NETSOL Technologies, Inc. Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

6 Months Ended

Dec. 31, 2018

A summary of the changes in equity for the six months ended December 31, 2018 is provided below:


														Stock						Other
					Additional									Sub-						Compre-			Non			Total
	Common Stock				Paid-in			Treasury			Accumulated			scriptions			Shares to			hensive			Controlling			Stockholders’
	Shares		Amount		Capital			Shares			Deficit			Receivable			be Issued			Loss			Interest			Equity
Balance at June 30, 2018		11,708,469	$	117,085	$	126,479,147		$	(1,205,024	)	$	(37,994,502	)	$	(221,000	)	$	-		$	(24,386,071	)	$	14,146,417			76,936,052
Adjustment in retained earnings on adoption of ASC 606		-		-		-			-			(5,795,795	)		-			-			-			(2,957,860	)		(8,753,655	)
Exercise of subsidiary common stock options		-		-		(6,629	)		-			-			-			-			-			9,279			2,650
Common stock issued for:
Services		73,891		739		445,801			-			-			-			-			-			-			446,540
Equity component shown as current liability at
June 30, 2018		-		-		-			-			-			-			88,324			-			-			88,324
September 30, 2018		-		-		-			-			-			-			(88,324	)		-			-			(88,324	)
Foreign currency translation adjustment		-		-		-			-			-			-			-			(263,203	)		(200,873	)		(464,076	)
Net income for the year		-		-		-			-			962,589			-			-			-			318,546			1,281,135
Balance at September 30, 2018		11,782,360	$	117,824	$	126,918,319		$	(1,205,024	)	$	(42,827,708	)	$	(221,000	)	$	-		$	(24,649,274	)	$	11,315,509		$	69,448,646

													Stock						Other
					Additional								Sub-						Compre-			Non			Total
	Common Stock				Paid-in		Treasury			Accumulated			scriptions			Shares to			hensive			Controlling			Stockholders’
	Shares		Amount		Capital		Shares			Deficit			Receivable			be Issued			Loss			Interest			Equity
Balance at September 30, 2018		11,782,360	$	117,824	$	126,918,319	$	(1,205,024	)	$	(42,827,708	)	$	(221,000	)	$	-		$	(24,649,274	)	$	11,315,509			69,448,646

Exercise of common stock options		10,000		100		64,900		-			-			-			-			-			-			65,000
Common stock issued for:
Services		67,950		679		415,519		-			-			-			-			-			-			416,198
Equity component shown as current liability at
September 30, 2018		-		-		-		-			-			-			88,324			-			-			88,324
December 31, 2018		-		-		-		-			-			-			(88,324	)		-			-			(88,324	)
Dividend to non-controlling interest		-		-		-		-			-			-			-			-			(566,465	)		(566,465	)
Foreign currency translation adjustment		-		-		-		-			-			-			-			(3,797,537	)		(1,986,953	)		(5,784,490	)
Net income for the year		-		-		-		-			2,855,629			-			-			-			1,475,355			4,330,984
Balance at December 31, 2018		11,860,310	$	118,603	$	127,398,738	$	(1,205,024	)	$	(39,972,079	)	$	(221,000	)	$	-		$	(28,446,811	)	$	10,237,446		$	67,909,873

A summary of the changes in equity for the six months ended December 31, 2017 is provided below:

													Stock						Other
					Additional								Sub-						Compre-			Non			Total
	Common Stock				Paid-in		Treasury			Accumulated			scriptions			Shares to			hensive			Controlling			Stockholders’
	Shares		Amount		Capital		Shares			Deficit			Receivable			be Issued			Loss			Interest			Equity

Balance at June 30, 2017		11,225,385	$	112,254	$	124,409,998	$	(454,310	)	$	(42,301,390	)	$	(297,511	)	$	-		$	(18,074,570	)	$	14,799,082			78,193,553
Exercise of common stock options		35,773		358		138,442		-			-			-			-			-			-			138,800
Common stock issued for:
Services		71,971		719		438,589		-			-			-			-			-			-			439,308
Purchase of treasury shares		-		-		-		(500,663	)		-			-			-			-			-			(500,663	)
Equity component shown as current liability at
June 30, 2017		-		-		-		-			-			-			88,324			-			-			88,324
September 30, 2017		-		-		-		-			-			-			(88,324	)		-			-			(88,324	)
Payment received for stock subscription		-		-		-		-			-			23,585			-			-			-			23,585
Foreign currency translation adjustment		-		-		-		-			-			-			-			(588,579	)		(237,165	)		(825,744	)
Net income (loss) for the year		-		-		-		-			(369,498	)		-			-			-			188,233			(181,265	)
Balance at September 30, 2017		11,333,129	$	113,331	$	124,987,029	$	(954,973	)	$	(42,670,888	)	$	(273,926	)	$	-		$	(18,663,149	)	$	14,750,150		$	77,287,574

														Stock						Other
					Additional									Sub-						Compre-			Non			Total
	Common Stock				Paid-in			Treasury			Accumulated			scriptions			Shares to			hensive			Controlling			Stockholders’
	Shares		Amount		Capital			Shares			Deficit			Receivable			be Issued			Loss			Interest			Equity

Balance at September 30, 2017		11,333,129	$	113,331	$	124,987,029		$	(954,973	)	$	(42,670,888	)	$	(273,926	)	$	-		$	(18,663,149	)	$	14,750,150			77,287,574
Exercise of subsidiary common stock options		-		-		(16,600	)		-			-			-			-			-			24,355			7,755
Common stock issued for:
Services		62,272		623		383,606			-			-			-			-			-			-			384,229
Purchase of treasury shares		-		-		-			(100,357	)		-			-			-			-			-			(100,357	)
Equity component shown as current liability at
September 30, 2017		-		-		-			-			-			-			88,324			-			-			88,324
December 31, 2017		-		-		-			-			-			-			(88,324	)		-			-			(88,324	)
Dividend to non-controlling interest		-		-		-			-			-			-			-			-			(417,853	)		(417,853	)
Payment received for stock subscription		-		-		-			-			-			52,926			-			-			-			52,926
Foreign currency translation adjustment		-		-		-			-			-			-			-			(1,612,881	)		(841,009	)		(2,453,890	)
Net income for the year		-		-		-			-			634,421			-			-			-			1,027,581			1,662,002
Balance at December 31, 2017		11,395,401	$	113,954	$	125,354,035		$	(1,055,330	)	$	(42,036,467	)	$	(221,000	)	$	-		$	(20,276,030	)	$	14,543,224		$	76,422,386