Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 96

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 96
---
) included a translation gain
attributable to NetSol of $364,389 and $469,236, respectively.

NOTE
6 – MAJOR CUSTOMERS

The
following table describes the revenues from major customers:

 SCHEDULE
OF REVENUES AND RECEIVABLES FROM MAJOR CUSTOMERS

    For the Three Months  
    For the Nine Months 

    Ended
    March 31,  
    Ended
    March 31, 

    2025  
    %  
    2024  
    %  
    2025  
    %  
    2024  
    % 
  
    Net Revenues: 

    Daimler Financial
    Services 
    $2,900,468  
     16.5% 
    $4,207,409  
     27.2% 
    $9,160,858  
     19.2% 
    $11,840,101  
     26.3%
  
    BMW Financial 
    $3,314,902  
     18.9% 
    $1,422,068  
     9.2% 
    $8,903,689  
     18.7% 
    $3,180,171  
     7.1%

The
following table describes the receivables from major customers:

    As of  
    As of 

    March
    31, 2025  
    June
    30, 2024 
  
    Accounts Receivable 

    Daimler
    Financial Services 
    $1,005,108  
    $538,648 
  
    BMW Financial 
    $771,436  
    $505,875 

    Revenue in Excess of Billing 

    Daimler Financial Services 
    $649,671  
    $892,109 
  
    BMW Financial 
    $2,246,214  
    $1,419,997 

NOTE
7 - OTHER CURRENT ASSETS

Other
current assets consisted of the following:

 SCHEDULE OF OTHER CURRENT ASSETS

    As of  
    As of 

    March
    31, 2025  
    June
    30, 2024 

    Prepaid Expenses 
    $1,789,339  
    $1,314