Company: NTWK
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021835
Chunk: 58

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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, 2025 and June 30, 2025, respectively. The long-term portion was discounted by $183,137 and $208,037 at September
30, 2025 and June 30, 2025, respectively, using the discounted cash flow method with interest rates ranging from 4.2% to 17.5%. During
the three months ended September 30, 2025, our revenues in excess of billings were reclassified to accounts receivable pursuant to billing
requirements detailed in each contract. The combined totals for accounts receivable and revenues in excess of billings decreased by $5,465,265
from $26,661,957 at June 30, 2025 to $21,196,692 at September 30, 2025. Accounts payable and accrued expenses, and current portions of
loans and lease obligations amounted to $9,191,552 and $8,330,243, respectively, at September 30, 2025. Accounts payable and accrued
expenses, and current portions of loans and lease obligations amounted to $8,010,844 and $8,240,061, respectively, at June 30, 2025.

The
average days sales outstanding for the three months ended September 30, 2025 and 2024 were 147 and 150 days, respectively. The days sales
outstanding have been calculated by taking into consideration the average combined balances of accounts receivable and revenues in excess
of billings.

Net
cash used in investing activities was $443,198 for the three months ended September 30, 2025, compared to $108,632 for the three months
ended September 30, 2024. We had purchases of property and equipment of $485,281 compared to $100,737 for the three months ended September
30, 2024.

Net
cash provided by financing activities was $191,218 for the three months ended September 30, 2025, compared to $153,189 for the three
months ended September 30, 2024. During the three months ended September 30, 2025, we received bank proceeds of $242,421 compared to
$250,000 during the three months ended September 30, 2024. During the three months ended September 30, 2025, we had net payments for
bank loans and finance leases of $115,350 compared to $118,311 for the three