Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 178

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 178
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-controlling interest
    (a) 
     (510,908) 
     (106,480) 
     (718,218) 
     (1,216,091)
  
    Adjusted EBITDA, net 
    $1,778,196  
    $809,548  
    $1,193,202  
    $2,000,840 

    Weighted Average number of shares outstanding 

    Basic 
     11,683,408  
     11,390,888  
     11,531,365  
     11,369,778 
  
    Diluted 
     11,683,408  
     11,430,493  
     11,531,365  
     11,409,383 

    Basic adjusted EBITDA 
    $0.15  
    $0.07  
    $0.10  
    $0.18 
  
    Diluted adjusted EBITDA 
    $0.15  
    $0.07  
    $0.10  
    $0.18 

    (a)The reconciliation of adjusted EBITDA of
    non-controlling interest to net income attributable to non-controlling interest is as follows 

    Net Income (loss) attributable to non-controlling
    interest 
    $410,462  
    $(11,679) 
    $518,212  
    $822,993 
  
    Income Taxes 
     41,891  
     43,852  
     214,892  
     155,636 
  
    Depreciation and amortization 
     87,504  
     97,027  
     269,185  
     348,143 
  
    Interest expense 
     54,461  
     89,738  
     202,289  
     266,922 
  
    Interest
    (income) 
     (83,410) 
     (115,021) 
     (491,422) 
     (387,690)
  
    EBITDA 
    $510,908  
    $103,917  
    $713,156  
    $1,206,004 
  
    Add back: 

    Non-cash
    stock-based compensation