Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.3
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Net Revenues:    
Total net revenues $ 61,393,091 $ 52,393,215
Cost of revenues 32,108,221 35,477,652
Gross profit 29,284,870 16,915,563
Operating expenses:    
Selling, general and administrative 24,388,714 24,093,908
Research and development cost 1,402,601 1,601,613
Total operating expenses 25,791,315 25,695,521
Income (loss) from operations 3,493,555 (8,779,958)
Other income and (expenses)    
Interest expense (1,142,166) (765,030)
Interest income 1,911,258 1,217,850
Gain (loss) on foreign currency exchange transactions (1,187,320) 6,748,038
Share of net loss from equity investment (1,033,243)
Other income (expense) 148,120 (605,570)
Total other income (expenses) (270,108) 5,562,045
Net income (loss) before income taxes 3,223,447 (3,217,913)
Income tax provision (1,145,518) (926,560)
Net income (loss) 2,077,929 (4,144,473)
Non-controlling interest (1,394,056) (1,099,275)
Net income (loss) attributable to NetSol $ 683,873 $ (5,243,748)
Net income (loss) per share:    
Basic $ 0.06 $ (0.46)
Diluted $ 0.06 $ (0.46)
Weighted average number of shares outstanding    
Basic 11,378,595 11,279,966
Diluted 11,421,940 11,279,966
License [Member]    
Net Revenues:    
Total net revenues $ 5,449,991 $ 2,269,564
Subscription and Support [Member]    
Net Revenues:    
Total net revenues 27,952,768 25,980,661
Service [Member]    
Net Revenues:    
Total net revenues $ 27,990,332 $ 24,142,990