Netcapital (NCPL) 10-K 26 Jul 23 2023 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Apr. 30, 2023	Jul. 26, 2023	Oct. 31, 2022
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Apr. 30, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--04-30
Entity File Number	000-55036
Entity Registrant Name	NETCAPITAL INC.
Entity Central Index Key	0001414767
Entity Tax Identification Number	87-0409951
Entity Incorporation, State or Country Code	UT
Entity Address, Address Line One	1 Lincoln Street
Entity Address, City or Town	Boston
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02111
City Area Code	781
Local Phone Number	925-1700
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 4,424,996
Entity Common Stock, Shares Outstanding		9,415,382
Auditor Name	Fruci & Associates
Auditor Firm ID	5525
Auditor Location	Spokane, Washington
Common Stock, par value $0.001 per share
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	NCPL
Security Exchange Name	NASDAQ
Redeemable warrants exercisable for one share of Common Stock at an exercise price of $5.19
Title of 12(b) Security	Redeemable warrants exercisable for one share of Common Stock at an exercise price of $5.19
Trading Symbol	NCPLW
Security Exchange Name	NASDAQ

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Assets:
Cash and cash equivalents	$ 569,441	$ 473,925
Related party receivable		668
Accounts receivable, net	1,388,500	2,433,900
Prepaid expenses	583,030	5,694
Total current assets	2,540,971	2,914,187
Deposits	6,300	6,300
Note receivable – related parties	202,000	202,000
Purchased technology	15,875,297	15,536,704
Investment in affiliate	240,080	240,080
Equity securities at fair value	22,955,445	12,861,253
Total assets	41,820,093	31,760,524
Current liabilities:
Trade	578,331	536,508
Related party	75,204	378,077
Accrued expenses	285,065	229,867
Stock subscription payable	10,000	33,400
Deferred revenue	661	2,532
Interest payable	98,256	222,295
Income taxes payable	174,000
Deferred tax liability, net	1,657,000	977,000
Related party debt	15,000	22,860
Secured note payable	350,000	1,400,000
Current portion of SBA loans	1,885,800	1,890,727
Loan payable - bank	34,324	34,324
Convertible notes payable		300,000
Total current liabilities	5,163,641	6,027,590
Long-term liabilities:
Long-term SBA loans, less current portion	500,000	495,073
Total Liabilities	5,663,641	6,552,663
Commitments and contingencies
Stockholders’ equity:
Common stock, $.001 par value; 900,000,000 shares authorized, 6,440,527 and 2,934,344 shares issued and outstanding	6,441	2,934
Capital in excess of par value	30,500,944	22,479,769
Shares to be issued	183,187	244,250
Retained earnings	5,465,880	2,510,908
Total stockholders’ equity	36,156,452	25,237,861
Total liabilities and stockholders’ equity	$ 41,820,093	$ 31,760,524

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - $ / shares	Apr. 30, 2023	Apr. 30, 2022
Statement of Financial Position [Abstract]
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	900,000,000	900,000,000
Common Stock, Shares, Issued	6,440,527	2,934,344
Common Stock, Shares, Outstanding	6,440,527	2,934,344

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Income Statement [Abstract]
Revenues	$ 8,493,985	$ 5,480,835
Costs of services	85,038	110,115
Gross profit	8,408,947	5,370,720
Costs and expenses:
Consulting expense	589,349	892,567
Marketing	85,482	95,753
Rent	75,052	47,670
Payroll and payroll related expenses	3,646,490	3,763,845
General and administrative costs	1,740,698	1,602,031
Total costs and expenses	6,137,071	6,401,866
Operating income (loss)	2,271,876	(1,031,146)
Other income (expense):
Interest expense	(93,842)	(126,372)
Debt forgiveness		1,904,296
Gain on debt conversion	224,260
Amortization of intangible assets	(96,407)
Realized loss on sale of investment	(406,060)
Unrealized gain on equity securities	1,857,500	3,275,745
Other income	51,645	25,007
Total other income	1,537,096	5,078,676
Net income before taxes	3,808,972	4,047,530
Income tax expense	854,000	544,000
Net income	$ 2,954,972	$ 3,503,530
Basic earnings per share	$ 0.63	$ 1.31
Diluted earnings per share	$ 0.63	$ 1.27
Weighted average number of common shares outstanding:
Basic	4,677,214	2,666,173
Diluted	4,677,464	2,748,480

Consolidated Statements of Stoc

Consolidated Statements of Stockholders Equity - USD ($)	Common Stock [Member]	Share To Be Issued [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Apr. 30, 2021	$ 2,178		$ 15,168,987	$ (992,622)	$ 14,178,543
Shares, Outstanding, Beginning Balance at Apr. 30, 2021	2,178,766
Stock-based compensation	$ 2		14,054		14,056
Stock-based compensation	937
Sale of common stock	$ 176		1,592,219		1,592,395
Sale of common stock	176,934
Shares issued to acquire funding portal	$ 362		3,523,100		3,523,462
Shares issued to acquire funding portal	361,736
Net income April 30, 2023				1,457,410	1,457,410
Ending balance, value at Jul. 31, 2021	$ 2,718		20,298,360	464,788	20,765,866
Shares, Outstanding, Ending Balance at Jul. 31, 2021	2,718,373
Stock-based compensation	$ 1		10,072		10,073
Stock-based compensation	937
Net income April 30, 2023				(274,156)	(274,156)
Ending balance, value at Oct. 31, 2021	$ 2,719		20,308,432	190,632	20,501,783
Shares, Outstanding, Ending Balance at Oct. 31, 2021	2,719,310
Stock-based compensation	$ 55		553,967		554,022
Stock-based compensation	55,312
Sale of common stock	$ 22		199,978		200,000
Sale of common stock	22,222
Net income April 30, 2023				1,821,006	1,821,006
Purchase of equity interest	$ 50		499,950		500,000
Purchase of equity interest	50,000
Purchase of MSG Development Corp.	$ 50	244,250	488,450		732,750
Purchase of MSG Development Corp.	50,000
Ending balance, value at Jan. 31, 2022	$ 2,896	244,250	22,050,777	2,011,638	24,309,561
Shares, Outstanding, Ending Balance at Jan. 31, 2022	2,896,844
Stock-based compensation			29,030		29,030
Net income April 30, 2023				499,270	499,270
Purchase of equity interest	$ 38		399,962		400,000
Purchase of equity interest	37,500
Ending balance, value at Apr. 30, 2022	$ 2,934	244,250	22,479,769	2,510,908	25,237,861
Shares, Outstanding, Ending Balance at Apr. 30, 2022	2,934,344
Sale of common stock	$ 1,205		3,947,912		3,949,117
Sale of common stock	1,205,000
Net income April 30, 2023				64,477	64,477
Shares issued for debt conversion	$ 134		379,852		379,986
Stock Issued During Period, Shares, Conversion of Convertible Securities	133,333
Vesting of stock options			32,953		32,953
Ending balance, value at Jul. 31, 2022	$ 4,273	244,250	26,840,486	2,575,385	29,664,394
Shares, Outstanding, Ending Balance at Jul. 31, 2022	4,272,677
Sale of common stock	$ 3		23,397		23,400
Sale of common stock	2,600
Net income April 30, 2023				183,138	183,138
Purchase of equity interest	$ 37		366,338		366,375
Purchase of equity interest	37,500
Vesting of stock options			32,953		32,953
Ending balance, value at Oct. 31, 2022	$ 4,313	244,250	27,263,174	2,758,523	30,270,260
Shares, Outstanding, Ending Balance at Oct. 31, 2022	4,312,777
Sale of common stock	$ 1,434		1,620,025		1,621,459
Sale of common stock	1,434,000
Net income April 30, 2023				1,696,499	1,696,499
Purchase of equity interest	$ 19		171,105		171,124
Purchase of equity interest	18,750
Vesting of stock options			63,057		63,057
Purchase of intellectual property	$ 300		434,700		435,000
Purchase of intellectual property	300,000
Reduction in shares to be issued	$ 6	(61,063)	61,057
Ending balance, value at Jan. 31, 2023	$ 6,072	183,187	29,613,118	4,455,022	34,257,399
Shares, Outstanding, Ending Balance at Jan. 31, 2023	6,071,777
Stock-based compensation	$ 350		559,650		560,000
Stock-based compensation	350,000
Net income April 30, 2023				1,010,858	985,456
Purchase of equity interest	$ 19		195,233		195,252
Purchase of equity interest	18,750
Vesting of stock options			132,943		132,943
Ending balance, value at Apr. 30, 2023	$ 6,441	$ 183,187	$ 30,500,944	$ 5,465,880	$ 36,156,452
Shares, Outstanding, Ending Balance at Apr. 30, 2023	6,440,527

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
OPERATING ACTIVITIES
Net income	$ 2,954,972	$ 3,503,530
Adjustment to reconcile net income (loss) to net cash used in operating activities:
Stock-based compensation	269,577	1,176,058
Non-cash revenue from the receipt of equity	(8,110,000)	(2,387,500)
Allowance for credit losses	5,443	76,630
Debt forgiveness		(1,904,302)
Amortization of intangible assets	96,407
Realized loss on investment	406,060
Gain on debt conversion	(224,260)
Unrealized gain on equity securities	(1,857,500)	(3,275,745)
Changes in deferred taxes	680,000	544,000
Changes in non-cash working capital balances:
Accounts receivable	1,039,957	(1,153,598)
Related party receivable	668	(668)
Prepaid expenses	(25,007)	16,290
Accounts payable and accrued expenses	97,020	281,904
Deferred revenue	(1,871)	1,910
Income taxes payable	174,000
Accrued interest payable	(113,847)	124,314
Accounts payable – related party	(8,819)	(9,490)
Net cash used in operating activities	(4,617,200)	(3,006,667)
INVESTING ACTIVITIES
Proceeds from sale of investment	200,000
Loans to affiliate		(202,000)
Investment in affiliate		(117,166)
Net cash provided by (used in) investing activities	200,000	(319,166)
FINANCING ACTIVITIES
Payment of related party note	(7,860)
Proceeds from sale of common stock	5,570,576
Proceeds from (payments to) secured lender	(1,050,000)	400,000
Proceeds from stock subscriptions		625,799
Proceeds from convertible notes		300,000
Cash flow provided by financing activities	4,512,716	1,325,799
Net increase (decrease) in cash	95,516	(2,000,034)
Cash and cash equivalents, beginning of the period	473,925	2,473,959
Cash and cash equivalents, end of the period	569,441	473,925
Supplemental disclosure of cash flow information:
Cash paid for taxes
Cash paid for interest	207,690	2,064
Supplemental Non-Cash Investing and Financing Information:
Common stock issued as prepaid compensation	552,329
Common stock issued to pay related party payable	113,714	3,523,462
Common stock issued to pay promissory notes	266,272
Common stock issued to purchase intellectual property	435,000
Common stock issued to purchase 10% interest in Caesar Media Group Inc.	732,751	900,000
Common stock for the purchase of MSG Development Corp.		$ 732,750

Description of Business and Sum

Description of Business and Summary of Accounting Principles	12 Months Ended
	Apr. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Summary of Accounting Principles	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 ends April 30. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries after the 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 MSG Development Corp, which was acquired in November 2021, and provides business valuation services. 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, 2023 and 2022, which amounted to $8,493,985 and $5,480,835, respectively, are considered contract revenues. Contract revenue as of April 30, 2023 and 2022, which has not yet been recognized, amounted to $661 and $2,532, 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. Disaggregation of Revenue Our revenue is from U.S.-based companies with no notable geographical concentrations in any area. A distinction exists in revenue source; our revenues are either generated online or from personal services. Revenues disaggregated by revenue source consist of the following: Schedule of Disaggregation of Revenue Year Ended April 30, 2023 Year Ended April 30, 2022 Consulting services $ 7,560,320 $ 3,878,233 Fees from online services 933,665 1,602,602 Total revenues $ 8,493,985 $ 5,480,835 Costs of Services Costs of services consist of direct costs that we pay to third parties to provide the services that generate revenue. Earnings Per Share Basic net income per share is computed by dividing net income available to common stockholders by the weighted average number of vested, unrestricted common shares outstanding during the period. Diluted net income per share is computed based on the weighted average number of shares of common stock outstanding plus the effect of dilutive potential common shares outstanding during the period using the if-converted method. 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 2023 and 2022. 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 $ 91,955 136,955 Notes Receivable The Company lends money to companies in limited instances, performs ongoing credit evaluations of its notes receivable and establishes an allowance for potential credit losses when appropriate. Intangible Assets Intangible assets with defined useful lives are generally measured at cost less straight-line amortization. The useful life is determined using the period of the underlying contract or the period of time over which the intangible asset can be expected to be used. Impairments are recognized if the recoverable amount of the asset is lower than the carrying amount. The recoverable amount is the higher of either the fair value less costs to sell or the value in use. The value in use is determined on the basis of future cash inflows and outflows, and the weighted average cost of capital. Intangible assets with indefinite useful lives, such as trade names and trademarks, that have been acquired as part of acquisitions are measured at cost and tested for impairment annually, or if there is an indication that their value has declined. Impairment of Long-Lived Assets Authoritative guidance requires that certain assets be reviewed for impairment and, if impaired, remeasured at fair value whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Impairment loss estimates are primarily based upon management’s analysis and review of the carrying value of long-lived assets at each balance sheet date, utilizing an undiscounted future cash flow calculation. The Company did not recognize an impairment loss in fiscal 2023 and 2022. 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 Consolidated 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 calculation of stock-based compensation for the stock options. 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. Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments-Credit Losses 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	12 Months Ended
	Apr. 30, 2023
Risks and Uncertainties [Abstract]
Concentrations	2. Concentrations For the year ended April 30, 2023, the Company had one customer that constituted 25% of its revenues, and four customers that each constituted 14% of its revenues. For the year ended April 30, 2022, the Company had one customer that constituted 22% of its revenues, a second customer that constituted 22% of its revenues, and a third customer that constituted 18% of its revenues.

Debt

Debt	12 Months Ended
	Apr. 30, 2023
Debt Disclosure [Abstract]
Debt	3. Debt The following table summarizes components debt as of April 30, 2023 and 2022: Schedule of Debt 2023 2022 Interest Rate Secured lender $ 350,000 $ 1,400,000 8.0% – 12.0 % Notes payable – related parties 15,000 22,860 0.0 % Convertible promissory notes — 300,000 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 10.0 % Total debt 2,785,124 4,142,984 Less: current portion of long-term debt 2,285,124 3,647,911 Total long-term debt $ 500,000 $ 495,073 As of April 30, 2023 and 2022, the Company owed its principal lender (“Lender”) $350,000 and $1,400,000, respectively, under a loan and security agreement (“Loan”) dated April 28, 2011, that was amended on July 26, 2014 and several times thereafter to extend the maturity date to October 31, 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 the Lender a continuing security interest and first lien on all of the assets of the Company. As of April 30, 2023 and 2022, the Company’s related-party unsecured notes payable totaled $15,000 and $22,860, respectively. As of April 30, 2023 and 2022, the company owed $0 and $300,000 in convertible notes payable. On July 14, 2022, the Company issued 93,432 shares of common stock valued at $266,272 to retire the $300,000 in convertible promissory notes plus accrued interest of $10,192. The Company also owes $34,324 as of April 30, 2023 and 2022 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 10.0% per annum as of April 30, 2023. 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 a U.S. Small Business Administration (“SBA”) loan program. The May loan bore interest at a rate of 1% per annum and the SBA postponed any installment payments until September 6, 2021. In November 2021 the May Loan was forgiven in its entirety, including accrued interest of $18,502. As a result, the Company recognized debt forgiveness of $1,904,296 in the year ended April 30, 2022. The June Loan required installment payments of $2,594 monthly, beginning on June 17, 2021, over a term of thirty years. However, the SBA postponed the first installment payment for 18 months and the first payment became due on December 17, 2022. The monthly payments of $2,594 are first applied to accrued interest payable. The monthly payments will not be applied to any of the outstanding principal balance until August of 2026. Consequently, the entire loan balance of $500,000 is classified as a long term liability. 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 February loan bears interest at a rate of 1% per annum and the due date of the first payment has been postposed by the SBA because the Company has applied for forgiveness of the February Loan in its entirety. As of April 30, 2023, future payments under debt obligations over each of the next five years and thereafter were as follows: Schedule of future payments under debt obligations Twelve months ended April 30: 2024 $ 2,285,124 2025 — 2026 — 2027 9,837 2028 13,971 Thereafter 476,192 Minimum future payments of principal $ 2,785,124

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Apr. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	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. Cash and cash equivalents, accounts receivable, and accounts payable In general, carrying amounts approximate fair value because of the short maturity of these instruments. 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, 2023 and 2022: Schedule of Financial assets measured at fair value on a recurring basis Level 1 Level 2 Level 3 Total April 30, 2023 Equity securities at fair value $ — $ 22,955,445 $ — $ 22,955,445 April 30, 2022 Equity securities at fair value $ — $ 12,861,253 $ — $ 12,861,253 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	12 Months Ended
	Apr. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	5. Income Taxes 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, 2023 and 2022 were as follows: Schedule of Income Taxes 2023 2022 Deferred tax assets, net: Net operating loss carryforwards $ — $ 322,000 Bad debt allowance 27,000 40,000 Stock-based compensation 433,000 357,000 Deferred tax assets 460,000 719,000 Deferred tax liability Unrealized gain 2,117,000 1,696,000 Total deferred tax liability 2,117,000 1,696,000 Total net deferred tax assets (liabilities) $ (1,657,000 ) $ (977,000 ) For fiscal 2023, our income tax expense was $ 854,000 For fiscal 2022, our income tax expense was $ 544,000 The Company did not have any material unrecognized tax benefits as of April 30, 2023 and 2022. 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, 2023 and 2022. 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, 2020 through 2023.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Apr. 30, 2023
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 virtual office space in Boston, Massachusetts, at a cost of approximately $5,700 per month under a membership agreement that ends on September 30, 2023. 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 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 2023. 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	12 Months Ended
	Apr. 30, 2023
Equity [Abstract]
Stockholders’ Equity	7. Stockholders’ Equity The Company is authorized to issue 900,000,000 shares of its common stock, par value $0.001. As of April 30, 2023 and 2022, there were 6,440,527 and 2,934,344 shares outstanding, respectively. In fiscal 2022, 57,186 shares of common stock were issued for stock-based compensation, 361,736 shares of common stock were issued to settle related party liabilities in conjunction with the purchase Netcapital Funding Portal Inc., 199,156 shares of common stock were sold in a private placement to accredited investors at a price of $9 per share, 50,000 shares of common stock were issued to purchase MSG Development Corp. and 87,500 shares were issued in conjunction with the purchase of a 10% interest in Caesar Media Group Inc. On January 27, 2022, the Company filed a Form S-8 registration statement for securities to be offered in employee benefit plans, to register 300,000 shares of common stock from the Company’s 2021 Equity Incentive Plan. On February 2, 2022, the Company granted an aggregate of 272,000 options to purchase shares of common stock of the company at a price of $10.50 per share. The options were granted to employees, consultants, and members of the board of directors. The options vest monthly on a straight-line basis over a 4-year period and expire in 10 years. As of April 30, 2023 and 2022, 252,000 and 271,000 options, respectively, were outstanding. During the quarter ended July 31, 2022, the Company issued 39,901 shares of common stock with a value of $113,714 to settle a related party payable of $294,054. The Company also issued 93,432 shares of common stock valued at $266,272 to retire $300,000 of convertible promissory notes plus accrued interest of $10,192. The convertible note holders also received warrants to purchase shares of common stock at a per share exercise price of $5.19, that are exercisable immediately, and expire five years from the date of issuance. These equity issuances resulted in a gain from the conversion of debt totaling $224,260, which is recorded as other income in the income statement. On July 15, 2022, the Company completed an underwritten public offering of 1,205,000 shares of the Company’s common stock and warrants to purchase 1,205,000 shares of the Company’s common stock at a combined public offering price of $4.15 per share and warrant. The gross proceeds from the offering were $5,000,750 prior to deducting underwriting discounts, commissions, and other offering expenses, which resulted in net proceeds of $3,949,117. The warrants have a per share exercise price of $5.19, are exercisable immediately, and expire five years from the date of issuance. In addition, the Company granted the underwriter a 45-day option to purchase up to an additional 180,750 shares of common stock and/or up to 180,750 additional warrants to cover over-allotments, if any. In connection with the closing of the offering, the underwriter partially exercised its over-allotment option and purchased an additional 111,300 warrants, and the Company issued an aggregate of warrants to purchase 60,250 shares of our common stock to the underwriter and its designees. On December 16, 2022 the Company completed an underwritten public offering of 1,247,000 shares of the Company’s common stock, at a price to the public of $1.40 per share. Pursuant to the terms of an underwriting agreement, the Company also granted the underwriters a 45-day option to purchase up to an additional 187,000 shares of common stock solely to cover over-allotments, at the same price per share of $1.40, less the underwriting discounts and commissions. In conjunction with this offering, the Company issued the underwriter and its designees warrants to purchase 62,350 shares of our common stock at an exercise price of $1.75. The underwriters exercised their over-allotment option and on January 5, 2023, the Company issued an additional 187,000 shares of its common stock. The Company received net proceeds of $1,621,459 for the issuance of a total of 1,434,000 shares of common stock for both the initial and over-allotment offering. In conjunction with the exercise of the over-allotment, the Company issued the underwriter and its designees warrants to purchase 9,350 shares of our common stock with an exercise price of $1.75. The Securities were offered, issued and sold to the public pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-267921) previously filed with the Securities and Exchange Commission (the “Commission”) on October 18, 2022 and declared effective by the Commission on October 26, 2022 and related prospectus supplements dated December 13, 2022, as amended on December 16, 2022. The following tables summarize information about warrants outstanding as of April 30, 2023 and 2022: Schedule of warrants outstanding Warrants Outstanding Warrants Exercisable Weighted- Average Weighted- Weighted- Range of Remaining Average Average Exercise Number Contractual Exercise Number Exercise Prices Outstanding Life (Years) Price Outstanding Price As of April 30, 2023 $ 1.75 - $5.19 1,541,682 4.25 $ 5.03 1,469,982 $ 5.19 As of April 30, 2022 — — — $ — — $ — Schedule of Warrants activity Number of Exercise Price Average Outstanding May 1, 2021 — — $ — Issued during year ended April 30, 2022 — — $ — Exercised/canceled during year ended April 30, 2022 — — $ — Outstanding April 30, 2022 — — $ — Issued during year ended April 30, 2023 1,541,682 $ 1.75 5.19 $ 5.03 Exercised/canceled during year ended April 30, 2023 — — $ — Warrants outstanding April 30, 2023 1,541,682 $ $ 1.75 5.19 $ 5.03 Warrants exercisable, April 30, 2023 1,469,982 $ 5.19 $ 5.19 As a result of the two offerings, the company has warrants outstanding, with a five-year term, to purchase a total of 1,469,982 shares of its common stock at an exercise price of $5.19 and 71,700 shares of its common stock at an exercise price of $1.75. The warrants issued to the underwriter’s representatives and to the underwriter were not part of a unit, consisting of one share of common stock and one warrant and are valued based upon unadjusted quoted prices on the Nasdaq market. During the year ended April 30, 2023, in addition to the public offerings, the Company issued 75,000 shares of common stock, valued at $732,751, in conjunction with the purchase of a 10% equity stake in Caesar Media Group, Inc., 300,000 shares of common stock, valued at $435,000 to purchase the website and intellectual property of a real-time video conferencing website, 2,600 shares of common stock in conjunction with a stock subscription agreement with accredited investors, valued at $23,400, and 6,250 shares of common stock in conjunction with an acquisition agreement that requires shares to be issued by the Company. As a result of this issuance, the value of the balance sheet account for shares to be issued decreased by $61,063 to $183,187 as of April 30, 2023, from a balance of $244,250 as of April 30, 2022. On January 5, 2023, the Company filed a Current Report on Form 8-K and announced the formation of the Netcapital Inc. 2023 Omnibus Equity Incentive Plan (the “Plan”), which has subsequently been approved by a vote of the shareholders. The purposes of the Plan are to (i) provide an additional incentive to selected employees, directors, and independent contractors of the Company or its affiliates whose contributions are essential to the growth and success of the Company, (ii) strengthen the commitment of such individuals to the Company and its affiliates, (iii) motivate those individuals to faithfully and diligently perform their responsibilities and (iv) attract and retain competent and dedicated individuals whose efforts will result in the long-term growth and profitability of the Company. In conjunction with these purposes, the Company granted stock options to four individuals to purchase an aggregate of 1,600,000 of the Company’s common stock at a price of $1.43 per share. See Note 9. The Company also granted 350,000 stock options under the Plan to employees, consultants, and directors on April 25, 2023 at an exercise price of $1.40 per share. All stock options in the Plan vest monthly on a straight-line basis over a 4-year period and expire in 10 years. For the years ended April 30, 2023 and 2022, the Company recorded $269,577 and $1,176,058, respectively, in stock-based compensation expense. As of April 30, 2023 and 2022, there was $552,329 and $0 of prepaid stock-based compensation expense. The prepaid balance of $552,329 is the result of the issuance of 350,000 shares of common stock to a third-party business consultant. The table below presents the components of stock-based compensation expense for the years ended April 30, 2023 and 2022. Schedule of stock-based compensation expense Description April 30, 2023 April 30, 2022 Chief Executive Officer, Netcapital Inc. $ 81,309 $ — Chief Financial Officer 25,927 40,608 Chief Executive Officer, Netcapital Advisors Inc. 4,833 40,608 Founder 25,927 — Chief Marketing Officer — 109,547 Related party consultant — 25,908 Marketing consultant — 5,603 Marketing consultant — 380,441 Marketing consultant — 118,405 Business consultant — 25,908 Company secretary and director — 100,000 Business development manager — 300,000 Employee and director stock options 131,581 29,030 Total $ 269,577 $ 1,176,058 The table below presents the number of shares issued as compensation for the years ended April 30, 2023 and 2022: Year Ended Year Ended Description April 30, 2023 April 30, 2022 Company secretary and director — 10,000 Business development manager — 30,000 Chief Marketing Officer — 10,417 Business consultants 350,000 469 Total 350,000 50,886 The following tables summarize information about stock options outstanding as of April 30, 2023 and 2022: Schedule of stock options outstanding Options Outstanding Options Exercisable Weighted- Average Weighted- Weighted- Range of Remaining Average Average Exercise Number Contractual Exercise Number Exercise Prices Outstanding Life (Years) Price Outstanding Price As of April 30, 2023 $1.40 - $10.50 2,202,000 9.63 $ 2.46 294,333 $ 3.69 As of April 30, 2022 $10.50 - $10.50 271,000 9.79 $ 10.50 16,945 $ 10.50 Schedule of stock options activity Number of Exercise Price Average Outstanding April 30, 2021 — — $ — Issued during year ended April 30, 2022 272,000 $ 10.50 10.50 $ 10.50 Exercised/canceled during year ended April 30, 2022 1,000 $ 10.50 10.50 $ 10.50 Options outstanding April 30, 2022 271,000 $ 10.50 10.50 $ 10.50 Issued during year ended April 30, 2023 1,950,000 $ 1.40 1.43 $ 1.42 Exercised/canceled during year ended April 30, 2023 (19,000 ) $ 10.50 10.50 $ 10.50 Options outstanding April 30, 2023 2,202,000 $ 1.40 10.50 $ 2.46 Options exercisable, April 30, 2023 294,333 $ 1.40 10.50 $ 3.69

Earnings Per Common Share

Earnings Per Common Share	12 Months Ended
	Apr. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Common Share	8. Earnings Per Common Share Earnings per common share data was computed as follows: Schedule of earnings per share 2023 2022 Net income $ 2,954,972 $ 3,503,530 Weighted average common shares outstanding 4,677,214 2,666,173 Effect of dilutive securities 250 82,307 Weighted average dilutive common shares outstanding 4,677,464 2,748,480 Earnings per common share – basic $ 0.63 $ 1.31 Earnings per common share – diluted $ 0.63 $ 1.27 Basic net income per share is computed by dividing net income available to common stockholders by the weighted average number of vested, unrestricted common shares outstanding during the period. Diluted net income per share is computed based on the weighted average number of shares of common stock outstanding plus the effect of dilutive potential common shares outstanding during the period using the if-converted method. Dilutive potential common shares include 250 shares and 82,307 shares, respectively for the years ended April 30, 2023 and 2022. As of April 30, 2022, 39,901 shares were issuable to satisfy a supplemental consideration liability, in addition to $300,000 in convertible promissory notes plus $5,326 in accrued interest payable that could convert, at a price per share of $7.20, into 42,406 shares of common stock. Outstanding stock options, totaling 2,202,000 271,000 1,469,982 0

Related Party Transactions

Related Party Transactions	12 Months Ended
	Apr. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	9. Related Party Transactions The Company’s largest shareholder, Netcapital Systems LLC (“Systems”), owns 1,711,261 shares of common stock, or 26.6% of the Company’s 6,440,527 outstanding shares as of April 30, 2023. As of April 30, 2022, the Company accrued a payable to Systems of $294,054 for supplemental consideration owed in conjunction with its purchase of Netcapital Funding Portal Inc., which was paid in full on July 14, 2022, with the issuance to Systems of 39,901 shares of the Company’s common stock. The Company provided professional services to Systems in the years ended April 30, 2023 and 2022 and recorded revenue of $4,660 and $15,000, respectively, for those services. In total, the Company owed Systems $0 and $294,054 as of April 30, 2023 and 2022, respectively. The company paid Systems $430,000 and $357,429 in the years ended April 30, 2023 and 2022, respectively, for use of the software that runs the website www.netcapital.com. The Chief Executive Officer of our wholly owned subsidiary, Netcapital Advisors Inc., is a member of the board of directors of KingsCrowd Inc. The Company sold 606,060 shares of KingsCrowd in June 2022 for proceeds of $200,000 and recorded a realized loss on the sale of the investment of $406,060. As of April 30, 2023 and 2022, the Company owned 3,209,685 and 3,815,745 shares of KingsCrowd Inc., valued at $3,209,685 and $3,815,745, respectively. The Chief Executive Officer of our wholly owned subsidiary, Netcapital Advisors Inc. is a member of the board of directors of Deuce Drone LLC. As of April 30, 2023 and 2022, the Company owned 2,350,000 membership interest units of Deuce Drone LLC., valued at $2,350,000. The Company has notes receivable aggregating $152,000 from Deuce Drone LLC as of April 30, 2023 and 2022. Compensation expense to officers in the years ended April 30, 2023 and 2022 consisted of common stock valued at $0 and $190,763, respectively, cash compensation of $598,077 and $265,688, respectively, and options to purchase common stock valued at $137,994 and $3,147, respectively. Compensation to a related party consultant in the years ended April 30, 2023 and 2022 consisted of common stock valued at $0 and $25,908, respectively, and cash compensation of $60,039 and $60,000, respectively. This consultant is also the controlling shareholder of Zelgor Inc., and the Company earned revenues from Zelgor Inc. of $66,000 and $5,500 in the years ended April 30, 2023 and 2022. The Company owns 1,400,000 shares of Zelgor Inc., valued at $1,400,000 and holds a note receivable of $50,000 as of April 30, 2023. Cash compensation to the President of Netcapital Systems LLC amounted to $184,808 and $96,000, and stock-based compensation amounted to $25,927 and $0, in the years ended April 30, 2023 and 2022, respectively. We owe Steven Geary, a director, $31,680 as of April 30, 2023 and 2022. 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 $240,080 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 19% owner of 6A Aviation Consortium Inc. In November 2021, we issued a member of our Board 10,000 shares of common stock for his service as a member of our board and audit committee, valued at $100,000. On February 2, 2022, the Company granted members of our board of directors an aggregate of 25,000 options to purchase shares of our common stock at an exercise price of $10.50 per share. An option to purchase 10,000 shares of common stock was granted to the Chief Executive Officer of Netcapital Advisors Inc., who is also a director, and each of the three independent board members received an option to purchase 5,000 shares of common stock. The options vest on a straight-line basis over 48 months and expire in 10 years. On April 25, 2023, the Company also granted the same four members of our board of directors an aggregate of 80,000 options, or 20,000 for each board member, to purchase shares of our common stock at an exercise price of $1.40 per share. The options vest monthly on a straight-line basis over a 4-year period and expire in 10 years. In January 2023 we granted stock options to purchase an aggregate of 1,600,000 shares of our common stock to four related parties as follows: Our Chief Executive Officer, 1,000,000 shares; our Chief Financial Officer, 200,000 shares; our Founder, 200,000 shares; and a director of one of our subsidiaries, 200,000 shares. The options have an exercise price of $1.43, vest monthly on a straight-line basis over a 4-year period and expire in 10 years. Coreen Kraysler, our Chief Financial Officer, has personally guaranteed a $500,000 promissory note from the U.S. Small Business Administration. The note bears interest at an annual rate of 3.75%, has a 30-year term, and monthly payments of $2,594 began on December 17, 2022.

Investments

Investments	12 Months Ended
	Apr. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Investments	10. Investments In April 2023, the Company received 2,853,659 units of HeadFarm LLC as a payment for services rendered in conjunction with a crowdfunding offering. The units are valued at $0.41 per unit based on a sales price of $0.41 per unit on an online funding portal. The receipt of the units satisfied an accounts receivable balance of $1,170,000. As of April 30, 2023, the Company owned 2,856,659 units which are valued at $1,170,000. In April 2023, the Company received 2,853,659 units of CupCrew LLC as a payment for services rendered in conjunction with a crowdfunding offering. The units are valued at $0.41 per unit based on a sales price of $0.41 per unit on an online funding portal. The receipt of the units satisfied an accounts receivable balance of $1,170,000. As of April 30, 2023, the Company owned 2,856,659 units which are valued at $1,170,000. In April 2023, the Company received 2,853,659 units of CountSharp LLC as a payment for services rendered in conjunction with a crowdfunding offering. The units are valued at $0.41 per unit based on a sales price of $0.41 per unit on an online funding portal. The receipt of the units satisfied an accounts receivable balance of $1,170,000. As of April 30, 2023, the Company owned 2,856,659 units which are valued at $1,170,000. In January 2023, the Company received 2,100,000 units of Dark LLC as a payment for services rendered in conjunction with a crowdfunding offering. The units are valued at $1.00 per unit based on a sales price of $1.00 per unit on an online funding portal. The receipt of the units satisfied an accounts receivable balance of $2,100,000. As of April 30, 2023, the Company owned 2,100,000 units which are valued at $2,100,000. In August 2022, the Company received 1,911,765 units of NetWire LLC as a payment for services rendered in conjunction with a crowdfunding offering. The units are valued at $0.68 per unit based on a sales price of $0.68 per unit on an online funding portal. The receipt of the units satisfied an accounts receivable balance of $1,300,000. As of April 30, 2023, the Company owned 1,911,765 units which are valued at $1,300,000. In May 2022, the Company received 1,764,706 units of Reper LLC as a payment for services rendered in conjunction with a crowdfunding offering. The units are valued at $0.68 per unit based on a sales price of $0.68 per unit on an online funding portal. The receipt of the units satisfied an accounts receivable balance of $1,200,000. As of April 30, 2023, the Company owned 1,764,706 units which are valued at $1,200,000. In April 2022, the Company received 3,000,000 units of Cust Corp. as a payment for services rendered in conjunction with a crowdfunding offering. The units are valued at $0.40 per unit based on a sales price of $0.40 per unit on an online funding portal. The receipt of the units satisfied an accounts receivable balance of $1,200,000. As of April 30, 2023 and 2022, the Company owned 3,000,000 units which are valued at $1,200,000. In January 2022, the Company received 1,700,000 units of ScanHash LLC as a payment for services rendered in conjunction with a crowdfunding offering. The units are valued at $0.25 per unit based on a sales price of $0.25 per unit on an online funding portal. The receipt of the units satisfied $425,000 of an accounts receivable balance. As of April 30, 2023 and 2022, the Company owned 1,700,000 units which are valued at $425,000. In January 2022, the Company received 2,850,000 units of Hiveskill LLC as payment for services rendered in conjunction with a crowdfunding offering. The units are valued at $0.25 per unit based on a sales price of $0.25 per unit on an online funding portal. The receipt of the units satisfied an accounts receivable balance of $712,500. As of April 30, 2023 and 2022, the Company owned 2,850,000 units which are valued at $712,500. In fiscal 2022, the Company purchased a 10% interest, or 400 shares of common stock, in Caesar Media Group Inc. (“Caesar”) for an initial purchase price of 50,000 shares of the Company’s common stock, valued at $500,000. Caesar is a marketing and technology solutions provider. The purchase agreement includes additional contractual requirements for the Company and Caesar, including the issuance of an additional 150,000 shares of common stock of the Company over a two-year period. The Company issued 37,500 shares of its common stock in April 2022, 25,000 shares of its common stock in September 2022, 12,500 shares of its common stock in October 2022, 18,750 shares of its common stock in January 2023 and 18,750 shares of its common stock in April 2023, as part of its contractual payment obligations. As of April 30, 2023 and 2022, there have been no observable price changes in the value of Caesar’s common stock and the Company has valued its ownership in Caesar at cost, which amounted to $1,632,751 and $900,000 as of April 30, 2023 and 2022, respectively. 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 was payable in CRT units. As of April 30, 2023 and 2022, the Company owned 5,000 units, at a value of $50,000. In May 2020, the Company entered a consulting contract with MustWatch LLC (“MW”), which allowed the Company to receive 110,000 membership interest units of MW in return for services rendered in conjunction with a crowdfunding offering. The Company earned 97,500 membership interest units in the quarter ended July 31, 2020, valued at $2.14 per unit, or $235,400. As of April 30, 2023, the MW units are valued at $4 per unit based on a sales price of $4 per unit on an online funding portal. As of April 30, 2023 and 2022, the Company owned 110,000 MW units, which are valued at $440,000 and $235,400, respectively. The $204,600 increase in value of the MW units owned by the Company is recorded as an unrealized gain in the year ended April 30, 2023. In May 2020, the Company entered into a consulting contract with ChipBrain LLC (“Chip”), which allowed the Company to receive 710,200 membership interest units of Chip in return for services rendered in conjunction with a crowdfunding offering. 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. Subsequently, Chip sold identical units for $4.74 per unit, and as of April 30, 2023 and April 30, 2022, the 710,200 units owned by the Company are valued at $3,366,348 and $1,704,480, respectively. The $1,661,868 increase in value of the Chip units owned by the Company was recorded as an unrealized gain in the year ended April 30, 2023. In May 2020, the Company entered a consulting contract with a related party, Zelgor Inc. (“Zelgor”), which allowed the Company to receive 1,400,000 shares of common stock of Zelgor in return for services rendered in conjunction with a crowdfunding offering. 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. As of April 30, 2023 and 2022, the Company owned 1,400,000 shares which are valued at $1,400,000. 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 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 April 30, 2023 and 2022, 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 services rendered in conjunction with a crowdfunding offering. 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 and sold shares at $1.00 per share. In connection with the conversion to a corporation, each membership interest unit converted into 12.71915 shares of common stock, and the Company recorded an unrealized gain of $3,275,745 for the year ended April 30, 2022. The Company sold 606,060 shares of KingsCrowd in June 2022 for proceeds of $200,000 and recorded a realized loss on the sale of the investment of $406,060. KingsCrowd filed a post qualification offering circular amendment on July 21, 2022 and continued to sell shares of stock to the public for $1.00 per share. As of April 30, 2023 and 2022, the Company owned 3,209,685 and 3,815,745 shares of KingsCrowd, valued at $3,209,685 and $3,815,745, respectively. During fiscal 2019, the Company entered into a consulting contract with Netcapital Systems LLC, a related party, and earned membership interest units. As of April 30, 2023 and 2022, the Company owned 528 units, at a value of $48,128. In July 2020 the Company entered into a consulting agreement with Vymedic, Inc. for a $40,000 fee over a 5-month period. Half the fee was payable in stock and half was payable in cash. As of The following table summarizes the components of equity securities as of April 30, 2023 and 2022: Schedule of investments April 30, 2023 April 30, 2022 Netcapital Systems LLC $ 48,128 $ 48,128 Watch Party LLC 440,000 235,400 Zelgor Inc. 1,400,000 1,400,000 ChipBrain LLC 3,366,348 1,704,480 Vymedic Inc. 11,032 20,000 C-Reveal Therapeutics LLC 50,000 50,000 Deuce Drone LLC 2,350,000 2,350,000 Hiveskill LLC 712,500 712,500 ScanHash LLC 425,000 425,000 Caesar Media Group Inc. 1,632,751 900,000 Cust Corp. 1,200,000 1,200,000 Kingscrowd Inc. 3,209,685 3,815,745 Reper LLC 1,200,000 — Dark LLC 2,100,000 — Netwire LLC 1,300,000 — CountSharp LLC 1,170,000 — CupCrew LLC 1,170,000 — HeadFarm LLC 1,170,000 — Total $ 22,955,444 $ 12,861,253 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. No impairment expense was recognized in the years ended April 30, 2023 and 2022. In fiscal 2023, there were observable price changes in three securities, ChipBrain LLC, MustWatch LLC and Vymedic Inc. The result of these price changes was an increase in the fair value of the equity securities totaling $ 1,857,500 In fiscal 2022, the Company identified that 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 fiscal year ended April 30, 2022, which was recorded in the income statement as an unrealized gain on equity securities.

Intangible Assets

Intangible Assets	12 Months Ended
	Apr. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	11. Intangible Assets Intangible assets with defined useful lives are generally measured at cost less straight-line amortization. The useful life is determined using the period of the underlying contract or the period of time over which the intangible asset can be expected to be used. Impairments are recognized if the recoverable amount of the asset is lower than the carrying amount. The recoverable amount is the higher of either the fair value less costs to sell or the value in use. The value in use is determined on the basis of future cash inflows and outflows, and the weighted average cost of capital. Intangible assets with indefinite useful lives, such as trade names and trademarks, that have been acquired as part of acquisitions are measured at cost and tested for impairment annually, or if there is an indication that their value has declined. In December 2022, the Company purchased the website, intellectual property, source code and domain names of 1ON1.FANS and ONEONONE.FANS (the “Assets”). Pursuant to the guidance of Topic 805, it was determined that the purchase of the Assets did not meet the definition of a business and the asset purchase was accounted for as an asset acquisition. The fair value of the consideration, consisting of 300,000 shares of the Company’s common stock, valued at $435,000, was attributed to a single asset and is classified as acquired intellectual property and website. The following table sets forth the major categories of the intangible assets as of April 30, 2023 and 2022 Schedule of intangible assets April 30, 2023 April 30, 2022 Acquired users $ 14,288,695 $ 14,288,695 Acquired brand 583,429 583,429 Acquired intellectual property and website 435,000 — Professional practice 556,830 556,830 Literary works and contracts 107,750 107,750 Total intangible assets $ 15,971,704 $ 15,536,704 As of April 30, 2023, the weighted average remaining useful life for technology, trade names, professional practice, literary works and domains is 14.16 years. Accumulated amortization amounted to $ 96,407 15,875,297

Subsequent Events

Subsequent Events	12 Months Ended
	Apr. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent Events The Company evaluated subsequent events through the date these financial statements were available to be issued. On May 23, 2023the Company entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors, pursuant to which the Company agreed to issue and sell to such investors, in a registered direct offering (the “Offering”), 1,100,000 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at a price of $1.55 per Share, for aggregate gross proceeds of $1,705,000, before deducting the placement agent’s fees and other offering expenses payable by the Company. The Offering closed on May 25, 2023. The Shares were offered and issued and sold pursuant to the Company’s shelf registration statement on Form S-3 (File 333-267921) (the “Shelf Registration Statement”), filed by the Company with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Securities Act”), on October 18, 2022 and declared effective on October 26, 2022. Also in connection with the Offering, on May 23, 2023, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with ThinkEquity LLC (the “Placement Agent”), pursuant to which (i) the Placement Agent agreed to act as placement agent on a “best efforts” basis in connection with the Offering, (ii) the Company agreed to pay the Placement Agent an aggregate fee equal to 8.0% of the gross proceeds raised in the Offering, and to reimburse the Placement Agent for certain expenses, and (iii) the Company agreed to issue to the Placement Agent warrants to purchase up to 55,000 shares of common stock at an exercise price of $1.94 (the “Placement Agent Warrants”), which were issued on May 25, 2023. The Placement Agent Warrants (and the shares of Common Stock issuable upon the exercise of the Placement Agent Warrants) were not registered under the Securities Act and were offered pursuant to an exemption from the registration requirements of the Securities Act provided in Section 4(a)(2) of the Securities Act and Rule 506(b) promulgated thereunder. The Placement Agency Agreement and the Purchase Agreement contain customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company, the Placement Agent, or the investors, as the case may be, other obligations of the parties and termination provisions. In conjunction with the above noted Offering, the Company paid off its secured lender, Vaxstar LLC, $350,000 in principal plus accrued interest of $17,167.23 to retire all outstanding obligations to Vaxstar LLC. In July 2023, the Company issued 49,855 shares of its common stock in consideration of a release from an unrelated third party in conjunction with the settlement of an outstanding debt between such third party and Netcapital Systems LLC. On July 24, 2023 the Company completed an underwritten public offering of 1,725,000 shares of the Company’s common stock, at a price to the public of $0.70 per share for aggregate gross proceeds of $1,207,500, before deducting underwriting discounts and offering expenses payable by the Company. In conjunction with this offering, the Company issued the underwriter, and its designees, warrants to purchase 86,250 shares of our common stock at an exercise price of $0.875.

Description of Business and S_2

Description of Business and Summary of Accounting Principles (Policies)	12 Months Ended
	Apr. 30, 2023
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 the 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 MSG Development Corp, which was acquired in November 2021, and provides business valuation services.
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, 2023 and 2022, which amounted to $8,493,985 and $5,480,835, respectively, are considered contract revenues. Contract revenue as of April 30, 2023 and 2022, which has not yet been recognized, amounted to $661 and $2,532, 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.
Disaggregation of Revenue	Disaggregation of Revenue Our revenue is from U.S.-based companies with no notable geographical concentrations in any area. A distinction exists in revenue source; our revenues are either generated online or from personal services. Revenues disaggregated by revenue source consist of the following: Schedule of Disaggregation of Revenue Year Ended April 30, 2023 Year Ended April 30, 2022 Consulting services $ 7,560,320 $ 3,878,233 Fees from online services 933,665 1,602,602 Total revenues $ 8,493,985 $ 5,480,835
Costs of Services	Costs of Services Costs of services consist of direct costs that we pay to third parties to provide the services that generate revenue.
Earnings Per Share	Earnings Per Share Basic net income per share is computed by dividing net income available to common stockholders by the weighted average number of vested, unrestricted common shares outstanding during the period. Diluted net income per share is computed based on the weighted average number of shares of common stock outstanding plus the effect of dilutive potential common shares outstanding during the period using the if-converted method.
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 2023 and 2022. 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 $ 91,955 136,955
Notes Receivable	Notes Receivable The Company lends money to companies in limited instances, performs ongoing credit evaluations of its notes receivable and establishes an allowance for potential credit losses when appropriate.
Intangible Assets	Intangible Assets Intangible assets with defined useful lives are generally measured at cost less straight-line amortization. The useful life is determined using the period of the underlying contract or the period of time over which the intangible asset can be expected to be used. Impairments are recognized if the recoverable amount of the asset is lower than the carrying amount. The recoverable amount is the higher of either the fair value less costs to sell or the value in use. The value in use is determined on the basis of future cash inflows and outflows, and the weighted average cost of capital. Intangible assets with indefinite useful lives, such as trade names and trademarks, that have been acquired as part of acquisitions are measured at cost and tested for impairment annually, or if there is an indication that their value has declined.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Authoritative guidance requires that certain assets be reviewed for impairment and, if impaired, remeasured at fair value whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Impairment loss estimates are primarily based upon management’s analysis and review of the carrying value of long-lived assets at each balance sheet date, utilizing an undiscounted future cash flow calculation. The Company did not recognize an impairment loss in fiscal 2023 and 2022.
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 Consolidated 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 calculation of stock-based compensation for the stock options. 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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments-Credit Losses 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.

Description of Business and S_3

Description of Business and Summary of Accounting Principles (Tables)	12 Months Ended
	Apr. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Disaggregation of Revenue	Schedule of Disaggregation of Revenue Year Ended April 30, 2023 Year Ended April 30, 2022 Consulting services $ 7,560,320 $ 3,878,233 Fees from online services 933,665 1,602,602 Total revenues $ 8,493,985 $ 5,480,835

Debt (Tables)

Debt (Tables)	12 Months Ended
	Apr. 30, 2023
Debt Disclosure [Abstract]
Schedule of Debt	Schedule of Debt 2023 2022 Interest Rate Secured lender $ 350,000 $ 1,400,000 8.0% – 12.0 % Notes payable – related parties 15,000 22,860 0.0 % Convertible promissory notes — 300,000 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 10.0 % Total debt 2,785,124 4,142,984 Less: current portion of long-term debt 2,285,124 3,647,911 Total long-term debt $ 500,000 $ 495,073
Schedule of future payments under debt obligations	Schedule of future payments under debt obligations Twelve months ended April 30: 2024 $ 2,285,124 2025 — 2026 — 2027 9,837 2028 13,971 Thereafter 476,192 Minimum future payments of principal $ 2,785,124

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Apr. 30, 2023
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, 2023 Equity securities at fair value $ — $ 22,955,445 $ — $ 22,955,445 April 30, 2022 Equity securities at fair value $ — $ 12,861,253 $ — $ 12,861,253

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Apr. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Income Taxes	Schedule of Income Taxes 2023 2022 Deferred tax assets, net: Net operating loss carryforwards $ — $ 322,000 Bad debt allowance 27,000 40,000 Stock-based compensation 433,000 357,000 Deferred tax assets 460,000 719,000 Deferred tax liability Unrealized gain 2,117,000 1,696,000 Total deferred tax liability 2,117,000 1,696,000 Total net deferred tax assets (liabilities) $ (1,657,000 ) $ (977,000 )

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	12 Months Ended
	Apr. 30, 2023
Equity [Abstract]
Schedule of warrants outstanding	Schedule of warrants outstanding Warrants Outstanding Warrants Exercisable Weighted- Average Weighted- Weighted- Range of Remaining Average Average Exercise Number Contractual Exercise Number Exercise Prices Outstanding Life (Years) Price Outstanding Price As of April 30, 2023 $ 1.75 - $5.19 1,541,682 4.25 $ 5.03 1,469,982 $ 5.19 As of April 30, 2022 — — — $ — — $ —
Schedule of Warrants activity	Schedule of Warrants activity Number of Exercise Price Average Outstanding May 1, 2021 — — $ — Issued during year ended April 30, 2022 — — $ — Exercised/canceled during year ended April 30, 2022 — — $ — Outstanding April 30, 2022 — — $ — Issued during year ended April 30, 2023 1,541,682 $ 1.75 5.19 $ 5.03 Exercised/canceled during year ended April 30, 2023 — — $ — Warrants outstanding April 30, 2023 1,541,682 $ $ 1.75 5.19 $ 5.03 Warrants exercisable, April 30, 2023 1,469,982 $ 5.19 $ 5.19
Schedule of stock-based compensation expense	Schedule of stock-based compensation expense Description April 30, 2023 April 30, 2022 Chief Executive Officer, Netcapital Inc. $ 81,309 $ — Chief Financial Officer 25,927 40,608 Chief Executive Officer, Netcapital Advisors Inc. 4,833 40,608 Founder 25,927 — Chief Marketing Officer — 109,547 Related party consultant — 25,908 Marketing consultant — 5,603 Marketing consultant — 380,441 Marketing consultant — 118,405 Business consultant — 25,908 Company secretary and director — 100,000 Business development manager — 300,000 Employee and director stock options 131,581 29,030 Total $ 269,577 $ 1,176,058 The table below presents the number of shares issued as compensation for the years ended April 30, 2023 and 2022: Year Ended Year Ended Description April 30, 2023 April 30, 2022 Company secretary and director — 10,000 Business development manager — 30,000 Chief Marketing Officer — 10,417 Business consultants 350,000 469 Total 350,000 50,886
Schedule of stock options outstanding	Schedule of stock options outstanding Options Outstanding Options Exercisable Weighted- Average Weighted- Weighted- Range of Remaining Average Average Exercise Number Contractual Exercise Number Exercise Prices Outstanding Life (Years) Price Outstanding Price As of April 30, 2023 $1.40 - $10.50 2,202,000 9.63 $ 2.46 294,333 $ 3.69 As of April 30, 2022 $10.50 - $10.50 271,000 9.79 $ 10.50 16,945 $ 10.50
Schedule of stock options activity	Schedule of stock options activity Number of Exercise Price Average Outstanding April 30, 2021 — — $ — Issued during year ended April 30, 2022 272,000 $ 10.50 10.50 $ 10.50 Exercised/canceled during year ended April 30, 2022 1,000 $ 10.50 10.50 $ 10.50 Options outstanding April 30, 2022 271,000 $ 10.50 10.50 $ 10.50 Issued during year ended April 30, 2023 1,950,000 $ 1.40 1.43 $ 1.42 Exercised/canceled during year ended April 30, 2023 (19,000 ) $ 10.50 10.50 $ 10.50 Options outstanding April 30, 2023 2,202,000 $ 1.40 10.50 $ 2.46 Options exercisable, April 30, 2023 294,333 $ 1.40 10.50 $ 3.69

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	12 Months Ended
	Apr. 30, 2023
Earnings Per Share [Abstract]
Schedule of earnings per share	Schedule of earnings per share 2023 2022 Net income $ 2,954,972 $ 3,503,530 Weighted average common shares outstanding 4,677,214 2,666,173 Effect of dilutive securities 250 82,307 Weighted average dilutive common shares outstanding 4,677,464 2,748,480 Earnings per common share – basic $ 0.63 $ 1.31 Earnings per common share – diluted $ 0.63 $ 1.27

Investments (Tables)

Investments (Tables)	12 Months Ended
	Apr. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of investments	Schedule of investments April 30, 2023 April 30, 2022 Netcapital Systems LLC $ 48,128 $ 48,128 Watch Party LLC 440,000 235,400 Zelgor Inc. 1,400,000 1,400,000 ChipBrain LLC 3,366,348 1,704,480 Vymedic Inc. 11,032 20,000 C-Reveal Therapeutics LLC 50,000 50,000 Deuce Drone LLC 2,350,000 2,350,000 Hiveskill LLC 712,500 712,500 ScanHash LLC 425,000 425,000 Caesar Media Group Inc. 1,632,751 900,000 Cust Corp. 1,200,000 1,200,000 Kingscrowd Inc. 3,209,685 3,815,745 Reper LLC 1,200,000 — Dark LLC 2,100,000 — Netwire LLC 1,300,000 — CountSharp LLC 1,170,000 — CupCrew LLC 1,170,000 — HeadFarm LLC 1,170,000 — Total $ 22,955,444 $ 12,861,253

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Apr. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Schedule of intangible assets April 30, 2023 April 30, 2022 Acquired users $ 14,288,695 $ 14,288,695 Acquired brand 583,429 583,429 Acquired intellectual property and website 435,000 — Professional practice 556,830 556,830 Literary works and contracts 107,750 107,750 Total intangible assets $ 15,971,704 $ 15,536,704

Description of Business and S_4

Description of Business and Summary of Accounting Principles (Details) - USD ($)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Total Revenue	$ 8,493,985	$ 5,480,835
Consulting Services [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Total Revenue	7,560,320	3,878,233
Fees From Online Services [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Total Revenue	$ 933,665	$ 1,602,602

Description of Business and S_5

Description of Business and Summary of Accounting Principles (Details Narrative) - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Allowance for doubtful accounts	$ 91,955	$ 136,955

Debt (Details)

Debt (Details) - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Debt Instrument [Line Items]
Total debt	$ 2,785,124	$ 4,142,984
Less: current portion of long-term debt	2,285,124	3,647,911
Total long-term debt	500,000	495,073
Secured Debt [Member]
Debt Instrument [Line Items]
Total debt	$ 350,000	1,400,000
Debt Instrument, Interest Rate, Effective Percentage	12%
Notes Payable Related Parties [Member]
Debt Instrument [Line Items]
Total debt	$ 15,000	22,860
Debt Instrument, Interest Rate, Effective Percentage	0%
Convertible Promissory Notes [Member]
Debt Instrument [Line Items]
Total debt		300,000
Debt Instrument, Interest Rate, Effective Percentage	8%
U S S B A Loan [Member]
Debt Instrument [Line Items]
Total debt	$ 500,000	500,000
Debt Instrument, Interest Rate, Effective Percentage	3.75%
U S S B A Loan One [Member]
Debt Instrument [Line Items]
Total debt	$ 1,885,800	1,885,800
Debt Instrument, Interest Rate, Effective Percentage	1%
U S S B A Loan Two [Member]
Debt Instrument [Line Items]
Total debt	$ 34,324	$ 34,324
Debt Instrument, Interest Rate, Effective Percentage	10%

Debt (Details 1)

Debt (Details 1)	Apr. 30, 2023 USD ($)
Debt Disclosure [Abstract]
2024	$ 2,285,124
2025
2026
2027	9,837
2028	13,971
Thereafter	476,192
Minimum future payments of principal	$ 2,785,124

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI, Current	$ 22,955,445	$ 12,861,253
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI, Current
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI, Current	22,955,445	12,861,253
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI, Current

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Deferred tax assets, net:
Net operating loss carryforwards		$ 322,000
Bad debt allowance	27,000	40,000
Stock-based compensation	433,000	357,000
Deferred tax assets	460,000	719,000
Deferred tax liability
Unrealized gain	2,117,000	1,696,000
Total deferred tax liability	2,117,000	1,696,000
Total net deferred tax assets (liabilities)	$ (1,657,000)	$ (977,000)

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Income Tax Disclosure [Abstract]
Income tax expense	$ 854,000	$ 544,000

Stockholders Equity (Details)

Stockholders Equity (Details) - $ / shares	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants Outstanding	1,541,682
Weighted Average Remaining Contractual Life	4 years 3 months
Weighted Average Exercise price	$ 5.03
Weighted Average Remaining Contractual Life
Warrants Exercisable [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants Outstanding	1,469,982
Weighted Average Exercise price	$ 5.19

Stockholders Equity (Details 1)

Stockholders Equity (Details 1) - Warrant [Member] - $ / shares	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
[custom:StockOptionExercisePrice-0]
[custom:StockOptionExercisePriceIssued]
[custom:StockOptionExercisePriceExercised]
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures	1,541,682
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 5.03
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	1,541,682
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 5.03
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number	1,469,982
[custom:ExercisePricePerShareExercisable-0]	5.19
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	$ 5.19
Minimum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
[custom:StockOptionExercisePrice-0]	1.75
[custom:StockOptionExercisePriceIssued]	1.75
Maximum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
[custom:StockOptionExercisePrice-0]	5.19
[custom:StockOptionExercisePriceIssued]	$ 5.19

Stockholders Equity (Details 2)

Stockholders Equity (Details 2) - USD ($)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Employee and director stock options	$ 269,577	$ 1,176,058
Total	$ 269,577	$ 1,176,058
Total	350,000	50,886
Chief Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Employee and director stock options	$ 81,309
Chief Financial Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Employee and director stock options	25,927	40,608
Chief Executive Officer Net Captial Advisors [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Employee and director stock options	4,833	40,608
Founder [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Employee and director stock options	25,927
Chief Marketing Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Employee and director stock options		$ 109,547
Total		10,417
Relatedpartyconsultant [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Employee and director stock options		$ 25,908
Marketing Consultant [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Employee and director stock options		5,603
Marketing Consultant 1 [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Employee and director stock options		380,441
Marketing Consultant 2 [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Employee and director stock options		118,405
Business Consultant [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Employee and director stock options		$ 25,908
Total	350,000	469
Company Secretary And Director [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Employee and director stock options		$ 100,000
Total		10,000
Business Development Manager [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Employee and director stock options		$ 300,000
Total		30,000
Employee Stock Options [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Employee and director stock options	$ 131,581	$ 29,030

Stockholders Equity (Details 3)

Stockholders Equity (Details 3) - $ / shares	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Options Outstanding [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	2,202,000	271,000
Weighted Average Reamining Years	9 years 7 months 17 days	9 years 9 months 14 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 2.46	$ 10.50
Options Exercisable [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	294,333	16,945
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 3.69	$ 10.50

Stockholders Equity (Details 4)

Stockholders Equity (Details 4) - $ / shares	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
[custom:StockOptionExercisePrice-0]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	5.03
[custom:StockOptionExercisePriceIssued]
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	5.03
[custom:StockOptionExercisePriceExercised]
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	1,541,682
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures	1,541,682
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number	1,469,982
[custom:ExercisePricePerShareExercisable-0]	5.19
Minimum [Member] | Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
[custom:StockOptionExercisePrice-0]	$ 1.75
[custom:StockOptionExercisePriceIssued]	1.75
Maximum [Member] | Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
[custom:StockOptionExercisePrice-0]	5.19
[custom:StockOptionExercisePriceIssued]	5.19
Equity Option [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
[custom:StockOptionExercisePrice-0]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price
[custom:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod1]	272,000
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 10.50
[custom:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriodOne]	1,000
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$ 10.50
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	271,000
[custom:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceOptions-0]	$ 10.50
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures	1,950,000
[custom:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePriceOne]	$ 1.42
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period	(19,000)
[custom:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumberOptions-0]	2,202,000
[custom:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice1-0]	$ 2.46
Equity Option [Member] | Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number	294,333
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 3.69
Equity Option [Member] | Minimum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
[custom:StockOptionExercisePrice-0]	10.50
[custom:StockOptionExercisePriceIssued]	10.50
[custom:StockOptionExercisePriceExercised]	10.50
[custom:StockOptionExercisePriceIssuedOne]	1.40
[custom:StockOptionExercisePriceOne-0]	$ 1.40
[custom:ExercisePricePerShareExercisable-0]	1.40
Equity Option [Member] | Maximum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
[custom:StockOptionExercisePrice-0]	$ 10.50
[custom:StockOptionExercisePriceIssued]	10.50
[custom:StockOptionExercisePriceExercised]	10.50
[custom:StockOptionExercisePriceIssuedOne]	1.43
[custom:StockOptionExercisePriceOne-0]	$ 10.50
[custom:ExercisePricePerShareExercisable-0]	10.50

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Earnings Per Share [Abstract]
Net income	$ 2,954,972	$ 3,503,530
Weighted average common shares outstanding	4,677,214	2,666,173
Effect of dilutive securities	$ 250	$ 82,307
Weighted average dilutive common shares outstanding	4,677,464	2,748,480
Earnings per common share – basic	$ 0.63	$ 1.31
Earnings per common share – diluted	$ 0.63	$ 1.27

Earnings Per Common Share (De_2

Earnings Per Common Share (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Earnings Per Share [Abstract]
Outstanding stock options	$ 2,202,000	$ 271,000
Warrants	$ 1,469,982	$ 0

Investments (Details)

Investments (Details) - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	$ 22,955,444	$ 12,861,253
Netcapital Systems L L C [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	48,128	48,128
Watch Party L L C [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	440,000	235,400
Zelgor Inc [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	1,400,000	1,400,000
Chip Brain L L C [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	3,366,348	1,704,480
Vymedic Inc [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	11,032	20,000
C Reveal Therapeutics L L C [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	50,000	50,000
Deuce Drone L L C [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	2,350,000	2,350,000
Hiveskill L L C [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	712,500	712,500
Scan Hash L L C [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	425,000	425,000
Caesar Media Group Inc [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	1,632,751	900,000
Cust Corp [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	1,200,000	1,200,000
Kingscrowd Inc [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	3,209,685	3,815,745
Reper L L C [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	1,200,000
Dark L L C [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	2,100,000
Netwire L L C [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	1,300,000
Count Sharp L L C [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	1,170,000
Cup Crew L L C [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	1,170,000
Head Farm L L C [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
HeadFarmLLCMember	$ 1,170,000

Investments (Details Narrative)

Investments (Details Narrative)	Apr. 30, 2023 USD ($)
Equity Method Investments and Joint Ventures [Abstract]
Fair value of the equity securities	$ 1,857,500

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 15,971,704	$ 15,536,704
Acquired Users [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	14,288,695	14,288,695
Acquired Brand [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	583,429	583,429
Acquired Intellectual Property And Website [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	435,000
Professional Practice [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	556,830	556,830
Literary Works And Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 107,750	$ 107,750

Intangible Assets (Details Narr

Intangible Assets (Details Narrative)	Apr. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Accumulated amortization	$ 96,407
Net intangible assets	$ 15,875,297