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

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

EARNINGS PER SHARE

6 Months Ended

Dec. 31, 2021

NOTE 4 – EARNINGS PER SHARE

Basic earnings per share are computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and stock awards.

The components of basic and diluted earnings per share were as follows:

	For the three months ended December 31, 2021						For the six months ended December 31, 2021
	Net Income		Shares		Per Share		Net Income		Shares		Per Share
Basic income per share:
Net income available to common shareholders	$	1,406,785		11,244,539	$	0.13	$	1,594,754		11,249,372	$	0.14
Effect of dilutive securities
Share grants		-		-		-		-		-		-
Diluted income per share	$	1,406,785		11,244,539	$	0.13	$	1,594,754		11,249,372	$	0.14

	For the three months ended December 31, 2020								For the six months ended December 31, 2020
	Net Loss			Shares		Per Share			Net Income		Shares		Per Share

Basic income (loss) per share:
Net income (loss) available to common shareholders	$	(242,104	)		11,580,030	$	(0.02	)	$	475,450		11,683,631	$	0.04
Effect of dilutive securities
Share grants		-			-		-			-		-		-
Diluted income per share	$	(242,104	)		11,580,030	$	(0.02	)	$	475,450		11,683,631	$	0.04

For the three months ended December 31, 2020, 41,112 share grants were excluded from the shares used to calculate diluted earnings per share as their inclusion would have been anti-dilutive.