Company: NTWK
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021835
Chunk: 8

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 8
---
,525,956 

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

Page 7

NETSOL
TECHNOLOGIES, INC. AND SUBSIDIARIES

CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED) 

(UNAUDITED)

    For
    the Three Months Ended September 30, 

    2025  
    2024 
  
    SUPPLEMENTAL DISCLOSURES: 

    Cash paid during the period
    for: 

    Interest 
    $165,954  
    $285,362 
  
    Taxes 
    $100,011  
    $264,030 

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

Page 8

NETSOL
TECHNOLOGIES, INC.

Notes
to Condensed Consolidated Financial Statements

September
30, 2025

(Unaudited)

NOTE
1 - BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION

The
Company is a business services and asset finance solutions provider that designs, develops, markets, and exports proprietary software
products to customers in the automobile financing and leasing, banking, and financial services industries worldwide. The Company also
provides system integration, consulting, and IT products and services in exchange for fees from customers.

The
consolidated condensed interim financial statements included herein have been prepared by the Company, without audit, pursuant to the
rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial
statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules
and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. The
year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures
required by accounting principles generally accepted in the United States of America.

These
statements reflect all adjustments, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for
fair presentation of the information contained therein. It is suggested that these condensed consolidated financial statements be read
in conjunction with the financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year
ended June 30, 2025. The Company follows the same accounting policies in preparation of interim