Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 357

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 357
---
  
     576,991 
  
    General
    and administrative 
     690,194  
     4,063,242  
     7,746,462  
     12,499,898 
  
    Income
    (loss) from operations - reportable segments 
    $613,148  
    $(97,241) 
    $8,529,961  
    $9,045,868 

    Reconciliation: 

     Income
    (loss) from operations - reportable segments 

    $9,045,868 
  
    Corporate
    operating expenses 

     (5,552,313)
  
    Interest
    expense 

     (1,142,166)
  
    Interest
    income 

     1,911,258 
  
     Gain
    (loss) on foreign currency exchange transactions 

     (1,187,320)
  
    Other
    income (expense) 

     148,120 
  
    Net
    income (loss) before income taxes 

    $3,223,447 

    F-38

NETSOL
TECHNOLOGIES, INC.

Notes
to Consolidated Financial Statements

June
30, 2025 and 2024

    Segment
    assets: 
    North
    America  
    Europe  
    Asia
    - Pacific  
    Total 

    As
    of 

    June
    30, 2024 
  
    Segment
    assets: 
    North
    America  
    Europe  
    Asia
    - Pacific  
    Total 
  
    Cash 
    $435,995  
    $955,707  
    $17,226,295  
    $18,617,997 
  
    Accounts
    receivable, net of allowance 
     511,816  
     2,433,951  
     10,103,847  
     13,049,614 
  
    Revenue
    in excess of billings, net of allowance 
     131,461  
     1,091,941  
     12,415,145  
     13,638,547 
  
    Other
    segment assets (b) 
     370,770  
     1,456,685