Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 765

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 3
Chunk 765
---
     321,973  
     198,923 
  
    Depreciation and amortization 
     358,180  
     440,302 
  
    Interest expense 
     251,658  
     354,624 
  
    Interest (income) 
     (567,285) 
     (590,170)
  
    EBITDA 
    $2,012,212  
    $1,797,735 
  
    Add back: 

    Non-cash stock-based compensation 
     5,062  
     12,659 
  
    Adjusted EBITDA of non-controlling interest 
    $2,017,274  
    $1,810,394 

24

LIQUIDITY
AND CAPITAL RESOURCES 

Our
cash position was $17,357,344 at June 30, 2025, compared to $19,127,165 at June 30, 2024.

Net
cash provided by operating activities was $447,267 for the year ended June 30, 2025, compared to $2,909,388 for the year ended June 30,
2024. At June 30, 2025, we had current assets of $46,319,603 and current liabilities of $19,713,997. We had accounts receivable of $7,527,572
at June 30, 2025, compared to $13,049,614 at June 30, 2024. We had revenues in excess of billings of $19,134,385 at June 30, 2025, compared
to $13,638,547 at June 30, 2024, of which $903,766 and $954,029 are shown as long term as of June 30, 2025, and 2024, respectively. The
long-term portion was discounted by $208,037 and $152,446 at June 30, 2025, and 2024, respectively, using the discounted cash flow method
with interest rates ranging from 4.2% to 17.5%, for the year ended June 30, 2025, and 2024 respectively. During the year ended June 30,
2025, our revenues in excess of billings were reclassified to accounts receivable pursuant to billing requirements detailed in each contract.
The combined totals for accounts receivable and revenues in