Principal Financing Arrangements (Tables)

3 Months Ended

Jul. 31, 2025

The following table summarizes components debt as of July 31, 2025 and April 30, 2025:

Schedule of Debt

	July 31, 2025		April 30, 2025		Interest Rate

Convertible promissory notes	$	—	$	161,787		12.0	%
Notes payable		600,000		101,650		8.0	%
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		9.75	%
Total Debt		3,020,124		2,683,561
Less: current portion of long-term debt		2,520,124		2,183,561
Total long-term debt	$	500,000	$	500,000

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Netcapital Inc. 10-Q