Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 261

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 261
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 $8,240,061, respectively, at June 30, 2025. Accounts payable and accrued expenses, and current portions of loans and
lease obligations amounted to $8,232,342 and $6,276,125, respectively, at June 30, 2024. The average days sales outstanding for the years
ended June 30, 2025, and 2024 were 147 and 151 days respectively. The days sales outstanding have been calculated by taking into consideration
the average combined balances of accounts receivable and revenue in excess of billings.

Net
cash used by investing activities amounted to $1,274,865 for the year ended June 30, 2025, compared to $291,538 for the year ended June
30, 2024. We had net purchases of property and equipment of $1,265,987 compared to $291,538 for the comparable period last fiscal year.

Net
cash provided by financing activities was $822,881 compared to $239,551, for the years ended June 30, 2025, and 2024, respectively. During
the year ended June 30, 2025, we received bank proceeds of $2,920,149 compared to $756,936 during the year ended June 30, 2024. During
the year ended June 30, 2025, we had net payments for bank loans and capital leases of $773,535 compared to $517,385 for the year ended
June 30, 2024. During the year ended June 30, 2025, Company employees exercised 220,00 options of common stock for $473,000, NetSol PK,
a subsidiary of the Company, paid a dividend of $306,799 to the non-controlling shareholders, and NetSol PK purchased 2,690,251 shares
of its common stock from the open market for $1,503,662. We are operating in various geographical regions of the world through our various
subsidiaries. Those subsidiaries have financial arrangements from various financial institutions to meet both their short and long-term
funding requirements. These loans will become due at different maturity dates as described in Note 12 of the financial statements. We
are in compliance with the covenants of the financial arrangements and there is no default which may lead to early payment of these obligations.
We anticipate paying back all these obligations on their respective due dates.

We
typically fund the cash requirements