Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 106

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 2
Chunk 106
---
784 
  
    Depreciation and amortization 
     92,546  
     109,765  
     181,681  
     251,116 
  
    Interest expense 
     68,636  
     91,295  
     147,828  
     177,184 
  
    Interest (income) 
     (165,365) 
     (144,578) 
     (408,012) 
     (272,669)
  
    EBITDA 
    $59,067  
    $706,388  
    $202,248  
    $1,102,087 
  
    Add back: 

    Non-cash stock-based compensation 
     2,462  
     3,783  
     5,062  
     7,524 
  
    Adjusted EBITDA of non-controlling interest 
    $61,529  
    $710,171  
    $207,310  
    $1,109,611 

Page 48

LIQUIDITY AND CAPITAL RESOURCES

Our cash
position was $21,270,642 at December 31, 2024, compared to $19,127,165 at June 30, 2024.

Net cash
provided by operating activities was $369,716 for the six months ended December 31, 2024 compared to $604,684 for the six months ended
December 31, 2023. At December 31, 2024, we had current assets of $42,953,392 and current liabilities of $19,955,153. We had accounts
receivable of $7,829,823 at December 31, 2024 compared to $13,049,614 at June 30, 2024. We had revenues in excess of billings of $11,438,977
at December 31, 2024 compared to $13,638,547 at June 30, 2024 of which $777,428 and $954,029 is shown as long term as of December 31,
2024 and June 30, 2024, respectively. The long-term portion was discounted by $115,126 and $152,446 at December 31, 2024 and June 30,
2024, respectively, using the discounted cash flow method with interest rates ranging from