Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 1

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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     23,868,822 
  
    Loans and obligations under finance leases; less current maturities 
     86,951  
     95,771 
  
    Operating lease obligations; less current maturities 
     512,062  
     688,749 
  
    Total liabilities 
     20,554,166  
     24,653,342 

    Stockholders’ equity: 

    Preferred stock, $.01 par value; 500,000 shares authorized; 
     -  
     - 
  
    Common stock, $.01 par value; 14,500,000 shares authorized; 12,589,046  shares issued and
    11,650,015  outstanding as of December 31, 2024 , 12,359,922  shares issued and
    11,420,891  outstanding as of June 30, 2024 
     125,894  
     123,602 
  
    Additional paid-in-capital 
     129,194,697  
     128,783,865 
  
    Treasury stock (at cost, 939,031 shares as of December 31, 2024  and  June 30, 2024) 
     (3,920,856) 
     (3,920,856)
  
    Accumulated deficit 
     (45,288,560) 
     (44,212,313)
  
    Other comprehensive loss 
     (46,187,766) 
     (45,935,616)
  
    Total NetSol stockholders’ equity 
     33,923,409  
     34,838,682 
  
    Non-controlling interest 
     4,592,554  
     4,694,418 
  
    Total stockholders’ equity 
     38,515,963  
     39,533,100 
  
    Total liabilities and stockholders’ equity 
    $59,070,129  
    $64,186,442 

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

Page 3

NETSOL
TECHNOLOGIES, INC. AND SUBSIDIARIES

Condensed
Consolidated Statements of Operations

(Unaudited)

    2024