,680 as of October 31, 2021 and April 30, 2021, which is recorded as accounts payable, plus $15,000 in a non-interest-bearing note payable.	9. Related Party Transactions The Company’s majority shareholder, Netcapital Systems LLC, owns 1,671,360 shares of common stock, or 76.7% of the Company as of April 30, 2021. The Company has a demand note payable to Netcapital Systems LLC of $4,600 and a demand note payable to one of its managers of $3,200. In addition, the Company has accrued a payable of $3,817,516 for supplemental consideration owed in conjunction with its purchase of Netcapital Funding Portal Inc. See Note 12 for details of an issuance of common stock to pay off $3,461,462 of this liability. In total the Company owed its largest shareholder $3,822,116 as of April 30, 2021. The company paid its majority shareholder $100,000 in fiscal 2021 for use of the software that runs the website www.netcapital.com. Compensation to officers in the years ended April 30, 2021 and 2020 consisted of common stock valued at $353,907 and $ 231,131 , respectively, and cash compensation of $332,724 and $72,000 , respectively. Compensation to a related party consultant in the years ended April 30, 2021 and 2020 consisted of common stock valued at $76,882 and $49,711 , respectively, and cash compensation of $81,431 and $26,200 , respectively. This consultant is also the controlling shareholder of Zelgor Inc. and the Company earned revenues from Zelgor Inc. of $1,400,000 in the year ended April 30, 2021. Compensation to two board members of Netcapital Systems LLC amounted to $162,123 and $0 in the years ended April 30, 2021 and 2020, respectively. One of these board members also received stock-based compensation of $76,882 and $ 49,711 for the years ended April 30, 2021 and 2020, respectively. We owe Steven Geary, a director, $31,680 as of April 30, 2021 and 2020. This obligation is not interest bearing. $ 16,680 is recorded as a related party trade accounts payable and $15,000 as a related party note payable. We have no signed agreements for the indebtedness to Mr. Geary. The Company made an investment of $122,914 in an affiliate, 6A Aviation Alaska Consortium, Inc., in conjunction with a land lease in an airport in Alaska. Our Chief Executive Officer is also the Chief Executive Officer of 6A Aviation Alaska Consortium, Inc. As a result of the investment, the Company is a 10% owner of 6A Aviation Consortium Inc. As of April 30, 2021 and 2020, we owed $9,490 and $0 to a company controlled by one of our directors. We paid cash compensation of $29,738 and $0 to this director for the years ended April 30, 2021 and 2020, respectively. On April 30, 2020, we sold 722 membership interest units (the "Units") of Netcapital Systems LLC ("Netcapital") to the company controlled by this related party at a price of $91.15 per Unit for a total of $65,823, which paid off all debt and accrued interest payable to the related party as of that date. The price per Unit was similar to an offer to purchase Units directly from Netcapital. The carrying amount of the 722 Units was $659,186, and the sale resulted in a realized loss of $593,363. Based upon the price of $91.15 per Unit, for the year ended April 30, 2020, the Company recorded an impairment loss of $185,952, which is not tax deductible, on the remaining Units in its possession.

Investments

Investments	6 Months Ended	12 Months Ended
Investments	Oct. 31, 2021	Apr. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]
Investments		10. Investments In May 2020, the Company entered a consulting contract with Watch Party LLC (“WP”), which allowed the Company to receive up to 110,000 membership interest units of WP in return for consulting services. The WP units are valued at $2.14 per unit based on a sales price of $2.14 per unit on an online funding portal, resulting in revenues of $235,400 for the year ended April 30, 2021. In May 2020, the Company entered a consulting contract with ChipBrain LLC (“ChipBrain”), which allowed the Company to receive up to 710,200 membership interest units of ChipBrain in return for consulting services. The ChipBrain units are valued at $0.93 per unit based on a sales price of $0.93 per unit on an online funding portal, resulting in revenues of $ 660,486 for the year ended April 30, 2021. ChipBrain subsequently sold identical ChipBrain units for $2.40 per unit on an online funding portal. In May 2020, the Company entered a consulting contract with a related party, Zelgor Inc. (“Zelgor”), which allowed the Company to receive up to 1,400,000 shares of common stock of Zelgor in return for consulting services. The Company earned 1,050,000 shares in the quarter ended July 31, 2020 and 350,000 shares in the quarter ending October 31, 2020. The Zelgor shares are valued at $1.00 per share based on a sales price of $1.00 per share on an online funding portal, resulting in revenues of $1,400,000 for the year ended April 30, 2021. The $1.00 per share valuation was derived based on a combination of multiple transactions on a secondary trading platform in which shares were purchased at $1.00 per share, and two private offerings of shares, one at a selling price of $0.50 per share and the other at $2.00 per share. On January 2, 2020, the Company entered a consulting contract with Deuce Drone LLC (“Drone”), which allowed the Company to receive up to 2,350,000 membership interest units of Drone in return for consulting services. The Company earned all 2,350,000 membership interest units in fiscal 2020. The Drone units are valued at $0.35 per unit based on a sales price of $0.35 per unit when the units were earned, or $822,500. Drone subsequently sold identical Drone units for $1.00 per unit on an online funding portal. In August 2019, the Company entered a consulting contract with KingsCrowd LLC (“KingsCrowd”), which allowed the Company to receive 300,000 membership interest units of KingsCrowd in return for consulting services. The KingsCrowd units were valued at $1.80 per unit based on a sales price of $1.80 per unit when the units were earned, or $540,000. In December 2020, KingsCrowd converted from a limited liability company to a corporation to facilitate raising capital under Regulation A. KingsCrowd filed a Form 1-A Offering Statement under the Securities Act of 1933. In connection with the conversion to a corporation, each membership interest unit converted into 12.71915 shares of common stock. As of April 30, 2021, the Company owns 3,815,745 shares of KingsCrowd Inc. The selling price of the stock is set at $1.00 per share in the preliminary offering circular. During fiscal 2019, the Company entered a consulting contract with Netcapital Systems LLC (“Netcapital”), which allowed the Company to receive up to 1,000 membership interest units of Netcapital in return for consulting services. The Company earned 40 units in the quarter ended July 31, 2020, at a value of $91.15 per unit, or $3,646. The Company earned all 1,000 Netcapital units but sold a portion of the units in fiscal 2020 at a sales price of $91.15 per unit. As of April 30, 2021, the Company owns 528 Netcapital units, at a value of $48,128. On July 20, 2020 the Company entered a consulting agreement with Vymedic, Inc. for a $40,000 fee over a 5-month period. Half the fee is payable in stock and half is payable in cash. As of April 30, 2021, the Company earned $20,000 worth of stock. The following table summarizes the components of equity securities as of April 30, 2021 and 2020: Schedule of investments April 30, 2021 April 30, 2020 Netcapital Systems LLC $ 48,128 $ 44,482 Watch Party LLC 235,400 — Zelgor Inc. 1,400,000 — ChipBrain LLC 1,704,480 — Vymedic, Inc. 20,000 — Deuce Drone LLC 2,350,000 822,500 KingsCrowd LLC 540,000 540,000 Total Investments at cost $ 6,298,008 $ 1,406,982 The above investments in equity securities are within the scope of ASC 321. The Company monitors the investments for any changes in observable prices from orderly transactions. All investments are initially measured at cost and evaluated for impairment. Impairment expense of $0 and $185,952 was recognized in the years ended April 30, 2021 and 2020, respectively. The Company identified that two securities, ChipBrain LLC and Deuce Drone LLC, that had an observable price change. The result of these price changes was an increase in the fair value of the equity securities totaling $2,571,494 in the fiscal year ended April 30, 2021, which was recorded in the income statement as an unrealized gain on equity securities.
Investments	Note 13 – Investments In May 2020, the Company entered a consulting contract with Watch Party LLC (“WP”), which allowed the Company to receive up to 110,000 membership interest units of WP in return for consulting services. The Company earned 97,500 membership interest units in the quarter ended July 31, 2020. The WP units are valued at $2.14 per unit based on a sales price of $2.14 per unit on an online funding portal, resulting in revenues of $235,400 and $208,650 for the six- and three-month periods ended October 31, 2020. As of October 31, 2021 and April 30, 2021, the Company owns 110,000 WP units, which are valued at $235,400. In May 2020, the Company entered a consulting contract with ChipBrain LLC (“Chip”), which allowed the Company to receive up to 710,200 membership interest units of Chip in return for consulting services. The Company earned 500,000 membership interest units in the quarter ended July 31, 2020 and earned the remaining units in the quarter ending October 31, 2020. The Chip units were initially valued at $0.93 per unit based on a sales price of $0.93 per unit on an online funding portal, resulting in revenues of $465,000 and $0 for the six and three-month periods ended October 31, 2020. Subsequently, ChipBrain sold identical units for $2.40 per unit, and as of October 31, 2021 and April 30, 2021, the units owned by the Company are valued at $1,704,480. In May 2020, the Company entered a consulting contract with Zelgor Inc. (“Zelgor”), which allowed the Company to receive up to 1,400,000 shares of common stock of Zelgor in return for consulting services. The Company earned 1,050,000 shares in the quarter ended July 31, 2020 and earned the remaining shares in the quarter ending October 31, 2020. The Zelgor shares are valued at $1.00 per share based on a sales price of $1.00 per share on an online funding portal, resulting in revenues of $1,400,000 and $350,000 for the six- and three-month periods ended October 31, 2020. The $1.00 per share valuation continues to be the observable price at which the shares trade and the Zelgor shares are valued at $1,400,000 as of October 31, 2021 and April 30, 2021. On January 2, 2020, the Company entered a consulting contract with Deuce Drone LLC (“Drone”), which allowed the Company to receive up to 2,350,000 membership interest units of Drone in return for consulting services. The Company earned all 2,350,000 membership interest units in fiscal 2020. The Drone units were initially valued at $0.35 per unit based on a sales price of $0.35 per unit when the units were earned, or $822,500. Drone subsequently sold identical Drone units for $1.00 per unit on an online funding portal and as of October 31, 2021 and April 30, 2021, the units owned by the Company are valued at $2,350,000. In August 2019, the Company entered a consulting contract with KingsCrowd LLC (“KingsCrowd”), which allowed the Company to receive 300,000 membership interest units of KingsCrowd in return for consulting services. The KingsCrowd units were initially valued at $1.80 per unit based on a sales price of $1.80 per unit when the units were earned, or $540,000. In December 2020, KingsCrowd converted from a limited liability company to a corporation to facilitate raising capital under Regulation A. KingsCrowd filed a Form 1-A Offering Statement under the Securities Act of 1933. In connection with the conversion to a corporation, each membership interest unit converted into 12.71915 shares of common stock. As of October 31, 2021 and April 30, 2021, the Company owns 3,815,745 shares of KingsCrowd Inc. In July 2021, KingsCrowd subsequently sold identical shares of common stock for $1.00 per share, and as of October 31, 2021 and April 30, 2021, the units owned by the Company are valued at $3,815,745 and $540,000, respectively. During fiscal 2019, the Company entered a consulting contract with NetCapital Systems LLC (“NetCapital”), which allowed the Company to receive up to 1,000 membership interest units of NetCapital in return for consulting services. The Company earned 40 units in the quarter ended July 31, 2020, at a value of $91.15 per unit, or $3,646. The Company earned all 1,000 Netcapital units but sold a portion of the units in fiscal 2020 at a sales price of $91.15 per unit. As of October 31, 2021 and April 30, 2021, the Company owns 528 Netcapital units, at a value of $48,128. In July 2020 the Company entered a consulting agreement with Vymedic, Inc. for a $40,000 fee over a 5-month period. Half the fee is payable in stock and half is payable in cash. As of April 30, 2021, the Company earned $20,000 worth of stock. As of October 31, 2021 and April 30, 2021, the Company owns 4,000 units, at a value of $20,000. In August 2020 the Company entered a consulting agreement with C-Reveal Therapeutics LLC (“CRT”). for a $120,000 fee over a 12-month period. $50,000 of the fee is payable in CRT units. The Company earned the units in fiscal 2021 and received them in the first quarter of fiscal 2022. As of October 31, 2021 the Company owns 5,000 units, at a value of $50,000. The following table summarizes the components of investments as of October 31, 2021 and April 30, 2021: Schedule of investments Oct. 31, 2021 April 30, 2021 Netcapital Systems LLC $ 48,128 $ 48,128 Watch Party LLC 235,400 235,400 Zelgor Inc. 1,400,000 1,400,000 ChipBrain LLC 1,704,480 1,704,480 Vymedic Inc. 20,000 20,000 C-Reveal 50,000 — Deuce Drone LLC 2,350,000 2,350,000 Kingscrowd Inc. 3,815,745 540,000 Total Investments at cost $ 9,623,753 $ 6,298,008 The above investments in equity securities are within the scope of ASC 321. The Company monitors the investments for any changes in observable prices from orderly transactions. All investments are initially measured at cost and evaluated for changes in estimated fair value. During the six months ended October 31, 2021, the Company identified that one security, Kingscrowd Inc., had an observable price change. The result of the price change was an increase in the fair value of the equity securities totaling $3,275,745 in the six months ended October 31, 2021, which was recorded in the income statement as an unrealized gain on equity securities.

Business Acquisition

Business Acquisition	6 Months Ended	12 Months Ended
Business Acquisition	Oct. 31, 2021	Apr. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Business Acquisition		11. Business Acquisition On August 23, 2020, the Company entered into an Agreement and Plan of Merger (“Agreement”) whereby Netcapital Systems LLC (“Systems”) would become an 80% owner of the Company. Pursuant to the requirements of this agreement, the Company filed a definitive information statement on September 21, 2020 to change the Company’s c orporate name from ValueSetters, Inc. to Netcapital Inc and to a The Agreement is a tax-free merger of Netcapital Funding Portal Inc. (“FP”), a wholly owned subsidiary of Systems, with Netcapital Acquisition Vehicle Inc., an indirect wholly owned subsidiary of the Company, wherein FP was the surviving corporation. This transaction is designed to enhance the Company’s revenues and ability to provide services to democratize the private capital markets while helping companies at all stages to build, grow and fund their businesses with a full range of services from strategic advice to raising capital. As a result of the transaction, the company is expected to be a leading provider of private capital transactions for entrepreneurs seeking to raise money under the exemption provided by section 4(a)(6) of the Securities Act of 1933, which allows private companies to raise up to $5 million every 12 months. ASC 805-10-25-4 requires the identification of one of the combining entities in each business combination as the acquirer. Upon evaluation of the components of the business combination, including the relative voting rights in the combined entity, the composition of the governing body and senior management of the combined entity, the relative size of each entity and the terms of the exchange of equity interests, the Company recorded the transaction in the third quarter of fiscal 2021 as a purchase. In conjunction with the purchase, Systems agreed to vote all of its shares of common stock to support the resolutions of the existing board of directors of the Company. The following table summarizes the value of the consideration for FP and the amounts of the assets acquired and liabilities assumed in conjunction with the Agreement. Schedule of Merger agreement Consideration: $ 11,331,248 Payment of promissory notes and interest 3,817,516 Total consideration $ 15,148,764 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash $ 358,634 Current assets 8,894 Accounts payable (29,023 ) Platform users 7,080,319 Platform investors 6,288,392 Platform issuers 903,125 Unpatented technology 532,118 Total identifiable net assets $ 15,148,764 The fair value of the common shares issued as the consideration for FP was determined by the most recent (the prior day’s) closing price of the Company’s common shares at the time the shares were issued. The fair value of the assets and the liabilities of FP equaled their book value. Four identifiable intangible assets were valued; platform users, platform investors, platform issuers and unpatented technology (collectively the “Intangible Assets”). The estimated market value of the Intangible Assets is approximately $27,800,000 . This amount is derived from valuing the IP functionality, brand, and license of FP at $1,000,000; valuing current issuers and pipeline issuers at approximately $14,000 each; valuing platform users at $382 each; and valuing investors at $1,025 each. These values are derived from comparing the FP Intangible Assets to the values recorded by funding portal offerings of FP’s competitors in public filings via Regulations CF and Regulation A. The excess of purchase price over the total identifiable tangible net assets of $344,810 , leaves an aggregate value of $14,803,954 to be assigned to the Intangible Assets. The estimated value of the $27,800,000 of Intangible Assets is allocated on a percentage basis in the above table to equal $14,803,954 . None of FP’s revenues and earnings are included in the Company’s consolidated income statements through the day of closing of November 5, 2020. The consolidated income statements for the year ended April 30, 2021 include $834,981 in revenues from FP. If the entities had been combined for the two reporting periods, the supplemental pro forma revenues and earnings are as follows: Schedule of Pro forma revenue and earnings Revenues Earnings Supplemental pro forma for 4/1/20 – 11/04/20 $ 2,866,063 $ 282,264 Supplemental pro forma for 4/1/19 – 11/04/19 $ 1,018,200 $ 680,212 Included in the supplemental pro forma information above is revenue earned by the Company from Netcapital Systems LLC of $ 18,646 and $ 152,864 in the periods ended November 4, 2020 and 2019, respectively.
Business Acquisition	Note 12 – Business Acquisition On August 23, 2020, the Company entered into an Agreement and Plan of Merger (“Agreement”) whereby Netcapital Systems LLC (“Systems”) would become an 80% owner of the Company. Pursuant to the requirements of this agreement, the Company filed a definitive information statement on September 21, 2020 to change the Company’s corporate name from ValueSetters, Inc. to Netcapital Inc. and to amend the Company’s Articles of Incorporation to effect a stock combination, or reverse stock split, pursuant to which 2,000 shares of the Company’s common stock would be exchanged for one new share of common stock. In conjunction with the merger agreement, the Company issued 1,666,360 shares of common stock to Systems on November 5, 2020. The Agreement is a tax-free merger of Netcapital Funding Portal Inc. (“FP”), a wholly owned subsidiary of Systems, with Netcapital Acquisition Vehicle Inc., an indirect wholly owned subsidiary of the Company, wherein FP was the surviving corporation. This transaction is designed to enhance the Company’s revenues and ability to provide services to democratize the private capital markets while helping companies at all stages to build, grow and fund their businesses with a full range of services from strategic advice to raising capital. As a result of the transaction, the company is expected to be a leading provider of private capital transactions for entrepreneurs seeking to raise money under the exemption provided by section 4(a)(6) of the Securities Act of 1933, which allows private companies to raise up to $5 million every 12 months. ASC 805-10-25-4 requires the identification of one of the combining entities in each business combination as the acquirer. Upon evaluation of the components of the business combination, including the relative voting rights in the combined entity, the composition of the governing body and senior management of the combined entity, the relative size of each entity and the terms of the exchange of equity interests, the Company recorded the transaction in the third quarter of fiscal 2021 as a purchase. In conjunction with the purchase, Systems agreed to vote all of its shares of common stock to support the resolutions of the existing board of directors of the Company. The following table summarizes the value of the consideration for FP and the amounts of the assets acquired and liabilities assumed in conjunction with the Agreement. Schedule of merger agreement Consideration: $ 11,331,248 Payment of promissory notes and interest 3,817,516 Total consideration $ 15,148,764 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash $ 358,634 Current assets 8,894 Accounts payable (22,718 ) Platform users 7,080,319 Platform investors 6,288,392 Platform issuers 903,125 Unpatented technology 532,118 Total identifiable net assets $ 15,148,764 The fair value of the common shares issued as the consideration for FP was determined by the most recent (the prior day’s) closing price of the Company’s common shares at the time the shares were issued. The fair value of the assets and the liabilities of FP equaled their book value. Four identifiable intangible assets were valued; platform users, platform investors, platform issuers and unpatented technology (collectively the “Intangible Assets”). The estimated market value of the Intangible Assets is approximately $27,800,000. This amount is derived from valuing the IP functionality, brand, and license of FP at $1,000,000; valuing current issuers and pipeline issuers at approximately $14,000 each; valuing platform users at $382 each; and valuing investors at $1,025 each. These values are derived from comparing the FP Intangible Assets to the values recorded by funding portal offerings of FP’s competitors in public filings via Regulations CF and Regulation A. The excess of purchase price over the total identifiable tangible net assets of $344,810, leaves an aggregate value of $14,803,954 to be assigned to the Intangible Assets. The estimated value of the $27,800,000 of Intangible Assets is allocated on a percentage basis in the above table to equal $14,803,954. None of FP’s revenues and earnings are included in the Company’s consolidated income statements through the day of closing of November 5, 2020. The consolidated income statements for the year ended April 30, 2021 include $834,981 in revenues from FP. If the entities had been combined for the two reporting periods, the supplemental pro forma revenues and earnings are as follows: Schedule of pro forma and earnings Revenues Earnings Supplemental pro forma for 4/1/20 – 11/04/20 $ 2,866,063 $ 282,264 Supplemental pro forma for 4/1/19 – 11/04/19 $ 1,018,200 $ 680,212 Included in the supplemental pro forma information above is revenue earned by the Company from Netcapital Systems LLC of $18,646 and $152,864 in the periods ended November 4, 2020 and 2019, respectively.	Schedule of Merger agreement Consideration: $ 11,331,248 Payment of promissory notes and interest 3,817,516 Total consideration $ 15,148,764 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash $ 358,634 Current assets 8,894 Accounts payable (29,023 ) Platform users 7,080,319 Platform investors 6,288,392 Platform issuers 903,125 Unpatented technology 532,118 Total identifiable net assets $ 15,148,764

Subsequent Events

Subsequent Events	6 Months Ended	12 Months Ended
Subsequent Events	Oct. 31, 2021	Apr. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 14 – Subsequent Events On November 2, 2021, the owners of ValuCorp Inc. (“ValuCorp”), a business valuation firm, formed a new company MSG Development Corp. (“MSG”) and transferred most of the assets of ValuCorp to MSG. The Company entered into an exchange agreement (“Agreement”) whereby the Company received 100% of the outstanding shares of MSG in exchange for 75,000 shares of common stock of the Company. 50,000 shares of the Company’s common stock were issued in December 2021 and four annual installments of 6,250 shares are due over the next four years. MSG’s assets were less than 20% of the value of the Company’s assets and the Company’s investment in MSG is less than 20% of the Company’s market value. Furthermore, the revenue and operating income of MSG’s predecessor, ValuCorp, for the prior two years, is less than 20% of the revenue and operating income of the Company. Upon evaluation of the components of the business combination, including the relative voting rights in the combined entity, the composition of the governing body and senior management of the combined entity, the relative size of each entity and the terms of the exchange of equity interests, the Company recorded the transaction in the third quarter of fiscal 2022 as a purchase. The following table summarizes the value of the consideration for MSG and the amounts of the assets acquired in conjunction with the Agreement. MSG had no liabilities. Schedule of assets acquired Total consideration: 75,000 shares of common stock of the Company $ 750,000 Recognized amounts of identifiable assets acquired: Professional practice goodwill $ 570,000 Technology-related intangibles 37,500 Marketing-related intangibles 15,000 Computer-related intangibles 50,250 Customer-related intangibles 17,250 Contract-related intangibles 30,000 Human capital and artistic-related intangibles 30,000 Total identifiable net assets $ 750,000 The fair value of the common shares issued as the consideration for MSG was determined by the most recent (the prior day’s) closing price of the Company’s common shares at the time the shares were issued. In November 2021, the Company received notice that an SBA loan (see Note 5 the “May Loan”) was forgiven in its entirety. In November 2021, the Company issued 46,300 shares of its common stock as stock-based compensation. In December 2021, the company issued 50,000 shares of its common stock in conjunction with the purchase of a ten percent interest in Caesar Media Group, Inc., a marketing and technology solutions provider. The Company evaluated subsequent events through the date these financial statements were available to be issued. There were no material subsequent events that required recognition or additional disclosure in these financial statements.	12. Subsequent Events The Company evaluated subsequent events through the date these financial statements were available to be issued. On June 2, 2021, the Company loaned $50,000 to a related party. The unpaid principal balance on the note is subject to an interest rate of 5 % per annum and matures on June 2, 2022 . On June 30, 2021, the Company loaned $50,000 to a related party. The unpaid principal balance on the note is subject to an interest rate of 8 % per annum and matures on June 30, 2022 . In July 2021, the Company issued 361,736 shares of its common stock as payment of $3,523,462 of supplemental consideration that was owed to its affiliate, Netcapital Systems Inc. The 361,736 shares of common stock include an aggregate of 32,458 shares of common stock, that paid off liabilities totaling $316,130, that were made to a company controlled by a member of the board of managers of Netcapital Systems LLC and to an individual manager. In July 2021, the Company completed an offering for gross proceeds of $1,592,400 in conjunction with the sale of restricted shares of common stock at a price of $9.00 per share. A total of 176,934 shares of common stock were issued. NETC Condensed Consolidated Balance Sheets Assets: (Unaudited) (Audited) Cash and cash equivalents $ 940,966 $ 2,473,959 Accounts receivable net 2,149,674 1,356,932 Receivable from bank 212,252 — Prepaid expenses 177,940 653,861 Total current assets 3,480,832 4,484,752 Deposits 6,300 6,300 Notes receivable - related parties 130,000 — Purchased technology 14,803,954 14,803,954 Investment in affiliate 240,080 122,914 Equity securities at fair value 9,623,753 6,298,008 Total assets $ 28,284,919 $ 25,715,928 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable Trade $ 357,623 $ 308,506 Related party 320,224 3,843,686 Accrued expenses 316,285 306,308 Stock subscription payable 219,900 1,199,996 Deferred revenue 670 622 Interest payable 185,650 116,483 Deferred tax liability, net 1,054,000 433,000 Related party debt 22,860 22,860 Secured note payable 1,000,000 1,000,000 Current portion of SBA loans 2,518,965 1,885,800 Loan payable - bank 34,324 34,324 Demand notes payable — — Total current liabilities 6,030,501 9,151,585 Long-term liabilities: Long-term SBA loans, less current portion 1,752,635 2,385,800 Total Liabilities 7,783,136 11,537,385 Commitments and contingencies — — Stockholders’ equity: Common stock, $ .001 900,000,000 2,719,310 2,178,766 2,719 2,178 Capital in excess of par value 20,308,432 15,168,987 Retained earnings (deficit) 190,632 (992,622 ) Total stockholders’ equity 20,501,783 14,178,543 Total liabilities and stockholders’ equity $ 28,284,919 $ 25,715,928 See Accompanying Notes to the Consolidated Financial Statements NETCAPITAL INC. Condensed Consolidated Statements of Operations (Unaudited) Six Months Ended Six Months Ended Three Months Ended Three Months Ended Revenues $ 1,825,009 $ 2,493,486 $ 1,199,822 $ 731,164 Costs of services 46,080 714,224 17,775 283,205 Gross profit 1,778,929 1,779,262 1,182,047 447,959 Costs and expenses: Consulting expense 365,635 5,085 183,030 3,094 Marketing 43,826 8,782 22,000 4,681 Rent 22,611 26,798 10,481 12,719 Payroll and payroll related expenses 1,791,655 1,556,242 730,296 338,744 General and administrative costs 956,422 75,500 561,370 34,361 Total costs and expenses 3,180,149 1,672,407 1,507,177 393,599 Operating income (loss) (1,401,220 ) 106,855 (325,130 ) 54,360 Other income (expense): Interest expense (70,271 ) (23,564 ) (35,026 ) (13,281 ) Unrealized gain on equity securities 3,275,745 — — — Total other income (expense) 3,205,474 (23,564 ) (35,026 ) (13,281 ) Net income before taxes 1,804,254 83,291 (360,156 ) 41,079 Income tax provision (benefit) 621,000 22,398 (86,000 ) 11,057 Net income $ 1,183,254 $ 60,893 $ (274,156 ) $ 30,022 Basic earnings per share $ 0.48 $ 0.15 $ (0.10 ) $ 0.07 Diluted earnings per share $ 0.47 $ 0.15 $ (0.10 ) $ 0.07 Weighted average number of common shares outstanding: Basic 2,462,251 415,726 2,718,383 415,815 Diluted 2,497,808 415,726 2,718,383 415,815 See Accompanying Notes to the Consolidated Financial Statements NETCAPITAL INC. Statements of Changes in Stockholders’ Equity (Unaudited) For the Six Months Ended O ctober 31, 2021 and the Years Ended April 30, 2021 and 2020 Common Stock Capital in Excess of Retained Earnings Total Shares Amount Par Value (Deficit) Equity Balance, April 30, 2019 377,685 $ 378 $ 2,201,497 $ (3,067,133 ) $ (865,258 ) Q1 stock-based compensation 1,406 1 19,687 — 19,688 Net income, July 31, 2019 — — — 24,475 24,475 Balance, July 31, 2019 379,091 379 2,221,184 (3,042,658 ) (821,095 ) Q2 stock-based compensation 37,656 38 917,305 — 917,343 Net income, October 31, 2019 — 542,451 542,451 Balance, October 31, 2019 416,747 417 3,138,489 (2,500,207 ) 638,699 Q3 stock-based compensation 156 — 1,500 — 1,500 Net income, January 31, 2020 — — — 595,174 595,174 Balance, January 31, 2020 416,903 417 3,139,989 (1,905,033 ) 1,235,373 Q4 stock-based compensation 156 — 1,032 — 1,032 Net loss, April 30, 2020 — — — (557,249 ) (557,249 ) Balance, April 30, 2020 417,059 417 3,141,021 (2,462,282 ) 679,156 Q1 stock-based compensation 156 — 1,406 — 1,406 Net income, July 31, 2020 — — — 30,871 30,871 Balance, July 31, 2020 417,215 417 3,142,427 (2,431,411 ) 711,433 Q2 stock-based compensation 2,240 2 18,555 — 18,557 Net income, October 31, 2020 — — — 30,022 30,022 Balance, October 31, 2020 419,455 419 3,160,982 (2,401,389 ) 760,012 Shares issued to acquire funding portal 1,666,360 1,666 11,329,582 — 11,331,248 Return of shares of common stock (5,000 ) (5 ) 5 — — Q3 stock-based compensation 937 1 6,239 — 6,240 Net income, January 31, 2021 — — — 42,642 42,642 Balance, January 31, 2021 2,081,752 2,081 14,496,808 (2,358,747 ) 12,140,142 Q4 stock-based compensation 95,937 96 657,180 — 657,276 Shares issued for debt settlement 1,077 1 14,999 — 15,000 Net income, April 30, 2021 1,366,125 1,366,125 Balance, April 30, 2021 2,178,766 2,178 15,168,987 (992,622 ) 14,178,543 Q1 stock-based compensation 937 2 14,054 — 14,056 Sale of common stock 176,934 176 1,592,219 1,592,395 Shares issued to acquire funding portal 361,736 362 3,523,100 3,523,462 Net income, July 31, 2021 — — — 1,457,410 1,457,410 Balance, July 31, 2021 2,718,373 2,718 20,298,360 464,788 20,765,866 Q2 stock-based compensation 937 1 10,072 — 10,073 Net loss, October 31, 2021 (274,156 ) (274,156 ) Balance, October 31, 2021 2,719,310 $ 2,719 $ 20,308,432 $ 190,632 $ 20,501,783 See Accompanying Notes to the Consolidated Financial Statements NETCAPITAL INC. Condensed Consolidated Statements of Cash Flows (Unaudited) Six Months Ended October 31, 2021 Six Months Ended October 31, 2020 OPERATING ACTIVITIES Net income $ 1,183,254 $ 60,893 Adjustment to reconcile net income to net cash used in operating activities: Stock-based compensation 483,067 259,909 Non-cash revenue from the receipt of equity (50,000 ) (2,314,532 ) Unrealized gain on equity securities (3,275,745 ) — Changes in deferred taxes 621,000 22,398 Changes in non-cash working capital balances: Accounts receivable (792,742 ) (40,671 ) Receivable from bank (212,252 ) — Prepaid expenses 16,983 (5,166 ) Accounts payable and accrued expenses 59,094 30,515 Deferred revenue 48 4,851 Accrued interest payable 69,167 40,791 Net cash used in operating activities (1,898,126 ) (1,941,012 ) INVESTING ACTIVITIES Loans to affiliates (130,000 ) — Investment in affiliate (117,166 ) — Net cash used in investing activities (247,166 ) — FINANCING ACTIVITIES Proceeds from SBA loans — 2,385,800 Proceeds from stock subscriptions 612,299 — Net cash provided by financing activities 612,299 2,385,800 Net increase (decrease) in cash (1,532,993 ) 444,788 Cash and cash equivalents, beginning of the period 2,473,959 11,206 Cash and cash equivalents, end of the period $ 940,966 $ 455,994 Supplemental disclosure of cash flow information: Cash paid for taxes $ — $ — Cash paid for interest $ 1,110 $ 1,113 Supplemental Non-Cash Financing Information: Common stock issued to reduce related party payable $ 3,523,462 $ — See Accompanying Notes to the Consolidated Financial Statements NETCAPITAL INC. Notes To Condensed Consolidated Financial Statements (Unaudited)

Basis of Presentation

Basis of Presentation	6 Months Ended	12 Months Ended
Basis of Presentation	Oct. 31, 2021	Apr. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1– Basis of Presentation The accompanying unaudited condensed financial statements of Netcapital Inc. (the “Company”) have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the six- and three-month periods ended October 31, 2021, are not necessarily indicative of the results that may be expected for the fiscal year ended April 30, 2022. For further information, refer to the audited financial statements and footnotes thereto in our Annual Report on Form 10-K for the year ended April 30, 2021. In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments-Credit Losses In December 2019, the FASB issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes Management does not believe that any other recently issued, but not yet effective, accounting standards could have a material effect on the accompanying financial statements. As new accounting pronouncements are issued, we will adopt those that are applicable under the circumstances.	1. Description of Business and Summary of Accounting Principles Description of Business and Concentrations Netcapital Inc. (“Netcapital,” “we,” “our,” or the “Company”) is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies with disruptive technologies. The Netcapital funding portal is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association. The consolidated financial statements are presented in United States dollars and have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company’s fiscal year end is April 30. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries after elimination of significant intercompany balances and transactions. The wholly owned subsidiaries are Netcapital Funding Portal Inc., an equity-based funding portal registered with the SEC, Netcapital Advisors Inc., which provides marketing and strategic advice to select companies, and AthenaSoft Corp., which has been inactive for the past two years. Income Taxes The Company accounts for income taxes under the asset and liability method in accordance with ASC 740. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income and the reversal of deferred tax liabilities during the period in which related temporary differences become deductible. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon settlement with the tax authorities. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest related to unrecognized tax benefits in interest expense and penalties in income tax expense. The Company has determined that it had no significant uncertain tax positions requiring recognition or disclosure. Revenue Recognition under ASC 606 The Company recognizes service revenue from its consulting contracts, funding portal and game website using the five-step model as prescribed by ASC 606: • Identification of the contract, or contracts, with a customer; • Identification of the performance obligations in the contract; • Determination of the transaction price; • Allocation of the transaction price to the performance obligations in the contract; and • Recognition of revenue when or as, the Company satisfies a performance obligation. The Company identifies performance obligations in contracts with customers, which primarily are professional services, listing fees on our funding portal, and a portal fee of 4.9% of the money raised on the funding portal. The transaction price is determined based on the amount the Company expects to be entitled to receive in exchange for transferring the promised services to the customer. The transaction price in the contract is allocated to each distinct performance obligation in an amount that represents the relative amount of consideration expected to be received in exchange for satisfying each performance obligation. Revenue is recognized when performance obligations are satisfied. The Company usually bills its customers before it provides any services and begins performing services after the first payment is received. Contracts are typically one year or less. For larger contracts, in addition to the initial payment, the Company may allow for progress payments throughout the term of the contract. Judgments and Estimates The estimation of variable consideration for each performance obligation requires the Company to make subjective judgments. The Company enters into contracts with customers that regularly include promises to transfer multiple services, such as digital marketing, web-based videos, offering statements, and professional services. For arrangements with multiple services, the Company evaluates whether the individual services qualify as distinct performance obligations. In its assessment of whether a service is a distinct performance obligation, the Company determines whether the customer can benefit from the service on its own or with other readily available resources, and whether the service is separately identifiable from other services in the contract. This evaluation requires the Company to assess the nature of each individual service offering and how the services are provided in the context of the contract, including whether the services are significantly integrated, highly interrelated, or significantly modify each other, which may require judgment based on the facts and circumstances of the contract. When agreements involve multiple distinct performance obligations, the Company allocates arrangement consideration to all performance obligations at the inception of an arrangement based on the relative standalone selling prices (SSP) of each performance obligation. Where the Company has standalone sales data for its performance obligations which are indicative of the price at which the Company sells a promised service separately to a customer, such data is used to establish SSP. In instances where standalone sales data is not available for a particular performance obligation, the Company estimates SSP by the use of observable market and cost-based inputs. The Company continues to review the factors used to establish list price and will adjust standalone selling price methodologies as necessary on a prospective basis. Service Revenue Service revenue from subscriptions to the Company's game website is recognized over time on a ratable basis over the contractual subscription term beginning on the date that the platform is made available to the customer. Payments received in advance of subscription services being rendered are recorded as a deferred revenue. Professional services revenue is recognized over time as the services are rendered. When a contract with a customer is signed, the Company assesses whether collection of the fees under the arrangement is probable. The Company estimates the amount to reserve for uncollectible amounts based on the aging of the contract balance, current and historical customer trends, and communications with its customers. These reserves are recorded as operating expenses against the contract asset (Accounts Receivable). Contract Assets Contract assets are recorded for those parts of the contract consideration not yet invoiced but for which the performance obligations are completed. The revenue is recognized when the customer receives services. Contract assets are included in other current assets in the consolidated balance sheets and will be recognized during the succeeding twelve-month period. Deferred Revenue Deferred revenues represent billings or payments received in advance of revenue recognition and is recognized upon transfer of control. Balances consist primarily of annual plan subscription services and professional services not yet provided as of the balance sheet date. Deferred revenues that will be recognized during the succeeding twelve-month period are recorded as current deferred revenues in the consolidated balance sheets, with the remainder recorded as other non-current liabilities in the consolidated balance sheets. Costs to Obtain a Customer Contract Sales commissions and related expenses are considered incremental and recoverable costs of acquiring customer contracts. These costs are capitalized as other current or non-current assets and amortized on a straight-line basis over the life of the contract, which approximates the benefit period. The benefit period was estimated by taking into consideration the length of customer contracts, technology lifecycle, and other factors. All sales commissions are recorded as consulting fees within the Company's consolidated statement of operations. Remaining Performance Obligations The Company's subscription terms are typically less than one year. All of the Company’s revenues in the years ended April 30, 2021 and 2020, which amounted to $ 4,721,003 and $ 1,753,558 , respectively, are considered contract revenues. Contract revenue as of April 30, 2021 and 2020, which has not yet been recognized, amounted to $ 622 and $ 656 , respectively, and is recorded on the balance sheet as deferred revenue. The Company expects to recognize revenue on all of its remaining performance obligations over the next 12 months. Costs of Services Costs of services consist of direct costs that we pay to third parties in order to provide the services that generate revenue. Earnings Per Share Earnings per share is computed by dividing net income by the weighted-average number of shares outstanding. The Company has no stock options, warrants or convertible debt, but has a contingent consideration liability that requires it to issue up to 397,293 shares of common stock, and is dilutive. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. The Company did not have any cash equivalents during fiscal 2021 and 2020. The Company uses three financial institutions for its cash balances and has maintained cash balances that exceed federally insured limits. Accounts Receivable The Company extends credit to its customers in the normal course of business and performs ongoing credit evaluations of its customers, maintaining an allowance for potential credit losses. Accounts receivable is reported net of the allowance for doubtful accounts. The allowance is based on management’s estimate of the amount of receivables that will be collected. The Company recorded an allowance for doubtful accounts of $60,325 and $0 as of April 30, 2021 and 2020, respectively. Stock-Based Compensation The Company accounts for employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation – Stock Compensation which requires all share-based payments to employees, including the vesting of restricted stock grants to employees, to be recognized in the financial statements based on their fair values. The fair value of the equity instrument is charged directly to compensation expense and credited to common stock and capital in excess of par value during the period during which services are rendered. The Company follows ASC Topic 505-50, formerly EITF 96-18, “Accounting for Equity Instruments that are Issued to Other than Employees for Acquiring, or in Conjunction with Selling Goods and Services,” for common stock issued to consultants and other non-employees. These shares of common stock are issued as compensation for services provided to the Company and are accounted for based upon the fair market value of the common stock. The fair value of the equity instrument is charged directly to compensation expense, or to prepaid expenses in instances where stock was issued under a contractual arrangement to a consultant who agreed to provide services over a period of time. Advertising Expenses Advertising and marketing expenses are recorded separately in the Statements of Operations and are expensed as incurred. Equity Securities All investments in equity securities are initially measured at cost. Cost is based upon either the cost of the investment, the fair value of the services provided or the estimated market value of the investment at the time it was acquired, whichever can be more clearly determined. If the Company identifies an observable price change in an orderly transaction for an identical or similar investment of the same issuer, the Company measures the equity security at fair value as of the date that the observable transaction occurred. Use of Estimates In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. The most significant estimate relates to investments, the allowance for doubtful accounts and the income tax valuation allowance. On a continual basis, management reviews its estimates, utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates. Determination of Fair Value Cash and cash equivalents, accounts receivable, and accounts payable In general, carrying amounts approximate fair value because of the short maturity of these instruments. Deferred Revenue Deferred Revenue represents revenues collected but not earned as of the year end. The Company renders services, or rights to use its software, over a specific time period and revenues are recognized as earned as time passes. Debt At April 30, 2021 and 2020, the Company’s secured and unsecured debt was carried at its face value plus accrued interest. The Company has no instruments with significant off balance sheet risk. Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments-Credit Losses In June 2018, the FASB issued ASU 2018-07, Improvement to Nonemployee Share-based Payment Accounting, which simplifies the accounting for share-based payments. The company elected early adoption of this ASU, using the modified retrospective approach, so that all stock compensation to employees and nonemployees is treated under the same guidance as in ASC 718. In December 2019, the FASB issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes Management does not believe that any other recently issued, but not yet effective, accounting standards could have a material effect on the accompanying financial statements. As new accounting pronouncements are issued, we will adopt those that are applicable under the circumstances.

Revenue Recognition

Revenue Recognition	6 Months Ended
Revenue Recognition	Oct. 31, 2021
Revenue Recognition
Revenue Recognition	Note 3 – Revenue Recognition Revenue Recognition under ASC 606 The Company recognizes service revenue from its consulting contracts and its game website using the five-step model as prescribed by ASC 606: ● Identification of the contract, or contracts, with a customer; ● Identification of the performance obligations in the contract; ● Determination of the transaction price; ● Allocation of the transaction price to the performance obligations in the contract; and ● Recognition of revenue when or as, the Company satisfies a performance obligation. The Company identifies performance obligations in contracts with customers, which primarily are professional services, listing fees on our funding portal, and a success fee of 4.9% of the money raised on the funding portal. The transaction price is determined based on the amount the Company expects to be entitled to receive in exchange for transferring the promised services to the customer. The transaction price in the contract is allocated to each distinct performance obligation in an amount that represents the relative amount of consideration expected to be received in exchange for satisfying each performance obligation. Revenue is recognized when performance obligations are satisfied. The Company usually bills its customers before it provides any services and begins performing services after the first payment is received. Contracts are typically one year or less. For larger contracts, in addition to the initial payment, the Company may allow for progress payments throughout the term of the contract. Judgments and Estimates The estimation of variable consideration for each performance obligation requires the Company to make subjective judgments. The Company enters into contracts with customers that regularly include promises to transfer multiple services, such as digital marketing, web-based videos, offering statements, and professional services. For arrangements with multiple services, the Company evaluates whether the individual services qualify as distinct performance obligations. In its assessment of whether a service is a distinct performance obligation, the Company determines whether the customer can benefit from the service on its own or with other readily available resources, and whether the service is separately identifiable from other services in the contract. This evaluation requires the Company to assess the nature of each individual service offering and how the services are provided in the context of the contract, including whether the services are significantly integrated, highly interrelated, or significantly modify each other, which may require judgment based on the facts and circumstances of the contract. When agreements involve multiple distinct performance obligations, the Company allocates arrangement consideration to all performance obligations at the inception of an arrangement based on the relative standalone selling prices (SSP) of each performance obligation. Where the Company has standalone sales data for its performance obligations which are indicative of the price at which the Company sells a promised service separately to a customer, such data is used to establish SSP. In instances where standalone sales data is not available for a particular performance obligation, the Company estimates SSP by the use of observable market and cost-based inputs. The Company continues to review the factors used to establish list price and will adjust standalone selling price methodologies as necessary on a prospective basis. Service Revenue Service revenue from subscriptions to the Company’s game website is recognized over time on a ratable basis over the contractual subscription term beginning on the date that the platform is made available to the customer. Payments received in advance of subscription services being rendered are recorded as a deferred revenue. Professional services revenue is recognized over time as the services are rendered. When a contract with a customer is signed, the Company assesses whether collection of the fees under the arrangement is probable. The Company estimates the amount to reserve for uncollectible amounts based on the aging of the contract balance, current and historical customer trends, and communications with its customers. These reserves are recorded as operating expenses against the contract asset (Accounts Receivable). Contract Assets Contract assets are recorded for those parts of the contract consideration not yet invoiced but for which the performance obligations are completed. The revenue is recognized when the customer receives services. Contract assets are included in other current assets in the consolidated balance sheets and will be recognized during the succeeding twelve-month period. Deferred Revenue Deferred revenues represent billings or payments received in advance of revenue recognition and are recognized upon transfer of control. Balances consist primarily of annual plan subscription services and professional services not yet provided as of the balance sheet date. Deferred revenues that will be recognized during the succeeding twelve-month period are recorded as current deferred revenues in the consolidated balance sheets, with the remainder recorded as other non-current liabilities in the consolidated balance sheets. Costs to Obtain a Customer Contract Sales commissions and related expenses are considered incremental and recoverable costs of acquiring customer contracts. These costs are capitalized as other current or non-current assets and amortized on a straight-line basis over the life of the contract, which approximates the benefit period. The benefit period was estimated by taking into consideration the length of customer contracts, technology lifecycle, and other factors. All sales commissions are recorded as consulting fees within the Company’s consolidated statement of operations. Remaining Performance Obligations The Company’s subscription terms are typically less than one year. All of the Company’s revenues in the six- and three-month periods ended October 31, 2021, which amounted to $ 1,825,009 1,199,822 2,493,486 731,164 670 622

Principal Financing Arrangement

Principal Financing Arrangements	6 Months Ended
Principal Financing Arrangements	Oct. 31, 2021
Principal Financing Arrangements
Principal Financing Arrangements	Note 5 – Principal Financing Arrangements The following table summarizes components debt as of October 31, 2021 and April 30, 2021: Schedule of debt October 31, April 30, 2021 Interest Rate Secured lender $ 1,000,000 $ 1,000,000 8.0 % Notes payable – related parties 22,860 22,860 0.0 % U.S. SBA loan 1,885,800 1,885,800 1.0 % U.S. SBA loan 500,000 500,000 3.75 % U.S. SBA loan 1,885,800 1,885,800 1.0 % Loan payable – bank 34,324 34,324 5.5 % Total Debt 5,328,784 5,328,784 Less: current portion of long-term debt 3,576,149 2,942,984 Total long-term debt $ 1,752,635 $ 2,385,800 As of October 31, 2021 and April 30, 2021, the Company owed its principal lender (“Lender”) $1,000,000 under a loan and security agreement (“Loan”) dated April 28, 2011, that was amended on July 26, 2014 and again on October 31, 2017, October 31, 2020, January 31, 2021 and April 30, 2021. The Lender was the largest shareholder of the Company owning 32.6% of the shares issued and outstanding until the Company purchased Netcapital Funding Portal Inc. on November 5, 2020. With the purchase of Netcapital Funding Portal Inc., the Lender owns less than 10% of the Company and is no longer considered a related party. The Loan was amended on October 31, 2020 to change the maturity date to January 31, 2021, and increase the interest rate from 1.25% to 8% per annum. The Loan has been further amended to change the maturity date to April 30, 2023. In connection with the financing, the Company has agreed to certain restrictive covenants, including, among others, that the Company may not convey, sell, lease, transfer or otherwise dispose of any part of its business or property, except as permitted in the agreement, dissolve, liquidate or merge with any other party unless, in the case of a merger, the Company is the surviving entity, incur any indebtedness except as defined in the agreement, create or allow a lien on any of its assets or collateral that has been pledged to the Lender, make any loans to any person, except for prepaid items or deposits incurred in the ordinary course of business, or make any material capital expenditures. To secure the payment of all obligations to the Lender, the Company granted to the Lender a continuing security interest and first lien on all of the assets of the Company. As of October 31, 2021 and April 30, 2021, the Company’s related-party unsecured notes payable totaled $22,860. The Company also owes $34,324 as of October 31, 2021 and April 30, 2021 to Chase Bank. The Company pays interest expense to Chase Bank, which is calculated at a rate of 5.5% per annum. On May 6, 2020, the Company borrowed $1,885,800 (the “May Loan”), on June 17, 2020 the Company borrowed $500,000 (the “June Loan”), and on February 2, 2021, the Company borrowed $1,885,800 (the “February Loan”) from an a U.S. Small Business Administration (“SBA”) loan program. The May loan bears interest at a rate of 1% per annum and the SBA postponed any installment payments until September 6, 2021. In September and October of 2021, the SBA debited the Company’s bank account for a total of $212,252 even though the Company had applied for forgiveness of the May Loan. In November 2021 the May Loan was forgiven in its entirety, including accrued interest, and the payments of $212,252, which are reflected on the balance sheet as a receivable from the bank, were returned to the Company. The June Loan required installment payments of $2,594 monthly, beginning on June 17, 2021, over a term of thirty years. However, the SBA has postponed the first installment payment for 12 months. Interest accrues at a rate of 3.75% per annum. The Company agreed to grant a continuing security interest in its assets to secure payment and performance of all debts, liabilities, and obligations to the SBA. The June Loan was personally guaranteed by the Company’s Chief Financial Officer. The February loan bears interest at a rate of 1% per annum and the due date of the first payment is May 22, 2022. The Company has applied for forgiveness of the February Loan and believes it will be forgiven in its entirety.

Fair Value

Fair Value	6 Months Ended	12 Months Ended
Fair Value	Oct. 31, 2021	Apr. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value	Note 9 – Fair Value The Fair Value Measurements Topic of the FASB Accounting Standards Codification establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: ● Level 1: inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the company has the ability to access at the measurement date. ● Level 2: inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. ● Level 3: inputs are unobservable inputs for the asset or liability. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, we base fair value on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is our policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy. Fair value measurements for assets and liabilities where there exists limited or no observable market data and, therefore, are based primarily upon management’s own estimates, are often calculated based on current pricing policy, the economic and competitive environment, the characteristics of the asset or liability and other such factors. Therefore, the results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset or liability. Additionally, there may be inherent weaknesses in any calculation technique, and changes in the underlying assumptions used.	4. Fair Value Measurements The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures of financial instruments on a recurring basis. Fair Value Hierarchy The Fair Value Measurements Topic of the FASB Accounting Standards Codification establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. Financial assets measured at fair value on a recurring basis are summarized below as of April 30, 2021 and 2020: Schedule of Financial assets measured at fair value on a recurring basis Level 1 Level 2 Level 3 Total April 30, 2021 Equity securities at fair value $ — $ 6,298,008 $ — $ 6,298,008 April 30, 2020 Equity securities at fair value $ — $ 1,406,982 $ — $ 1,406,982 Determination of Fair Value Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the Company bases its fair value on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is the Company’s policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy. Fair value measurements for assets and liabilities where there exists limited or no observable market data and, therefore, are based primarily upon management’s own estimates, are often calculated based on current pricing policy, the economic and competitive environment, the characteristics of the asset or liability and other such factors. Therefore, the results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset or liability. Additionally, there may be inherent weaknesses in any calculation technique, and changes in the underlying assumptions used, including discount rates and estimates of future cash flows, that could significantly affect the results of current or future value. See Note 1 for a description of valuation methodologies used for assets and liabilities recorded at fair value and for estimating fair value where it is practicable to do so for financial instruments not recorded at fair value (disclosures required by the Fair Value Measurements Topic of the FASB Accounting Standards Codification).

Stock-Based Compensation Plans

Stock-Based Compensation Plans	6 Months Ended
Stock-Based Compensation Plans	Oct. 31, 2021
Stock-based Compensation Plans
Stock-Based Compensation Plans	Note 10 – Stock-Based Compensation Plans The Company entered into consulting agreements to issue common stock and recorded the applicable non-cash expense in accordance with the authoritative guidance of the Financial Accounting Standards Board. For the six- and three-month periods ended October 31, 2021, the Company recorded $483,067 and $186,087, respectively, in stock-based compensation expense and for the six- and three-month periods ended October 31, 2020, the Company recorded $259,909 and $138,531, respectively, in stock-based compensation expense. As of October 31, 2021 and April 30, 2021, there was $172,939 and $631,878, respectively of prepaid stock-based compensation expense for services. As of October 31, 2021, two consulting agreements are effective, which expire in February 2022. As of October 31, 2021, an aggregate of 7,607 shares of common stock can be earned by the Company’s employees from unvested stock grants. 157 shares vest quarterly over the next two quarters and 781 shares vest quarterly over the next 9.3 quarters. The table below presents the components of stock-based compensation expense for the six- and three-month periods ended October 31, 2021 and 2020. The components of the stock-based compensation expense are presented in the following table: Schedule of stock based compensation expense Stock-based compensation expense Six Months Six Months Three Months Three Months Chief Executive Officer $ 40,608 $ 81,216 $ — $ 40,608 Chief Financial Officer 40,608 81,216 — 40,608 Chief Marketing Officer 20,111 2,453 8,396 1,047 Related party consultant 25,908 38,757 6,530 19,379 VP of Digital Strategy 4,017 17,510 1,677 17,510 Marketing consultant 74,104 — 37,052 — Marketing consultant 251,803 — 125,902 — Business consultant 25,908 38,757 6,530 19,379 Total stock-based compensation expense $ 483,067 $ 259,909 $ 186,087 $ 138,531 The table below presents the prepaid compensation expense as of October 31, 2021 and April 30, 2021: Schedule of prepaid compensation Description Oct. 31, 2021 April 30, 2021 Chief Executive Officer $ — $ 40,608 Chief Financial Officer — 40,608 Related party consultant — 25,908 Business consultant — 25,908 Marketing consultant 128,638 380,441 Marketing consultant 44,301 118,405 Total $ 172,939 $ 631,878 For the six- and three-month periods ended October 31, 2021, $325,907 and 162,954 of stock-based compensation was recorded as consulting expense, respectively, and $157,160 and 23,133 was recorded as payroll and payroll related expenses. For the six- and three-month periods ended October 31, 2020, all of the stock-based compensation was recorded as a component of payroll and payroll related expenses.

Deposits and Commitments

Deposits and Commitments	6 Months Ended
Deposits and Commitments	Oct. 31, 2021
Deposits And Commitments
Deposits and Commitments	Note 11 – Deposits and Commitments The Company utilizes office space in Boston, Massachusetts, under a month-to-month lease agreement that allows to company to end its lease by providing 30-day written notice. The lease agreement includes a deposit of $6,300.

Description of Business and S_2

Description of Business and Summary of Accounting Principles (Policies)	12 Months Ended
	Apr. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries after elimination of significant intercompany balances and transactions. The wholly owned subsidiaries are Netcapital Funding Portal Inc., an equity-based funding portal registered with the SEC, Netcapital Advisors Inc., which provides marketing and strategic advice to select companies, and AthenaSoft Corp., which has been inactive for the past two years.
Income Taxes	Income Taxes The Company accounts for income taxes under the asset and liability method in accordance with ASC 740. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income and the reversal of deferred tax liabilities during the period in which related temporary differences become deductible. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon settlement with the tax authorities. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest related to unrecognized tax benefits in interest expense and penalties in income tax expense. The Company has determined that it had no significant uncertain tax positions requiring recognition or disclosure.
Revenue Recognition under ASC 606	Revenue Recognition under ASC 606 The Company recognizes service revenue from its consulting contracts, funding portal and game website using the five-step model as prescribed by ASC 606: • Identification of the contract, or contracts, with a customer; • Identification of the performance obligations in the contract; • Determination of the transaction price; • Allocation of the transaction price to the performance obligations in the contract; and • Recognition of revenue when or as, the Company satisfies a performance obligation. The Company identifies performance obligations in contracts with customers, which primarily are professional services, listing fees on our funding portal, and a portal fee of 4.9% of the money raised on the funding portal. The transaction price is determined based on the amount the Company expects to be entitled to receive in exchange for transferring the promised services to the customer. The transaction price in the contract is allocated to each distinct performance obligation in an amount that represents the relative amount of consideration expected to be received in exchange for satisfying each performance obligation. Revenue is recognized when performance obligations are satisfied. The Company usually bills its customers before it provides any services and begins performing services after the first payment is received. Contracts are typically one year or less. For larger contracts, in addition to the initial payment, the Company may allow for progress payments throughout the term of the contract.
Judgments and Estimates	Judgments and Estimates The estimation of variable consideration for each performance obligation requires the Company to make subjective judgments. The Company enters into contracts with customers that regularly include promises to transfer multiple services, such as digital marketing, web-based videos, offering statements, and professional services. For arrangements with multiple services, the Company evaluates whether the individual services qualify as distinct performance obligations. In its assessment of whether a service is a distinct performance obligation, the Company determines whether the customer can benefit from the service on its own or with other readily available resources, and whether the service is separately identifiable from other services in the contract. This evaluation requires the Company to assess the nature of each individual service offering and how the services are provided in the context of the contract, including whether the services are significantly integrated, highly interrelated, or significantly modify each other, which may require judgment based on the facts and circumstances of the contract. When agreements involve multiple distinct performance obligations, the Company allocates arrangement consideration to all performance obligations at the inception of an arrangement based on the relative standalone selling prices (SSP) of each performance obligation. Where the Company has standalone sales data for its performance obligations which are indicative of the price at which the Company sells a promised service separately to a customer, such data is used to establish SSP. In instances where standalone sales data is not available for a particular performance obligation, the Company estimates SSP by the use of observable market and cost-based inputs. The Company continues to review the factors used to establish list price and will adjust standalone selling price methodologies as necessary on a prospective basis.
Service Revenue	Service Revenue Service revenue from subscriptions to the Company's game website is recognized over time on a ratable basis over the contractual subscription term beginning on the date that the platform is made available to the customer. Payments received in advance of subscription services being rendered are recorded as a deferred revenue. Professional services revenue is recognized over time as the services are rendered. When a contract with a customer is signed, the Company assesses whether collection of the fees under the arrangement is probable. The Company estimates the amount to reserve for uncollectible amounts based on the aging of the contract balance, current and historical customer trends, and communications with its customers. These reserves are recorded as operating expenses against the contract asset (Accounts Receivable).
Contract Assets	Contract Assets Contract assets are recorded for those parts of the contract consideration not yet invoiced but for which the performance obligations are completed. The revenue is recognized when the customer receives services. Contract assets are included in other current assets in the consolidated balance sheets and will be recognized during the succeeding twelve-month period.
Deferred Revenue	Deferred Revenue Deferred revenues represent billings or payments received in advance of revenue recognition and is recognized upon transfer of control. Balances consist primarily of annual plan subscription services and professional services not yet provided as of the balance sheet date. Deferred revenues that will be recognized during the succeeding twelve-month period are recorded as current deferred revenues in the consolidated balance sheets, with the remainder recorded as other non-current liabilities in the consolidated balance sheets.
Costs to Obtain a Customer Contract	Costs to Obtain a Customer Contract Sales commissions and related expenses are considered incremental and recoverable costs of acquiring customer contracts. These costs are capitalized as other current or non-current assets and amortized on a straight-line basis over the life of the contract, which approximates the benefit period. The benefit period was estimated by taking into consideration the length of customer contracts, technology lifecycle, and other factors. All sales commissions are recorded as consulting fees within the Company's consolidated statement of operations.
Remaining Performance Obligations	Remaining Performance Obligations The Company's subscription terms are typically less than one year. All of the Company’s revenues in the years ended April 30, 2021 and 2020, which amounted to $ 4,721,003 and $ 1,753,558 , respectively, are considered contract revenues. Contract revenue as of April 30, 2021 and 2020, which has not yet been recognized, amounted to $ 622 and $ 656 , respectively, and is recorded on the balance sheet as deferred revenue. The Company expects to recognize revenue on all of its remaining performance obligations over the next 12 months.
Costs of Services	Costs of Services Costs of services consist of direct costs that we pay to third parties in order to provide the services that generate revenue.
Earnings Per Share	Earnings Per Share Earnings per share is computed by dividing net income by the weighted-average number of shares outstanding. The Company has no stock options, warrants or convertible debt, but has a contingent consideration liability that requires it to issue up to 397,293 shares of common stock, and is dilutive.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. The Company did not have any cash equivalents during fiscal 2021 and 2020. The Company uses three financial institutions for its cash balances and has maintained cash balances that exceed federally insured limits.
Accounts Receivable	Accounts Receivable The Company extends credit to its customers in the normal course of business and performs ongoing credit evaluations of its customers, maintaining an allowance for potential credit losses. Accounts receivable is reported net of the allowance for doubtful accounts. The allowance is based on management’s estimate of the amount of receivables that will be collected. The Company recorded an allowance for doubtful accounts of $60,325 and $0 as of April 30, 2021 and 2020, respectively.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation – Stock Compensation which requires all share-based payments to employees, including the vesting of restricted stock grants to employees, to be recognized in the financial statements based on their fair values. The fair value of the equity instrument is charged directly to compensation expense and credited to common stock and capital in excess of par value during the period during which services are rendered. The Company follows ASC Topic 505-50, formerly EITF 96-18, “Accounting for Equity Instruments that are Issued to Other than Employees for Acquiring, or in Conjunction with Selling Goods and Services,” for common stock issued to consultants and other non-employees. These shares of common stock are issued as compensation for services provided to the Company and are accounted for based upon the fair market value of the common stock. The fair value of the equity instrument is charged directly to compensation expense, or to prepaid expenses in instances where stock was issued under a contractual arrangement to a consultant who agreed to provide services over a period of time.
Advertising Expenses	Advertising Expenses Advertising and marketing expenses are recorded separately in the Statements of Operations and are expensed as incurred.
Equity Securities	Equity Securities All investments in equity securities are initially measured at cost. Cost is based upon either the cost of the investment, the fair value of the services provided or the estimated market value of the investment at the time it was acquired, whichever can be more clearly determined. If the Company identifies an observable price change in an orderly transaction for an identical or similar investment of the same issuer, the Company measures the equity security at fair value as of the date that the observable transaction occurred.
Use of Estimates	Use of Estimates In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. The most significant estimate relates to investments, the allowance for doubtful accounts and the income tax valuation allowance. On a continual basis, management reviews its estimates, utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.
Determination of Fair Value	Determination of Fair Value Cash and cash equivalents, accounts receivable, and accounts payable In general, carrying amounts approximate fair value because of the short maturity of these instruments. Deferred Revenue Deferred Revenue represents revenues collected but not earned as of the year end. The Company renders services, or rights to use its software, over a specific time period and revenues are recognized as earned as time passes. Debt At April 30, 2021 and 2020, the Company’s secured and unsecured debt was carried at its face value plus accrued interest. The Company has no instruments with significant off balance sheet risk. Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments-Credit Losses In June 2018, the FASB issued ASU 2018-07, Improvement to Nonemployee Share-based Payment Accounting, which simplifies the accounting for share-based payments. The company elected early adoption of this ASU, using the modified retrospective approach, so that all stock compensation to employees and nonemployees is treated under the same guidance as in ASC 718. In December 2019, the FASB issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes Management does not believe that any other recently issued, but not yet effective, accounting standards could have a material effect on the accompanying financial statements. As new accounting pronouncements are issued, we will adopt those that are applicable under the circumstances.

Debt (Tables)

Debt (Tables)	12 Months Ended
Debt (Tables)	Apr. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt	Schedule of Debt 2021 2020 Interest Rate Secured lender $ 1,000,000 $ 1,000,000 8.00 % Notes payable – related parties 22,860 15,000 0.0 % Demand notes payable — 7,860 0.0 % U.S. SBA loan 1,885,800 — 1.0 % U.S. SBA loan 500,000 — 3.75 % U.S. SBA loan 1,885,800 — 1.0 % Loan payable – bank 34,324 34,324 5.5 % Total debt 5,328,784 1,057,184 Less: current portion of long-term debt 2,942,984 1,057,184 Total long-term debt $ 2,385,800 $ —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
Fair Value Measurements (Tables)	Apr. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Financial assets measured at fair value on a recurring basis	Schedule of Financial assets measured at fair value on a recurring basis Level 1 Level 2 Level 3 Total April 30, 2021 Equity securities at fair value $ — $ 6,298,008 $ — $ 6,298,008 April 30, 2020 Equity securities at fair value $ — $ 1,406,982 $ — $ 1,406,982

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended	12 Months Ended
Income Taxes (Tables)	Oct. 31, 2021	Apr. 30, 2021
Income Tax Disclosure [Abstract]
Schedule of Income Taxes		Schedule of Income Taxes 2021 2020 Deferred tax assets, net: Net operating loss carryforwards $ 141,000 $ 140,000 Bad debt expense 17,000 — Stock-based compensation 155,000 — Asset impairment loss — 40,000 Deferred tax assets 313,000 180,000 Deferred tax liability Unrealized gain 746,000 — Total deferred tax liability 746,000 — Total net deferred tax assets (liabilities) $ (433,000 ) $ 180,000
Schedule of income taxes	Schedule of income taxes October 31, 2021 April 30, 2021 Deferred tax assets, net: Net operating loss carryforwards $ 422,000 $ 141,000 Bad debt allowance 27,000 17,000 Stock-based compensation 193,000 155,000 Deferred tax assets 642,000 313,000 Deferred tax liability Unrealized gain 1,696,000 746,000 Net deferred tax liability $ (1,054,000 ) $ (433,000 )

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	12 Months Ended
Stockholders’ Equity (Tables)	Apr. 30, 2021
Equity [Abstract]
Schedule of stock-based compensation expense	Schedule of stock-based compensation expense Description April 30, 2021 April 30, 2020 Chief Executive Officer $ 161,107 $ 112,035 Chief Financial Officer 161,107 112,035 Chief Marketing Officer 31,693 7,061 Related party consultant 76,882 49,711 Marketing consultant 5,286 — Marketing consultant 119,059 — Marketing consultant 20,000 — Marketing consultant 28,595 — Business consultant 76,882 49,711 Total $ 680,611 $ 356,252 The table below presents the shares issued as compensation for the years ended April 30, 2021 and 2020: Year Ended Year Ended Description April 30, 2021 April 30, 2020 Chief Executive Officer — 13,125 Chief Financial Officer — 13,125 Chief Marketing Officer 3,646 625 Related party consultant — 6,250 Business consultant — 6,250 Marketing consultant 625 — Marketing consultant 20,000 — Marketing consultant 75,000 — Total 99,270 39,375 The table below presents the prepaid stock-based compensation expense as of April 30, 2021 and 2020: Year Ended Year Ended Description April 30, 2021 April 30, 2020 Chief Executive Officer $ 40,608 $ 201,715 Chief Financial Officer 40,608 201,715 Related party consultant 25,908 102,790 Business consultant 25,908 102,790 Marketing consultant 380,441 — Marketing consultant 118,405 — Total $ 631,878 $ 609,010

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended	12 Months Ended
Earnings Per Common Share (Tables)	Oct. 31, 2021	Apr. 30, 2021
Earnings Per Share [Abstract]
Schedule of earnings per share	Schedule of earnings per share Six Months Six Months Three Months Three Months Net income (loss) attributable to common stockholders – basic $ 1,183,254 $ 60,893 $ (274,156 ) $ 30,022 Adjustments to net loss — — — — Net income (loss) attributable to common stockholders – diluted $ 1,183,254 $ 60,893 $ (274,156 ) $ 30,022 Weighted average common shares outstanding - basic 2,462,251 415,726 2,718,383 415,815 Effect of dilutive securities 35,557 — — — Weighted average common shares outstanding – diluted 2,497,808 415,726 2,718,383 415,815 Earnings (loss) per common share - basic $ 0.48 $ 0.15 $ (0.10 ) $ 0.07 Earnings (loss) per common share - diluted $ 0.47 $ 0.15 $ (0.10 ) $ 0.07	Schedule of earnings per share 2021 2020 Net income (loss) $ 1,469,660 $ 604,851 Weighted average common shares outstanding 1,250,002 402,284 Effect of dilutive securities 397,293 — Weighted average dilutive common shares outstanding 1,647,295 402,284 Earnings per common share – basic $ 1.18 $ 1.50 Earnings per common share – diluted $ 0.89 $ 1.50

Investments (Tables)

Investments (Tables)	6 Months Ended	12 Months Ended
Investments (Tables)	Oct. 31, 2021	Apr. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]
Schedule of investments	Schedule of investments Oct. 31, 2021 April 30, 2021 Netcapital Systems LLC $ 48,128 $ 48,128 Watch Party LLC 235,400 235,400 Zelgor Inc. 1,400,000 1,400,000 ChipBrain LLC 1,704,480 1,704,480 Vymedic Inc. 20,000 20,000 C-Reveal 50,000 — Deuce Drone LLC 2,350,000 2,350,000 Kingscrowd Inc. 3,815,745 540,000 Total Investments at cost $ 9,623,753 $ 6,298,008	Schedule of investments April 30, 2021 April 30, 2020 Netcapital Systems LLC $ 48,128 $ 44,482 Watch Party LLC 235,400 — Zelgor Inc. 1,400,000 — ChipBrain LLC 1,704,480 — Vymedic, Inc. 20,000 — Deuce Drone LLC 2,350,000 822,500 KingsCrowd LLC 540,000 540,000 Total Investments at cost $ 6,298,008 $ 1,406,982

Business Acquisition (Tables)

Business Acquisition (Tables)	6 Months Ended	12 Months Ended
Business Acquisition (Tables)	Oct. 31, 2021	Apr. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of Merger agreement	Note 12 – Business Acquisition On August 23, 2020, the Company entered into an Agreement and Plan of Merger (“Agreement”) whereby Netcapital Systems LLC (“Systems”) would become an 80% owner of the Company. Pursuant to the requirements of this agreement, the Company filed a definitive information statement on September 21, 2020 to change the Company’s corporate name from ValueSetters, Inc. to Netcapital Inc. and to amend the Company’s Articles of Incorporation to effect a stock combination, or reverse stock split, pursuant to which 2,000 shares of the Company’s common stock would be exchanged for one new share of common stock. In conjunction with the merger agreement, the Company issued 1,666,360 shares of common stock to Systems on November 5, 2020. The Agreement is a tax-free merger of Netcapital Funding Portal Inc. (“FP”), a wholly owned subsidiary of Systems, with Netcapital Acquisition Vehicle Inc., an indirect wholly owned subsidiary of the Company, wherein FP was the surviving corporation. This transaction is designed to enhance the Company’s revenues and ability to provide services to democratize the private capital markets while helping companies at all stages to build, grow and fund their businesses with a full range of services from strategic advice to raising capital. As a result of the transaction, the company is expected to be a leading provider of private capital transactions for entrepreneurs seeking to raise money under the exemption provided by section 4(a)(6) of the Securities Act of 1933, which allows private companies to raise up to $5 million every 12 months. ASC 805-10-25-4 requires the identification of one of the combining entities in each business combination as the acquirer. Upon evaluation of the components of the business combination, including the relative voting rights in the combined entity, the composition of the governing body and senior management of the combined entity, the relative size of each entity and the terms of the exchange of equity interests, the Company recorded the transaction in the third quarter of fiscal 2021 as a purchase. In conjunction with the purchase, Systems agreed to vote all of its shares of common stock to support the resolutions of the existing board of directors of the Company. The following table summarizes the value of the consideration for FP and the amounts of the assets acquired and liabilities assumed in conjunction with the Agreement. Schedule of merger agreement Consideration: $ 11,331,248 Payment of promissory notes and interest 3,817,516 Total consideration $ 15,148,764 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash $ 358,634 Current assets 8,894 Accounts payable (22,718 ) Platform users 7,080,319 Platform investors 6,288,392 Platform issuers 903,125 Unpatented technology 532,118 Total identifiable net assets $ 15,148,764 The fair value of the common shares issued as the consideration for FP was determined by the most recent (the prior day’s) closing price of the Company’s common shares at the time the shares were issued. The fair value of the assets and the liabilities of FP equaled their book value. Four identifiable intangible assets were valued; platform users, platform investors, platform issuers and unpatented technology (collectively the “Intangible Assets”). The estimated market value of the Intangible Assets is approximately $27,800,000. This amount is derived from valuing the IP functionality, brand, and license of FP at $1,000,000; valuing current issuers and pipeline issuers at approximately $14,000 each; valuing platform users at $382 each; and valuing investors at $1,025 each. These values are derived from comparing the FP Intangible Assets to the values recorded by funding portal offerings of FP’s competitors in public filings via Regulations CF and Regulation A. The excess of purchase price over the total identifiable tangible net assets of $344,810, leaves an aggregate value of $14,803,954 to be assigned to the Intangible Assets. The estimated value of the $27,800,000 of Intangible Assets is allocated on a percentage basis in the above table to equal $14,803,954. None of FP’s revenues and earnings are included in the Company’s consolidated income statements through the day of closing of November 5, 2020. The consolidated income statements for the year ended April 30, 2021 include $834,981 in revenues from FP. If the entities had been combined for the two reporting periods, the supplemental pro forma revenues and earnings are as follows: Schedule of pro forma and earnings Revenues Earnings Supplemental pro forma for 4/1/20 – 11/04/20 $ 2,866,063 $ 282,264 Supplemental pro forma for 4/1/19 – 11/04/19 $ 1,018,200 $ 680,212 Included in the supplemental pro forma information above is revenue earned by the Company from Netcapital Systems LLC of $18,646 and $152,864 in the periods ended November 4, 2020 and 2019, respectively.	Schedule of Merger agreement Consideration: $ 11,331,248 Payment of promissory notes and interest 3,817,516 Total consideration $ 15,148,764 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash $ 358,634 Current assets 8,894 Accounts payable (29,023 ) Platform users 7,080,319 Platform investors 6,288,392 Platform issuers 903,125 Unpatented technology 532,118 Total identifiable net assets $ 15,148,764
Schedule of pro forma and earnings	Schedule of pro forma and earnings Revenues Earnings Supplemental pro forma for 4/1/20 – 11/04/20 $ 2,866,063 $ 282,264 Supplemental pro forma for 4/1/19 – 11/04/19 $ 1,018,200 $ 680,212	Schedule of Pro forma revenue and earnings Revenues Earnings Supplemental pro forma for 4/1/20 – 11/04/20 $ 2,866,063 $ 282,264 Supplemental pro forma for 4/1/19 – 11/04/19 $ 1,018,200 $ 680,212
Schedule of merger agreement	Schedule of merger agreement Consideration: $ 11,331,248 Payment of promissory notes and interest 3,817,516 Total consideration $ 15,148,764 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash $ 358,634 Current assets 8,894 Accounts payable (22,718 ) Platform users 7,080,319 Platform investors 6,288,392 Platform issuers 903,125 Unpatented technology 532,118 Total identifiable net assets $ 15,148,764

Principal Financing Arrangeme_2

Principal Financing Arrangements (Tables)	6 Months Ended
Principal Financing Arrangements (Tables)	Oct. 31, 2021
Principal Financing Arrangements
Schedule of debt	Schedule of debt October 31, April 30, 2021 Interest Rate Secured lender $ 1,000,000 $ 1,000,000 8.0 % Notes payable – related parties 22,860 22,860 0.0 % U.S. SBA loan 1,885,800 1,885,800 1.0 % U.S. SBA loan 500,000 500,000 3.75 % U.S. SBA loan 1,885,800 1,885,800 1.0 % Loan payable – bank 34,324 34,324 5.5 % Total Debt 5,328,784 5,328,784 Less: current portion of long-term debt 3,576,149 2,942,984 Total long-term debt $ 1,752,635 $ 2,385,800

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	6 Months Ended
Stock-Based Compensation Plans (Tables)	Oct. 31, 2021
Stock-based Compensation Plans
Schedule of stock based compensation expense	Schedule of stock based compensation expense Stock-based compensation expense Six Months Six Months Three Months Three Months Chief Executive Officer $ 40,608 $ 81,216 $ — $ 40,608 Chief Financial Officer 40,608 81,216 — 40,608 Chief Marketing Officer 20,111 2,453 8,396 1,047 Related party consultant 25,908 38,757 6,530 19,379 VP of Digital Strategy 4,017 17,510 1,677 17,510 Marketing consultant 74,104 — 37,052 — Marketing consultant 251,803 — 125,902 — Business consultant 25,908 38,757 6,530 19,379 Total stock-based compensation expense $ 483,067 $ 259,909 $ 186,087 $ 138,531
Schedule of prepaid compensation	Schedule of prepaid compensation Description Oct. 31, 2021 April 30, 2021 Chief Executive Officer $ — $ 40,608 Chief Financial Officer — 40,608 Related party consultant — 25,908 Business consultant — 25,908 Marketing consultant 128,638 380,441 Marketing consultant 44,301 118,405 Total $ 172,939 $ 631,878

Deposits and Commitments (Table

Deposits and Commitments (Tables)	6 Months Ended
Deposits and Commitments (Tables)	Oct. 31, 2021
Deposits And Commitments
Schedule of assets acquired	Schedule of assets acquired Total consideration: 75,000 shares of common stock of the Company $ 750,000 Recognized amounts of identifiable assets acquired: Professional practice goodwill $ 570,000 Technology-related intangibles 37,500 Marketing-related intangibles 15,000 Computer-related intangibles 50,250 Customer-related intangibles 17,250 Contract-related intangibles 30,000 Human capital and artistic-related intangibles 30,000 Total identifiable net assets $ 750,000

Description of Business and S_3

Description of Business and Summary of Accounting Principles (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020	Apr. 30, 2021	Apr. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Revenues, Net of Interest Expense	$ 1,199,822	$ 731,164	$ 1,825,009	$ 2,493,486	$ 4,721,003	$ 1,753,558
Deferred Revenue	$ 670		$ 670		$ 622	$ 656

Concentrations (Details Narrati

Concentrations (Details Narrative) - Revenue Benchmark [Member]	3 Months Ended		6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020	Apr. 30, 2021	Apr. 30, 2020
One Customer [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	42.00%	48.00%	28.00%	56.00%
Second Customer [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	33.00%	27.00%	22.00%	26.00%
One Customer [Member]
Concentration Risk [Line Items]
Revenue, Remaining Performance Obligation, Percentage					30.00%	47.00%
Second Customer [Member]
Concentration Risk [Line Items]
Revenue, Remaining Performance Obligation, Percentage					15.00%	31.00%
Third Customer [Member]
Concentration Risk [Line Items]
Revenue, Remaining Performance Obligation, Percentage					14.00%	13.00%
Fourth Customer [Member]
Concentration Risk [Line Items]
Revenue, Remaining Performance Obligation, Percentage					11.00%

Debt (Details)

Debt (Details) - USD ($)	Oct. 31, 2021	Apr. 30, 2021	Apr. 30, 2020
Debt Instrument [Line Items]
Secured lender (affiliate)		$ 1,000,000	$ 1,000,000
[custom:SecuredLenderPercentage-0]		8.00%
Notes payable - related parties		$ 22,860	15,000
[custom:NotesPayableRelatedPartiesPercentage-0]		0.00%
Demand notes payable			7,860
[custom:DemandNotesPayablePercentage-0]		0.00%
Total Debt	$ 5,328,784	$ 5,328,784	1,057,184
Loan payable - bank	34,324	$ 34,324	34,324
[custom:LoanPayableBankPercentage-0]		5.50%
Less: current portion of long-term debt		$ 2,942,984	1,057,184
Total long-term debt		2,385,800
Future Minimum Sublease Rentals, Sale Leaseback Transactions, Next Twelve Months		2,942,984
Future Minimum Sublease Rentals, Sale Leaseback Transactions, within Two Years		1,895,950
Future Minimum Sublease Rentals, Sale Leaseback Transactions, within Three Years		11,478
Future Minimum Sublease Rentals, Sale Leaseback Transactions, within Four Years		11,916
Future Minimum Sublease Rentals, Sale Leaseback Transactions, within Five Years		12,370
Future Minimum Sublease Rentals, Sale Leaseback Transactions, Thereafter		454,086
Future Minimum Sublease Rentals, Sale Leaseback Transactions		5,328,800
U S S B A Loan [Member]
Debt Instrument [Line Items]
Total Debt	$ 1,885,800	$ 1,885,800
Debt Instrument, Interest Rate, Effective Percentage	1.00%	1.00%
U S S B A Loan One [Member]
Debt Instrument [Line Items]
Total Debt	$ 500,000	$ 500,000
Debt Instrument, Interest Rate, Effective Percentage	3.75%	3.75%
U S S B A Loan Two [Member]
Debt Instrument [Line Items]
Total Debt	$ 1,885,800	$ 1,885,800
Debt Instrument, Interest Rate, Effective Percentage	1.00%	1.00%

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)	12 Months Ended
Debt (Details Narrative) - USD ($)	Apr. 30, 2021	Apr. 30, 2020
Defined Benefit Plan Disclosure [Line Items]
Debt Instrument, Periodic Payment, Principal		$ 1,000,000
Notes Payable	$ 0	7,860
Funding Portal [Member]
Defined Benefit Plan Disclosure [Line Items]
Notes Payable		$ 7,860
Common Stock Dividends, Shares	1,671,360

Fair Value (Details)

Fair Value (Details) - USD ($)	Apr. 30, 2021	Apr. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at cost	$ 6,298,008	$ 1,406,982
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at cost
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at cost	6,298,008	1,406,982
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at cost

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Oct. 31, 2021	Apr. 30, 2021	Apr. 30, 2020
Income Tax Disclosure [Abstract]
Net operating loss carryforwards		$ 141,000	$ 140,000
Bad debt expense		17,000	0
Stock-based compensation	$ 193,000	155,000
Asset impairment loss		0	40,000
Deferred tax assets		313,000	180,000
Unrealized gain		746,000
Total deferred tax liability		746,000
Total net deferred tax assets (liabilities)		$ (433,000)	$ 180,000

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
Income Taxes (Details Narrative) - USD ($)	Apr. 30, 2021	Apr. 30, 2020
Income Tax Disclosure [Abstract]
Deferred Federal Income Tax Expense (Benefit)	$ 890,000
Operating Loss Carryforwards, Valuation Allowance	$ 0	$ 0

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit) (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
Stockholders' Equity (Deficit) (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020	Apr. 30, 2021	Apr. 30, 2020
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Stock-based compensation	$ 186,087	$ 138,531	$ 483,067	$ 259,909	$ 680,611	$ 356,252
Shares issued as compensation					99,270	39,375
Prepaid stock-based compensation expense					$ 631,878	$ 609,010
Chief Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Stock-based compensation		40,608	40,608	81,216	$ 161,107	$ 112,035
Shares issued as compensation						13,125
Prepaid stock-based compensation expense					$ 40,608	$ 201,715
Chief Financial Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Stock-based compensation		40,608	40,608	81,216	$ 161,107	$ 112,035
Shares issued as compensation						13,125
Prepaid stock-based compensation expense					$ 40,608	$ 201,715
Chief Operating Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Stock-based compensation					$ 31,693	$ 7,061
Shares issued as compensation					3,646	625
Relatedpartyconsultant [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Stock-based compensation	6,530	19,379	25,908	38,757	$ 76,882	$ 49,711
Shares issued as compensation						6,250
Prepaid stock-based compensation expense					$ 25,908	$ 102,790
Marketing Consultant [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Stock-based compensation	37,052		74,104		$ 5,286
Shares issued as compensation					625
Prepaid stock-based compensation expense					$ 380,441
Marketing Consultant One [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Stock-based compensation	125,902		251,803		$ 119,059
Shares issued as compensation					20,000
Prepaid stock-based compensation expense					$ 118,405
Marketing Consultant Two [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Stock-based compensation					$ 20,000
Shares issued as compensation					75,000
Marketing Consultant Three [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Stock-based compensation					$ 28,595
Business Consultant [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Stock-based compensation	$ 6,530	$ 19,379	$ 25,908	$ 38,757	$ 76,882	$ 49,711
Shares issued as compensation						6,250
Prepaid stock-based compensation expense					$ 25,908	$ 102,790

Stockholders_ Equity (Details N

Stockholders’ Equity (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
Stockholders’ Equity (Details Narrative) - USD ($)	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020	Apr. 30, 2021	Apr. 30, 2020
Equity [Abstract]
Share-based Payment Arrangement, Noncash Expense	$ 186,087	$ 138,531	$ 483,067	$ 259,909	$ 680,611	$ 356,252
[custom:PrepaidStockbasedCompensationExpense]					$ 631,878	$ 609,010

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
Earnings Per Common Share (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020	Apr. 30, 2021	Apr. 30, 2020
Earnings Per Share [Abstract]
Net income (loss)	$ (274,156)	$ 30,022	$ 1,183,254	$ 60,893	$ 1,469,660	$ 604,851
Weighted average common shares outstanding	2,718,383	415,815	2,462,251	415,726	1,250,002	402,284
Effect of dilutive securities			$ 35,557		$ 397,293
Weighted average dilutive common shares outstanding	2,718,383	415,815	2,497,808	415,726	1,647,295	402,284
Earnings per common share – basic	$ (0.10)	$ 0.07	$ 0.48	$ 0.15	$ 1.18	$ 1.50
Earnings per common share – diluted	$ (0.10)	$ 0.07	$ 0.47	$ 0.15	$ 0.89	$ 1.50

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Oct. 31, 2021	Apr. 30, 2021	Apr. 30, 2020
Related Party Transaction [Line Items]
Common Stock, Value, Issued	$ 2,719	$ 2,178	$ 417
Cash	358,634	358,634
Accounts Payable, Related Parties, Current	$ 320,224	3,843,686	16,680
Steven Geary [Member]
Related Party Transaction [Line Items]
Accounts Payable, Related Parties, Current		$ 16,680
Compensation Officer [Member]
Related Party Transaction [Line Items]
Common Stock, Value, Issued			231,131
Two Board [Member]
Related Party Transaction [Line Items]
Cash			$ 49,711

Investments (Details Narrative)

Investments (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
Investments (Details Narrative) - USD ($)	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020	Apr. 30, 2021	Apr. 30, 2020
Defined Benefit Plan Disclosure [Line Items]
Revenues	$ 1,199,822	$ 731,164	$ 1,825,009	$ 2,493,486	$ 4,721,003	$ 1,753,558
Online Funding Portal One [Member]
Defined Benefit Plan Disclosure [Line Items]
Revenues					$ 660,486

Business Acquisition (Details)

Business Acquisition (Details) - USD ($)	Oct. 31, 2021	Apr. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Consideration: 1,666,360 shares of common stock of the Company	$ 11,331,248	$ 11,331,248
Payment of promissory notes and interest	3,817,516	3,817,516
Total consideration	15,148,764	15,148,764
Cash	358,634	358,634
Current assets	8,894	8,894
Accounts payable	(22,718)	(29,023)
Platform users	7,080,319	7,080,319
Platform investors	6,288,392	6,288,392
Platform issuers	903,125	903,125
Unpatented technology	532,118	532,118
Total identifiable net assets	$ 15,148,764	$ 15,148,764

Business Acquisition (Details 1

Business Acquisition (Details 1) - USD ($)	3 Months Ended		6 Months Ended		7 Months Ended		12 Months Ended
Business Acquisition (Details 1) - USD ($)	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020	Nov. 04, 2020	Nov. 04, 2019	Apr. 30, 2021	Apr. 30, 2020
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Revenues	$ 1,199,822	$ 731,164	$ 1,825,009	$ 2,493,486			$ 4,721,003	$ 1,753,558
Pro Forma [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Revenues					$ 2,866,063	$ 1,018,200
Earnings					$ 282,264	680,212
ProForma1Member
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Revenues						1,018,200
Earnings						$ 680,212

Business Acquisition (Details N

Business Acquisition (Details Narrative) - USD ($)	Nov. 04, 2020	Nov. 04, 2019
Netcapital Systems L L C [Member]
Defined Benefit Plan Disclosure [Line Items]
Capitalized Contract Cost, Net	$ 18,646	$ 152,864

Schedule of earnings per share

Schedule of earnings per share (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
Schedule of earnings per share (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020	Apr. 30, 2021	Apr. 30, 2020
Revenue Recognition
Net income (loss) attributable to common stockholders – basic	$ (274,156)	$ 30,022	$ 1,183,254	$ 60,893	$ 1,469,660	$ 604,851
Adjustments to net loss
Net income (loss) attributable to common stockholders – diluted	$ (274,156)	$ 30,022	$ 1,183,254	$ 60,893
Weighted average common shares outstanding - basic	2,718,383	415,815	2,462,251	415,726	1,250,002	402,284
Effect of dilutive securities			$ 35,557		$ 397,293
Weighted average common shares outstanding – diluted	2,718,383	415,815	2,497,808	415,726	1,647,295	402,284
Earnings (loss) per common share - basic	$ (0.10)	$ 0.07	$ 0.48	$ 0.15	$ 1.18	$ 1.50
Earnings (loss) per common share - diluted	$ (0.10)	$ 0.07	$ 0.47	$ 0.15	$ 0.89	$ 1.50

Revenue Recognition (Details Na

Revenue Recognition (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
Revenue Recognition (Details Narrative) - USD ($)	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020	Apr. 30, 2021	Apr. 30, 2020
Revenue Recognition
Revenues, Net of Interest Expense	$ 1,199,822	$ 731,164	$ 1,825,009	$ 2,493,486	$ 4,721,003	$ 1,753,558
Deferred Revenue	$ 670		$ 670		$ 622	$ 656

Schedule of debt (Details)

Schedule of debt (Details) - USD ($)	Oct. 31, 2021	Apr. 30, 2021	Apr. 30, 2020
Debt Instrument [Line Items]
Debt, Current	$ 5,328,784	$ 5,328,784	$ 1,057,184
Long-term Debt, Current Maturities	3,576,149	2,942,984
Long-term Debt	1,752,635	2,385,800
Secured Debt [Member]
Debt Instrument [Line Items]
Debt, Current	$ 1,000,000	1,000,000
Debt Instrument, Interest Rate, Effective Percentage	8.00%
Notes Payable Related Parties [Member]
Debt Instrument [Line Items]
Debt, Current	$ 22,860	22,860
Debt Instrument, Interest Rate, Effective Percentage	0.00%
U S S B A Loan [Member]
Debt Instrument [Line Items]
Debt, Current	$ 1,885,800	$ 1,885,800
Debt Instrument, Interest Rate, Effective Percentage	1.00%	1.00%
U S S B A Loan One [Member]
Debt Instrument [Line Items]
Debt, Current	$ 500,000	$ 500,000
Debt Instrument, Interest Rate, Effective Percentage	3.75%	3.75%
U S S B A Loan Two [Member]
Debt Instrument [Line Items]
Debt, Current	$ 1,885,800	$ 1,885,800
Debt Instrument, Interest Rate, Effective Percentage	1.00%	1.00%
Loan Payable Bank [Member]
Debt Instrument [Line Items]
Debt, Current	$ 34,324	$ 34,324
Debt Instrument, Interest Rate, Effective Percentage	5.50%

Schedule of income taxes (Detai

Schedule of income taxes (Details) - USD ($)	Oct. 31, 2021	Apr. 30, 2021	Apr. 30, 2020
Deferred tax assets, net:
Net operating loss carryforwards	$ 422,000	$ 141,000
Bad debt allowance	27,000	17,000
Stock-based compensation	193,000	155,000
Deferred tax assets	642,000	313,000
Deferred tax liability
Unrealized gain	1,696,000	746,000
Net deferred tax liability	$ (1,054,000)	$ (433,000)

Schedule of stock based compens

Schedule of stock based compensation expense (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020	Apr. 30, 2021	Apr. 30, 2020
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Share-based Payment Arrangement, Noncash Expense	$ 186,087	$ 138,531	$ 483,067	$ 259,909	$ 680,611	$ 356,252
Chief Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Share-based Payment Arrangement, Noncash Expense		40,608	40,608	81,216	161,107	112,035
Chief Financial Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Share-based Payment Arrangement, Noncash Expense		40,608	40,608	81,216	161,107	112,035
Chief Marketing Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Share-based Payment Arrangement, Noncash Expense	8,396	1,047	20,111	2,453
Relatedpartyconsultant [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Share-based Payment Arrangement, Noncash Expense	6,530	19,379	25,908	38,757	76,882	49,711
V P Digitial Strategy [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Share-based Payment Arrangement, Noncash Expense	1,677	17,510	4,017	17,510
Marketing Consultant [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Share-based Payment Arrangement, Noncash Expense	37,052		74,104		5,286
Marketing Consultant One [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Share-based Payment Arrangement, Noncash Expense	125,902		251,803		119,059
Business Consultant [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Share-based Payment Arrangement, Noncash Expense	$ 6,530	$ 19,379	$ 25,908	$ 38,757	$ 76,882	$ 49,711

Schedule of prepaid compensatio

Schedule of prepaid compensation (Details) - USD ($)	12 Months Ended
Schedule of prepaid compensation (Details) - USD ($)	Apr. 30, 2021	Apr. 30, 2020	Oct. 31, 2021
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
[custom:PrepaidStockbasedCompensationExpense]	$ 631,878	$ 609,010
[custom:PrepaidStockbasedCompensationExpense3-0]	631,878		$ 172,939
Chief Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
[custom:PrepaidStockbasedCompensationExpense]	40,608	201,715
Chief Financial Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
[custom:PrepaidStockbasedCompensationExpense]	40,608	201,715
Relatedpartyconsultant [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
[custom:PrepaidStockbasedCompensationExpense]	25,908	102,790
Business Consultant [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
[custom:PrepaidStockbasedCompensationExpense]	25,908	102,790
Marketing Consultant [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
[custom:PrepaidStockbasedCompensationExpense]	380,441
Marketing Consultant One [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
[custom:PrepaidStockbasedCompensationExpense]	$ 118,405

Schedule of merger agreement (D

Schedule of merger agreement (Details) - USD ($)	Oct. 31, 2021	Apr. 30, 2021
Deposits And Commitments
Consideration: 1,666,360 shares of common stock of the Company	$ 11,331,248	$ 11,331,248
Payment of promissory notes and interest	3,817,516	3,817,516
Total consideration	15,148,764	15,148,764
Cash	358,634	358,634
Current assets	8,894	8,894
Accounts payable	(22,718)	(29,023)
Platform users	7,080,319	7,080,319
Platform investors	6,288,392	6,288,392
Platform issuers	903,125	903,125
Unpatented technology	532,118	532,118
Total identifiable net assets	$ 15,148,764	$ 15,148,764

Schedule of pro forma and earni

Schedule of pro forma and earnings (Details) - USD ($)	3 Months Ended		6 Months Ended		7 Months Ended		12 Months Ended
Schedule of pro forma and earnings (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020	Nov. 04, 2020	Nov. 04, 2019	Apr. 30, 2021	Apr. 30, 2020
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Revenues	$ 1,199,822	$ 731,164	$ 1,825,009	$ 2,493,486			$ 4,721,003	$ 1,753,558
Pro Forma [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Revenues					$ 2,866,063	$ 1,018,200
Earnings					$ 282,264	$ 680,212

Schedule of investments (Detail

Schedule of investments (Details) - USD ($)	Oct. 31, 2021	Apr. 30, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Investment Owned, at Cost	$ 9,623,753	$ 6,298,008
Netcapital Systems L L C [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Investment Owned, at Cost	48,128	48,128
Watch Party L L C [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Investment Owned, at Cost	235,400	235,400
Zelgor [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Investment Owned, at Cost	1,400,000	1,400,000
Chip Brain L L C [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Investment Owned, at Cost	1,704,480	1,704,480
Vymedic [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Investment Owned, at Cost	20,000	20,000
C Reveal [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Investment Owned, at Cost	50,000
Deuce Drone L L C [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Investment Owned, at Cost	2,350,000	2,350,000
Kingscrowd Inc [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Investment Owned, at Cost	$ 3,815,745	$ 540,000

Schedule of assets acquired (De

Schedule of assets acquired (Details)	Oct. 31, 2021USD ($)
Deposits And Commitments
Total consideration: 75,000 shares of common stock of the Company	$ 750,000
Professional practice goodwill	570,000
Technology-related intangibles	37,500
Marketing-related intangibles	15,000
Computer-related intangibles	50,250
Customer-related intangibles	17,250
Contract-related intangibles	30,000
Human capital and artistic-related intangibles	30,000
Total identifiable net assets	$ 750,000