Not available for this issue.
A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.
Issue 006 | U.S. Pilot | US
NTCL
NetClass Technology Inc
Screen state: Needs Review
Source state: Stale Filing
20-F | 2026-02-02
Filing currency: USD
Internal NCAV Discount
97.4%
GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.
- Current Assets
- 8,857,837USD
- Total Liabilities
- 7,831,274USD
- NCAV
- 1,026,563USD
- Cash
- 1,763,888USD
- NCAV per share
- 463.81USD/share
- Evidence
- 2 annual | 3 quarterly
Mary filing review
Financial Statement Evidence
Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.
- Evaluated
- 12
- Triggered
- 4
- Unavailable
- 3
Requires inspection High NCAV Burn since the previous filing 1,026,563
- Latest
- 1,026,5632025-09-30
- Comparison
- 2,920,9812024-09-30
- Change
- -64.9%
Basis: NCAV burn since previous filing >= 10%; previous NCAV must be positive
Source periods: SEC 20-F 2025-09-30 · 0001104659-26-008806; REPORTED_FILING 20-F 2024-09-30
Requires inspection Negative OCF -5,718,817
- Latest
- -5,718,8172025-09-30
- Comparison
- n/a
- Change
- n/a
Basis: latest reporting-period cash from operations < 0
Source periods: SEC 20-F 2025-09-30 · 0001104659-26-008806
Requires inspection Current Ratio <= 1.5 1.29
- Latest
- 1.292025-09-30
- Comparison
- 1.5
- Change
- n/a
Basis: current assets / current liabilities <= 1.5
Source periods: SEC 20-F 2025-09-30 · 0001104659-26-008806
Supporting observation No Material 1Y Share Increase 10,000
- Latest
- 10,0002025-09-30
- Comparison
- 10,0002024-09-30
- Change
- 0.0%
Basis: 1Y share change > -2% and <= +1% using the same share-count source
Source periods: SEC 20-F 2025-09-30 · 0001104659-26-008806; REPORTED_FILING 20-F 2024-09-30
3 unavailable checks — inspect missing inputs
High Debt
(short-term debt + long-term debt) / ordinary equity >= 50%
Low Debt
(short-term debt + long-term debt) / ordinary equity < 20%
Non-Positive Equity
ordinary shareholders equity <= 0
Business Profile
Published only when a substantive filing-text profile has been prepared for this issue.
Known Unknowns
Only 3 quarterly periods available from Data Vault for this company.
Medium | Share Count
The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.
Low | Classification
U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.
Medium | Filing
Some rows are based on older filing data and require manual freshness review.
Annual Financials
Latest annual periods, newest first. Missing cells render as n/a.
| Metric |
2025-09-30
20-F
USD
|
2024-09-30
20-F
USD
|
|---|---|---|
| Revenue | 9,805,037 | 10,101,647 |
| Operating Income | -10,934,311 | -1,288,831 |
| Net Income | -10,824,582 | -1,477,813 |
| Cash From Operations | -5,718,817 | -135,655 |
| Capex | -6,466 | n/a |
| Free Cash Flow | -5,725,283 | n/a |
| Cash And Equivalents | 1,763,888 | 410,716 |
| Accounts Receivable | 5,580,570 | 5,298,006 |
| Inventory | 305,741 | 70,681 |
| Total Current Assets | 8,857,837 | 7,087,450 |
| Total Assets | 13,810,140 | 7,228,724 |
| Total Current Liabilities | 6,853,282 | 4,166,469 |
| Total Liabilities | 7,831,274 | 4,166,469 |
| Shareholders Equity | 5,781,700 | 2,971,181 |
| Shares Outstanding | 10,000 | 10,000 |
| Shares Outstanding Diluted | n/a | n/a |
| Weighted Avg Shares Diluted | 17,992,169 | 15,760,000 |
| Weighted Avg Shares Basic | 17,992,169 | 15,760,000 |
| Net Share Count Change (Normalized) | Insufficient evidence | Insufficient evidence |
| Ownership Claim Change (Normalized) | Insufficient evidence | Insufficient evidence |
Quarterly Financials
Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.
Only 3 quarterly periods available from Data Vault for this company.
| Metric |
2025-03-31
6-K
USD
|
2024-09-30
6-K
USD
|
2024-03-31
6-K
USD
|
|---|---|---|---|
| Revenue | 3,654,410 | 10,101,647 | 3,766,192 |
| Operating Income | -5,178,270 | -1,288,831 | -2,234,961 |
| Net Income | -4,955,643 | -1,477,813 | -2,065,011 |
| Cash From Operations | -7,020,541 | -135,655 | -211,835 |
| Capex | -2,214 | n/a | n/a |
| Free Cash Flow | -7,022,755 | n/a | n/a |
| Cash And Equivalents | 1,805,463 | 410,716 | n/a |
| Total Current Assets | 9,250,817 | 7,087,450 | n/a |
| Total Liabilities | 4,612,733 | 4,166,469 | n/a |
| Shares Outstanding | 10,000 | 10,000 | n/a |
| Shares Outstanding Diluted | n/a | n/a | n/a |
| Weighted Avg Shares Diluted | 16,927,527 | 15,760,000 | 15,760,000 |
| Weighted Avg Shares Basic | 16,927,527 | 15,760,000 | 15,760,000 |
| Net Share Count Change (Normalized) | Insufficient evidence | Insufficient evidence | Insufficient evidence |
| Ownership Claim Change (Normalized) | Insufficient evidence | Insufficient evidence | Insufficient evidence |
Audit Trail
NCAV Audit
Official-source inputs remain linked to filing provenance. Derived values are labeled as such.
| Input | Value | Source concept | Filing period | Confidence | Provenance |
|---|---|---|---|---|---|
| Current Assets | 9,250,817USD | us-gaap:AssetsCurrent | 2025-03-31 | 1.00 |
Data Vault | sec/companyfacts/cik=0001927578/companyfacts.json Data Vault | sec/companyfacts/cik=0001927578/companyfacts.json |
| Total Liabilities | 4,612,733USD | us-gaap:Liabilities | 2025-03-31 | 1.00 |
Data Vault | sec/companyfacts/cik=0001927578/companyfacts.json Data Vault | sec/companyfacts/cik=0001927578/companyfacts.json |
| Cash | 1,805,463USD | us-gaap:CashAndCashEquivalentsAtCarryingValue | 2025-03-31 | 1.00 |
Data Vault | sec/companyfacts/cik=0001927578/companyfacts.json Data Vault | sec/companyfacts/cik=0001927578/companyfacts.json |
| Shares Outstanding | 10,000 | us-gaap:CommonStockSharesOutstanding | 2025-03-31 | 1.00 |
Data Vault | sec/companyfacts/cik=0001927578/companyfacts.json Data Vault | sec/companyfacts/cik=0001927578/companyfacts.json |
| NCAV | 4,638,084USD | derived | 2025-03-31 | n/a | company-evidence-v1 | total_current_assets - total_liabilities |
| NCAV per share | 463.81USD | derived | 2025-03-31 | n/a | company-evidence-v1 | NCAV / shares_outstanding |
| Internal NCAV Discount | 97.4% | derived | 2025-03-31 | n/a | gnni_publication_pack | internal_discount |
NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding
Source Provenance
- Data Source
- Data Vault
- Data Vault Root
- Local evidence | The Data Vault
- CIK
- 0001927578
- Company ID
- n/a
- Selected Annual Source
- Data Vault | sec/companyfacts/cik=0001927578/companyfacts.json
- Selected Quarterly Source
- Data Vault | sec/companyfacts/cik=0001927578/companyfacts.json
- Statement Extractor
- companyfacts-screener-v1
- View Extractor
- companyfacts-screener-v1
- Source Accession Count
- 3
- Imported At
- 2026-08-15T12:52:33+00:00
- Rendered At
- 2026-08-16T03:30:06+00:00
Run Audit
- Mary Run
- 63eb9cbe01c34796bb5a9e8d156e6111
- Mary As Of
- 2026-08-15
- Accession
- 0001104659-26-008806
- CIK
- 0001927578
- Mary Filing Date
- 2026-02-02
- Filing Currency
- USD
- Internal Discount
- 97.4%
- Source State
- Stale Filing
- Market Context
- Not Displayed
- Market Policy
- internal_only_not_redistributed
- Share Trend
- Not Evaluated
- Dilution
- Needs Review
mary_run=63eb9cbe01c34796bb5a9e8d156e6111; mary_as_of=2026-08-15; mary_filing_date=2026-02-02; mary_accession=0001104659-26-008806; mary_cik=0001927578; gnni_supporting_filing_date=2026-02-02; internal_discount=0.974439; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.; source requires review