Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 96

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 2
Chunk 96
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13,484,453  
     44.7% 
     13,337,754  
     45.2%
  
    Operating expenses: 

    Selling, general and administrative 
     14,037,943  
     46.6% 
     11,240,463  
     38.1%
  
    Research and development cost 
     693,618  
     2.3% 
     719,830  
     2.4%
  
    Total operating expenses 
     14,731,561  
     48.9% 
     11,960,293  
     40.6%

    Income (loss) from operations 
     (1,247,108) 
     -4.1% 
     1,377,461  
     4.7%
  
    Other income and (expenses) 

    Interest expense 
     (494,605) 
     -1.6% 
     (566,339) 
     -1.9%
  
    Interest income 
     1,298,939  
     4.3% 
     882,998  
     3.0%
  
    Gain (loss) on foreign currency exchange transactions 
     (155,847) 
     -0.5% 
     (148,870) 
     -0.5%
  
    Other income 
     191,555  
     0.6% 
     576  
     0.0%
  
    Total other income (expenses) 
     840,042  
     2.8% 
     168,365  
     0.6%

    Net income before  income taxes 
     (407,066) 
     -1.4% 
     1,545,826  
     5.2%
  
    Income tax provision 
     (561,431) 
     -1.9% 
     (271,948) 
     -0.9%
  
    Net income 
     (968,497) 
     -3.2% 
     1,273,878  
     4.3%
  
    Non-controlling interest 
     (107,750) 
     -0.4%