Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 687

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 2
Chunk 687
---
: 

    Cash
    and cash equivalents 
    $17,357,944  
    $19,127,165 
  
    Accounts
    receivable, net of allowance of $355,464 and $398,809 
     7,527,572  
     13,049,614 
  
    Revenues
    in excess of billings, net of allowance of $34,496 and $116,148 
     18,230,619  
     12,684,518 
  
    Other
    current assets 
     3,203,468  
     2,600,786 
  
    Total
    current assets 
     46,319,603  
     47,462,083 
  
    Revenues
    in excess of billings, net - long term 
     903,766  
     954,029 
  
    Property
    and equipment, net 
     5,073,372  
     5,106,842 
  
    Right
    of use assets - operating leases 
     809,513  
     1,328,624 
  
    Other
    assets 
     32,331  
     32,340 
  
    Goodwill 
     9,302,524  
     9,302,524 
  
    Total
    assets 
    $62,441,109  
    $64,186,442 

    LIABILITIES
    AND STOCKHOLDERS’ EQUITY 

    Current
    liabilities: 

    Accounts
    payable and accrued expenses 
    $8,010,844  
    $8,232,342 
  
    Current
    portion of loans and obligations under finance leases 
     8,240,061  
     6,276,125 
  
    Current
    portion of operating lease obligations 
     433,242  
     608,202 
  
    Unearned
    revenue 
     3,029,850  
     8,752,153 
  
    Total
    current liabilities 
     19,713,997  
     23,868,822 
  
    Loans
    and obligations under finance leases; less current maturities 
     134,608  
     95,771 
  
    Operating
    lease obligations; less current maturities