Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 169

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 169
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     2.8%
  
    Gain
    (loss) on foreign currency exchange transactions 
     165,775  
     0.3% 
     (1,112,757) 
     -2.5%
  
    Other
    income 
     202,386  
     0.4% 
     22,210  
     0.0%
  
    Total
    other income (expenses) 
     1,272,408  
     2.7% 
     (687,099) 
     -1.5%

    Net
    income before income taxes 
     1,578,698  
     3.3% 
     2,008,265  
     4.5%
  
    Income
    tax provision 
     (712,765) 
     -1.5% 
     (418,517) 
     -0.9%
  
    Net
    income 
     865,933  
     1.8% 
     1,589,748  
     3.5%
  
    Non-controlling
    interest 
     (518,212) 
     -1.1% 
     (822,993) 
     -1.8%
  
    Net
    income attributable to NetSol 
    $347,721  
     0.7% 
    $766,755  
     1.7%

    Net
    income per share: 

    Net
    income per common share 

    Basic 
    $0.03  
        
    $0.07  

    Diluted 
    $0.03  
        
    $0.07  

    Weighted
    average number of shares outstanding 

    Basic 
     11,531,365  
        
     11,369,778  

    Diluted 
     11,531,365  
        
     11,409,383  

Page 44

A
significant portion of our business is conducted in currencies other than the U.S. dollar. We operate in several geographical regions
as described in Note 15 “Operating Segments” within the Notes to the Condensed Consolidated Financial Statements. Weakening
of the value of the U.S. dollar compared to foreign currency exchange