Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1134

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 6
Chunk 1134
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647,686  
     1,394,056 
  
    Income taxes 
     1,476,338  
     1,145,518 
  
    Depreciation and amortization 
     1,463,783  
     1,721,800 
  
    Interest expense 
     871,355  
     1,142,166 
  
    Interest (income) 
     (1,871,040) 
     (1,911,258)
  
    EBITDA 
    $6,511,355  
    $4,176,155 
  
    Add back: 

    Non-cash stock-based compensation 
     208,116  
     308,569 
  
    Adjusted EBITDA, gross 
    $6,719,471  
    $4,484,724 
  
    Less non-controlling interest (a) 
     (2,017,274) 
     (1,810,394)
  
    Adjusted EBITDA, net 
    $4,702,197  
    $2,674,330 

    Weighted Average number of shares outstanding 

    Basic 
     11,576,287  
     11,378,595 
  
    Diluted 
     11,576,287  
     11,421,940 

    Basic adjusted EBITDA 
    $0.41  
    $0.24 
  
    Diluted adjusted EBITDA 
    $0.41  
    $0.23 

    (a)The reconciliation of adjusted EBITDA of non-controlling interest to net income attributable to non-controlling interest is as follows 

    Net Income (loss) attributable to non-controlling interest 
    $1,647,686  
    $1,394,056 
  
    Income Taxes 
     321,973  
     198,923 
  
    Depreciation and amortization 
     358,180  
     440,302 
  
    Interest expense 
     251,658  
     354,624 
  
    Interest (income) 
     (567,285) 
     (590,170)
  
    EBITDA 
    $2,012,212  
    $1,797,735 
  
    Add back: 

    Non-c