Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 134

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 134
---
 

    Selling,
    general and administrative 
     20,921,530  
     43.9% 
     17,051,798  
     37.9%
  
    Research
    and development cost 
     998,406  
     2.1% 
     1,065,412  
     2.4%
  
    Total
    operating expenses 
     21,919,936  
     46.0% 
     18,117,210  
     40.3%

    Income
    (loss) from operations 
     306,290  
     0.6% 
     2,695,364  
     6.0%
  
    Other
    income and (expenses) 

    Interest
    expense 
     (689,347) 
     -1.4% 
     (856,016) 
     -1.9%
  
    Interest
    income 
     1,593,594  
     3.3% 
     1,259,464  
     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)