Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 2311

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 14
Chunk 2311
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OLIDATED PRE-TAX INCOME (LOSS)

    2025  
    2024 

    Years
    Ended June 30, 

    2025  
    2024 
  
    US
    operations 
    $1,099,957  
    $(1,719,058)
  
    Foreign
    operations 
     4,947,300  
     4,942,505 
  
    Net income before income
    taxes 
    $6,047,257  
    $3,223,447 

    F-30

NETSOL
TECHNOLOGIES, INC.

Notes
to Consolidated Financial Statements

June
30, 2025 and 2024

The
components of the provision for income taxes are as follows:

 SCHEDULE OF COMPONENTS OF PROVISION FOR INCOME TAXES

    2025  
    2024 

    Years
    Ended June 30, 

    2025  
    2024 
  
    Current: 

    Federal 
    $-  
    $- 
  
    State
    and Local 
     1,600  
     1,600 
  
    Foreign 
     1,411,601  
     1,143,918 

    Deferred: 

    Federal 
     -  
     - 
  
    State
    and Local 
     -  
     - 
  
    Foreign 
     63,137  
     - 
  
    Provision
    for income taxes 
    $1,476,338  
    $1,145,518 

A
reconciliation of taxes computed at the statutory federal income tax rate to income tax expense (benefit) is as follows:

 SCHEDULE OF RECONCILIATION OF TAXES AT STATUTORY FEDERAL INCOME TAX RATE INCOME TAX EXPENSE BENEFITS

    Years
    Ended June 30,  

    2025  
       
    2024  

    Income
    tax (benefit) provision at statutory rate 
    $1,269,924  
     21.0% 
    $676,924  
     21.0%
  
    State
    income (benefit) taxes, net of federal tax benefit 
     422,099  
     7.