Company: NTWK
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021835
Chunk: 80

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 80
---
 to net income attributable to
    non-controlling interest is as follows 

    Net Income (loss) attributable to non-controlling interest 
    $139,923  
    $146,914 
  
    Income Taxes 
     39,792  
     70,587 
  
    Depreciation and amortization 
     75,085  
     89,135 
  
    Interest expense 
     48,827  
     79,192 
  
    Interest (income) 
     (79,679) 
     (242,647)
  
    EBITDA 
    $223,948  
    $143,181 
  
    Add back: 

    Non-cash stock-based compensation 
     -  
     2,600 
  
    Adjusted EBITDA of non-controlling interest 
    $223,948  
    $145,781 

Page 39

LIQUIDITY
AND CAPITAL RESOURCES 

Our
cash position was $22,690,618 at September 30, 2025, compared to $17,357,944 at June 30, 2025.

Net
cash provided by operating activities was $5,303,561 for the three months ended September 30, 2025 compared to $5,517,745 for the three
months ended September 30, 2024. At September 30, 2025, we had current assets of $46,592,989 and current liabilities of $21,659,278.
We had accounts receivable of $6,320,988 at September 30, 2025 compared to $7,527,572 at June 30, 2025. We had revenues in excess of
billings of $14,875,704 at September 30, 2025 compared to $19,134,385 at June 30, 2025 of which $881,053 and $903,766 is shown as long-term
as of September 30, 2025 and June 30, 2025, respectively. The long-term portion was discounted by $183,137 and $208,037 at September
30, 2025 and June 30, 2025, respectively, using the discounted cash flow method with interest rates ranging from 4.2% to 17.5%. During
the three months ended September 30, 2025, our revenues in