Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1314

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 7
Chunk 1314
---
 currency translation adjustment 
     -  
     -  
     -  
     -  
     -  
     39,540  
     325,309  
     364,849 
  
    Net
    income 
     -  
     -  
     -  
     -  
     683,873  
     -  
     1,394,056  
     2,077,929 
  
    Balance
    at June 30, 2024 
     12,359,922  
    $123,602  
    $128,783,865  
    $(3,920,856) 
    $(44,212,313) 
    $(45,935,616) 
    $4,694,418  
    $39,533,100 
  
    Balance 
     12,359,922  
    $123,602  
    $128,783,865  
    $(3,920,856) 
    $(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