Company: NTWK
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021835
Chunk: 6

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---
    Net income (loss) for
    the year 
     -  
     -  
     -  
     -  
     70,795  
     -  
     146,914  
     217,709 
  
    Net income (loss) 
     -  
     -  
     -  
     -  
     70,795  
     -  
     146,914  
     217,709 

    Balance at September 30, 2024 
     12,383,872  
    $123,842  
    $128,709,890  
    $(3,920,856) 
    $(44,141,518) 
    $(46,049,023) 
    $5,017,675  
    $39,740,010 
  
    Balance 
     12,383,872  
    $123,842  
    $128,709,890  
    $(3,920,856) 
    $(44,141,518) 
    $(46,049,023) 
    $5,017,675  
    $39,740,010 

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

Page 6

NETSOL
TECHNOLOGIES, INC. AND SUBSIDIARIES

Condensed
Consolidated Statements of Cash Flows

(Unaudited)

    2025  
    2024 

    For
    the Three Months Ended September 30, 

    2025  
    2024 
  
    Cash
    flows from operating activities: 

    Net income
    (loss) 
    $(2,217,365) 
    $217,709 
  
    Adjustments to reconcile
    net income (loss) to net cash provided by operating activities: 

    Depreciation and amortization 
     324,606  
     365,997 
  
    Provision for bad debts 
     (1,583) 
     336,506 
  
    Gain on sale of assets 
     (16,613) 
     - 
  
    Stock based compensation 
     145,400  
     47,779 
  
    Changes
    in operating assets and liabilities: