Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 2083

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 11
Chunk 2083
---
 as of June 30, 2024 
     127,008  
     123,602 
  
    Additional
    paid-in-capital 
     129,529,901  
     128,783,865 
  
    Treasury
    stock (at cost, 939,031 shares as of June 30, 2025 and June 30, 2024) 
     (3,920,856) 
     (3,920,856)
  
    Accumulated
    deficit 
     (41,289,080) 
     (44,212,313)
  
    Other
    comprehensive loss 
     (46,613,208) 
     (45,935,616)
  
    Total
    NetSol stockholders’ equity 
     37,833,765  
     34,838,682 
  
    Non-controlling
    interest 
     4,425,365  
     4,694,418 
  
    Total
    stockholders’ equity 
     42,259,130  
     39,533,100 
  
    Total
    liabilities and stockholders’ equity 
    $62,441,109  
    $64,186,442 

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

F-3

NETSOL
TECHNOLOGIES, INC. AND SUBSIDIARIES 

Consolidated
Statements of Operations

    2025  
    2024 

    For
    the Years 

    Ended
    June 30, 

    2025  
    2024 
  
    Net
    Revenues: 

    License
    fees 
    $598,633  
    $5,449,991 
  
    Subscription
    and support 
     32,934,648  
     27,952,768 
  
    Services 
     32,554,948  
     27,990,332 
  
    Total
    net revenues 
     66,088,229  
     61,393,091 

    Cost
    of revenues 
     33,513,697  
     32,108,221 
  
    Gross
    profit 
     32,574,532  
     29,284,870 

    Operating