Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 2211

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 13
Chunk 2211
---
     (46,613,208) 
     (45,935,616)
  
    Total
    NetSol stockholders’ equity 
     37,833,765  
     34,838,682 
  
    Non-controlling
    interest 
     4,425,365  
     4,694,418 
  
    Total
    stockholders’ equity 
     42,259,130  
     39,533,100 
  
    Total
    liabilities and stockholders’ equity 
    $62,441,109  
    $64,186,442 

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

F-3

NETSOL
TECHNOLOGIES, INC. AND SUBSIDIARIES 

Consolidated
Statements of Operations

    2025  
    2024 

    For
    the Years 

    Ended
    June 30, 

    2025  
    2024 
  
    Net
    Revenues: 

    License
    fees 
    $598,633  
    $5,449,991 
  
    Subscription
    and support 
     32,934,648  
     27,952,768 
  
    Services 
     32,554,948  
     27,990,332 
  
    Total
    net revenues 
     66,088,229  
     61,393,091 

    Cost
    of revenues 
     33,513,697  
     32,108,221 
  
    Gross
    profit 
     32,574,532  
     29,284,870 

    Operating
    expenses: 

    Selling,
    general and administrative 
     27,796,936  
     24,388,714 
  
    Research
    and development cost 
     1,275,878  
     1,402,601 
  
    Total
    operating expenses 
     29,072,814  
     25,791,315 

    Income
    (loss) from operations 
     3,501,718  
     3,493,555 

    Other
    income and (expenses) 

    Interest
    expense 
     (871,355) 
     (