Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 27

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 average exchange
rate throughout the period. Accumulated translation losses classified as an item of accumulated other comprehensive loss in the stockholders’
equity section of the consolidated balance sheet were $46,253,619 and $45,935,616 as of March 31, 2025 and June 30, 2024, respectively.
During the three and nine months ended March 31, 2025, comprehensive income (loss) in the consolidated statements of comprehensive income
(loss) included a translation loss attributable to NetSol of $65,853 and $318,003, respectively. During the three and nine months ended
March 31, 2024, comprehensive income (loss) in the consolidated statements of comprehensive income (loss) included a translation gain
attributable to NetSol of $364,389 and $469,236, respectively.

NOTE
6 – MAJOR CUSTOMERS

The
following table describes the revenues from major customers:

 SCHEDULE
OF REVENUES AND RECEIVABLES FROM MAJOR CUSTOMERS

    For the Three Months  
    For the Nine Months 

    Ended
    March 31,  
    Ended
    March 31, 

    2025  
    %  
    2024  
    %  
    2025  
    %  
    2024  
    % 
  
    Net Revenues: 

    Daimler Financial
    Services 
    $2,900,468  
     16.5% 
    $4,207,409  
     27.2% 
    $9,160,858  
     19.2% 
    $11,840,101  
     26.3%
  
    BMW Financial 
    $3,314,902  
     18.9% 
    $1,422,068  
     9.2% 
    $8,903,689  
     18.7% 
    $3,180,171  
     7.1%

The
following table describes the receivables from major customers:

    As of  
    As of 

    March
    31, 2025  
    June
    30, 2024 
  
    Accounts Receivable 

    Daimler
    Financial Services 
    $1,005,108  
    $538,648