Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 13

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 13
---
,170) 
     938,242 
  
    Net
    cash provided by (used in) operating activities 
     6,315  
     (3,602,677)

    Cash flows from investing
    activities: 

    Purchases of property
    and equipment 
     (897,743) 
     (948,337)
  
    Sales of property and
    equipment 
     63,577  
     125,886 
  
    Purchase
    of subsidiary shares 
     (8,878) 
     - 
  
    Net
    cash used in investing activities 
     (843,044) 
     (822,451)

    Cash flows from financing
    activities: 

    Proceeds from the exercise
    of stock options and warrants 
     473,000  
     - 
  
    Dividend paid by subsidiary
    to non-controlling interest 
     (306,799) 
     - 
  
    Purchase of subsidiary
    treasury stock 
     (1,503,662) 
     - 
  
    Proceeds from bank loans 
     2,451,256  
     340,847 
  
    Payments
    on finance lease obligations and loans - net 
     (247,496) 
     (307,235)
  
    Net
    cash provided by financing activities 
     866,299  
     33,612 
  
    Effect
    of exchange rate changes 
     (381,996) 
     1,196,904 
  
    Net increase (decrease)
    in cash and cash equivalents 
     (352,426) 
     (3,194,612)
  
    Cash and cash equivalents
    at beginning of the period 
     19,127,165  
     15,533,254 
  
    Cash
    and cash equivalents at end of period 
    $18,774,739  
    $12,338,642 

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

Page 9

NETSOL
TECHNOLOGIES, INC. AND SUBSIDIARIES

CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

(UNAUDITED)

    For the Nine Months 

    Ended
    March 31