Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 818

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 3
Chunk 818
---
    $2,077,929 
  
    Adjustments
    to reconcile net income to net cash provided by operating activities: 

    Depreciation
    and amortization 
     1,463,783  
     1,721,800 
  
    Provision
    for bad debts 
     466,965  
     (29,134)
  
    Gain
    on sale of assets 
     (69,355) 
     (101,864)
  
    Stock
    based compensation 
     208,116  
     308,569 
  
    Changes
    in operating assets and liabilities: 

    Accounts
    receivable 
     5,453,186  
     (1,902,382)
  
    Revenues
    in excess of billing 
     (5,207,897) 
     (1,205,456)
  
    Other
    current assets 
     15,257  
     (216,944)
  
    Accounts
    payable and accrued expenses 
     (197,312) 
     1,611,745 
  
    Unearned
    revenue 
     (6,256,395) 
     645,125 
  
    Net
    cash provided by (used in) operating activities 
     447,267  
     2,909,388 

    Cash
    flows from investing activities: 

    Purchases
    of property and equipment 
     (1,382,770) 
     (515,404)
  
    Sales
    of property and equipment 
     116,783  
     223,866 
  
    Purchase
    of subsidiary shares 
     (8,878) 
     - 
  
    Net
    cash used in investing activities 
     (1,274,865) 
     (291,538)

    Cash
    flows from financing activities: 

    Proceeds
    from the exercise of stock options and warrants 
     473,000  
     - 
  
    Proceeds
    from exercise of subsidiary options 
     13,728  
     - 
  
    Dividend
    paid by subsidiary to non-controlling interest 
     (306,799) 
     - 
  
    Purchase
    of subsidiary treasury stock 
     (1,503,662)