Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1810

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 9B
Chunk 1810
---
856) 
    $(44,212,313) 
    $(45,935,616) 
    $4,694,418  
    $39,533,100 

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

F-7

NETSOL
TECHNOLOGIES, INC. AND SUBSIDIARIES

Consolidated
Statements of Cash Flows

    2025  
    2024 

    For
    the Years 

    Ended
    June 30, 

    2025  
    2024 
  
    Cash
    flows from operating activities: 

    Net
    income 
    $4,570,919  
    $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