Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 1

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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    current liabilities 
     18,738,636  
     23,868,822 
  
    Loans and obligations under finance leases;
    less current maturities 
     86,800  
     95,771 
  
    Operating lease obligations;
    less current maturities 
     422,350  
     688,749 
  
    Total
    liabilities 
     19,247,786  
     24,653,342 

    Stockholders’ equity: 

    Preferred stock, $.01 par
    value; 500,000 shares authorized; 
     -  
     - 
  
    Common stock, $.01 par
    value; 14,500,000 shares authorized; 12,648,574 shares issued and 11,709,543  outstanding as of March 31, 2025, 12,359,922
    shares issued and 11,420,891 outstanding as of June 30, 2024 
     126,489  
     123,602 
  
    Additional paid-in-capital 
     129,366,638  
     128,783,865 
  
    Treasury stock (at cost,
    939,031 shares as of March 31, 2025 and June 30, 2024) 
     (3,920,856) 
     (3,920,856)
  
    Accumulated deficit 
     (43,864,592) 
     (44,212,313)
  
    Other
    comprehensive loss 
     (46,253,619) 
     (45,935,616)
  
    Total
    NetSol stockholders’ equity 
     35,454,060  
     34,838,682 
  
    Non-controlling
    interest 
     3,441,733  
     4,694,418 
  
    Total
    stockholders’ equity 
     38,895,793  
     39,533,100 
  
    Total
    liabilities and stockholders’ equity 
    $58,143,579  
    $64,186,442 

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

Page 3

NETSOL
TECHNOLOGIES, INC. AND SUBSIDIARIES