Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.24.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Net Revenues:    
Total net revenues $ 14,598,498 $ 14,242,181
Cost of revenues 8,034,386 8,080,164
Gross profit 6,564,112 6,162,017
Operating expenses:    
Selling, general and administrative 6,964,321 5,432,969
Research and development cost 359,949 378,419
Total operating expenses 7,324,270 5,811,388
Income (loss) from operations (760,158) 350,629
Other income and (expenses)    
Interest expense (258,219) (276,017)
Interest income 769,867 414,718
Gain (loss) on foreign currency exchange transactions 542,545 (134,253)
Other income 153,491 57,881
Total other income (expenses) 1,207,684 62,329
Net income before income taxes 447,526 412,958
Income tax provision (229,817) (121,895)
Net income 217,709 291,063
Non-controlling interest (146,914) (260,173)
Net income attributable to NetSol $ 70,795 $ 30,890
Net income per share:    
Basic $ 0.006 $ 0.003
Diluted $ 0.006 $ 0.003
Weighted average number of shares outstanding    
Basic 11,429,695 11,345,856
Diluted 11,482,754 11,345,856
License [Member]    
Net Revenues:    
Total net revenues $ 1,229 $ 1,280,449
Subscription and Support [Member]    
Net Revenues:    
Total net revenues 8,192,471 6,512,243
Service [Member]    
Net Revenues:    
Total net revenues $ 6,404,798 $ 6,449,489