Company: NTWK
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021835
Chunk: 7

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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    Accounts receivable 
     1,218,992  
     6,738,384 
  
    Revenues in excess of billing 
     4,282,495  
     836,403 
  
    Other current assets 
     (323,491) 
     (222,359)
  
    Accounts payable and accrued
    expenses 
     1,176,241  
     10,546 
  
    Unearned
    revenue 
     714,879  
     (2,813,220)
  
    Net
    cash provided by operating activities 
     5,303,561  
     5,517,745 

    Cash
    flows from investing activities: 

    Purchases of property and
    equipment 
     (485,281) 
     (100,737)
  
    Sales of property and equipment 
     16,687  
     - 
  
    Investment in associates 
     25,396  
     - 
  
    Purchase of subsidiary
    shares 
     -  
     (7,895)
  
    Net
    cash used in investing activities 
     (443,198) 
     (108,632)

    Cash
    flows from financing activities: 

    Proceeds from the exercise
    of stock options and warrants 
     -  
     21,500 
  
    Proceeds from exercise
    of subsidiary options 
     64,147  
     - 
  
    Proceeds from bank loans 
     242,421  
     250,000 
  
    Payments
    on finance lease obligations and loans - net 
     (115,350) 
     (118,311)
  
    Net
    cash provided by financing activities 
     191,218  
     153,189 
  
    Effect
    of exchange rate changes 
     281,093  
     (163,511)
  
    Net increase
    (decrease) in cash and cash equivalents 
     5,332,674  
     5,398,791 
  
    Cash
    and cash equivalents at beginning of the period 
     17,357,944  
     19,127,165 
  
    Cash
    and cash equivalents at end of period 
    $22,690,618  
    $24