Company: NTWK
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021835
Chunk: 0

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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NETSOL
TECHNOLOGIES, INC. AND SUBSIDIARIES

Condensed
Consolidated Balance Sheets 

(Unaudited)

    As of  
    As of 

    September
    30, 2025  
    June
    30, 2025 
  
    ASSETS 

    Current assets: 

    Cash and cash
    equivalents 
    $22,690,618  
    $17,357,944 
  
    Accounts receivable, net
    of allowance of $359,088 and $355,464 
     6,320,988  
     7,527,572 
  
    Revenues in excess of billings,
    net of allowance of $31,662 and $34,496 
     13,994,651  
     18,230,619 
  
    Other current assets 
     3,586,732  
     3,203,468 
  
    Total
    current assets 
     46,592,989  
     46,319,603 
  
    Revenues in excess of billings, net - long
    term 
     881,053  
     903,766 
  
    Property and equipment, net 
     5,188,592  
     5,073,372 
  
    Right of use assets - operating leases 
     653,418  
     809,513 
  
    Other assets 
     6,938  
     32,331 
  
    Goodwill 
     9,302,524  
     9,302,524 
  
    Total
    assets 
    $62,625,514  
    $62,441,109 

    LIABILITIES AND STOCKHOLDERS’
    EQUITY 

    Current liabilities: 

    Accounts payable and accrued
    expenses 
    $9,191,552  
    $8,010,844 
  
    Current portion of loans
    and obligations under finance leases 
     8,330,243  
     8,240,061 
  
    Current portion of operating
    lease obligations 
     401,655  
     433,242 
  
    Unearned revenue 
     3,735,828  
     3,029,850 
  
    Total
    current liabilities 
     21