Company: NTWK
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021835
Chunk: 22

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 22
---
For
the three months ended September 30, 2025, the Company had three customers that comprised 24.7%, 14.8% and 10.4% of the Company’s
net revenues, respectively.

For
the three months ended September 30, 2024, the Company had two customers that comprised 22% and 16.9% of the Company’s net revenues,
respectively.

As
of September 30, 2025, no customer accounted for more than 10% of accounts receivable.

As
of June 30, 2025, three customers accounted for 16.8%, 16.1% and 10.8% of accounts receivable, respectively.

As
of September 30, 2025, four customers accounted for 22.2%, 20.7%, 12.1% and 11.5% of revenues in excess of billings, respectively.

As
of June 30, 2025, four customers accounted for 24.2%, 16.9%, 15.9% and 11.9% of revenues in excess of billings, respectively.

    Page 17

NETSOL
TECHNOLOGIES, INC.

Notes
to Condensed Consolidated Financial Statements

September
30, 2025

(Unaudited)

NOTE
7 - OTHER CURRENT ASSETS 

Other
current assets consisted of the following:

 SCHEDULE OF OTHER CURRENT ASSETS

    As of
                                                                               September 30, 2025  
    As of
                                                                               June 30, 2025 

    Prepaid Expenses 
    $1,706,683  
    $1,760,321 
  
    Advance Income Tax 
     513,327  
     406,221 
  
    Employee Advances 
     293,549  
     151,355 
  
    Security Deposits 
     194,280  
     159,849 
  
    Other Receivables 
     375,428  
     410,489 
  
    Other Assets 
     503,465  
     315,233 
  
    Net Balance 
    $3,586,732  
    $3,203,468 

NOTE
8 – REVENUES IN EXCESS OF BILLINGS – LONG TERM

Revenues
in excess of billings, net consisted of the following:

 SCHEDULE OF RE