Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 387

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1B
Chunk 387
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4,702,197  
    $2,674,330 

    Weighted Average number of shares outstanding 

    Basic 
     11,576,287  
     11,378,595 
  
    Diluted 
     11,576,287  
     11,421,940 

    Basic adjusted EBITDA 
    $0.41  
    $0.24 
  
    Diluted adjusted EBITDA 
    $0.41  
    $0.23 

    (a)The reconciliation of adjusted EBITDA of non-controlling interest to net income attributable to non-controlling interest is as follows 

    Net Income (loss) attributable to non-controlling interest 
    $1,647,686  
    $1,394,056 
  
    Income Taxes 
     321,973  
     198,923 
  
    Depreciation and amortization 
     358,180  
     440,302 
  
    Interest expense 
     251,658  
     354,624 
  
    Interest (income) 
     (567,285) 
     (590,170)
  
    EBITDA 
    $2,012,212  
    $1,797,735 
  
    Add back: 

    Non-cash stock-based compensation 
     5,062  
     12,659 
  
    Adjusted EBITDA of non-controlling interest 
    $2,017,274  
    $1,810,394 

24

LIQUIDITY
AND CAPITAL RESOURCES 

Our
cash position was $17,357,344 at June 30, 2025, compared to $19,127,165 at June 30, 2024.

Net
cash provided by operating activities was $447,267 for the year ended June 30, 2025, compared to $2,909,388 for the year ended June 30,
2024. At June 30, 2025, we had current assets of $46,319,603 and current liabilities of $19,713,997. We had accounts receivable of $7,527,572
at June 30, 2025, compared to $13,049,614 at June 30, 2024. We had revenues in excess of billings of $19,134,385 at