Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 4

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 4
---
11,359,338 

The accompanying
notes are an integral part of these unaudited condensed consolidated financial statements.

Page 4

NETSOL
TECHNOLOGIES, INC. AND SUBSIDIARIES

Condensed
Consolidated Statements of Comprehensive Income (Loss)

(Unaudited)

    2024  
    2023  
    2024  
    2023 

    For the Three Months
Ended December 31,  
    For the Six Months
Ended December 31, 

    2024  
    2023  
    2024  
    2023 

    Net income 
    $(1,147,042) 
    $408,316  
    $(1,076,247) 
    $439,206 
  
    Other comprehensive income (loss): 

    Translation adjustment 
     (185,914) 
     840,165  
     (258,097) 
     370,116 
  
    Translation adjustment attributable to non-controlling interest 
     47,171  
     (298,772) 
     5,947  
     (265,269)
  
    Net translation adjustment 
     (138,743) 
     541,393  
     (252,150) 
     104,847 
  
    Comprehensive income (loss) attributable to NetSol 
    $(1,285,785) 
    $949,709  
    $(1,328,397) 
    $544,053 

The accompanying
notes are an integral part of these unaudited condensed consolidated financial statements.

Page 5

NETSOL
TECHNOLOGIES, INC. AND SUBSIDIARIES

Condensed
Consolidated Statement of Stockholders’ Equity

(Unaudited)

A statement of the changes in
equity for the three months ended December 31, 2024 is provided below:

    Shares  
    Amount  
    Capital  
    Shares  
    Deficit  
    Loss  
    Interest  
    Equity 

    Other  

    Additional  

    Compre-  
    Non  
    Total 

    Common Stock  
    Paid-in  
    Treasury  
    Accumulated  
    hensive  
    Controlling  
    Stockholders’ 

    Shares