Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 9

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 9
---
  
     -  
     -  
     -  
     11,554 
  
    Foreign currency translation adjustment 
     -  
     -  
     -  
     -  
     -  
     (436,546) 
     (33,503) 
     (470,049)
  
    Net income (loss) for the year 

     -  
     -  
     30,890  
     -  
     260,173  
     291,063 
  
    Balance at September 30, 2023 
     12,311,850  
    $123,120  
    $128,536,132  
    $(3,920,856) 
    $(44,865,296) 
    $(46,411,702) 
    $3,201,723  
    $36,663,121 
  
    Balance 
     12,311,850  
    $123,120  
    $128,536,132  
    $(3,920,856) 
    $(44,865,296) 
    $(46,411,702) 
    $3,201,723  
    $36,663,121 

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

Page 7

NETSOL
TECHNOLOGIES, INC. AND SUBSIDIARIES

Condensed
Consolidated Statements of Cash Flows

(Unaudited)

    2024  
    2023 

    For the Six Months 

    Ended December 31, 

    2024  
    2023 
  
    Cash flows from operating activities: 

    Net income (loss) 
    $(968,497) 
    $1,273,878 
  
    Adjustments to reconcile net income (loss) to net cash provided by operating activities: 

    Depreciation and amortization 
     738,582  
     959,949 
  
    Provision (reversal) for bad debts 
     475,172  
     29,191 
  
    Gain on sale of assets 
     (25,084) 
     (98)
  
    Stock based compensation 
     95,134  
     111,