Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.25.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2025
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 22,690,618 $ 17,357,944
Accounts receivable, net of allowance of $359,088 and $355,464 6,320,988 7,527,572
Revenues in excess of billings, net of allowance of $31,662 and $34,496 13,994,651 18,230,619
Other current assets 3,586,732 3,203,468
Total current assets 46,592,989 46,319,603
Revenues in excess of billings, net - long term 881,053 903,766
Property and equipment, net 5,188,592 5,073,372
Right of use assets - operating leases 653,418 809,513
Other assets 6,938 32,331
Goodwill 9,302,524 9,302,524
Total assets 62,625,514 62,441,109
Current liabilities:    
Accounts payable and accrued expenses 9,191,552 8,010,844
Current portion of loans and obligations under finance leases 8,330,243 8,240,061
Current portion of operating lease obligations 401,655 433,242
Unearned revenue 3,735,828 3,029,850
Total current liabilities 21,659,278 19,713,997
Loans and obligations under finance leases; less current maturities 218,170 134,608
Operating lease obligations; less current maturities 224,417 333,374
Total liabilities 22,101,865 20,181,979
Stockholders’ equity:    
Preferred stock, $.01 par value; 500,000 shares authorized;
Common stock, $.01 par value; 18,000,000 shares authorized; 12,733,907 shares issued and 11,794,876 outstanding as of September 30, 2025; 12,700,465 shares issued and 11,761,434 outstanding as of June 30, 2025 127,342 127,008
Additional paid-in-capital 129,636,251 129,529,901
Treasury stock (at cost, 939,031 shares as of September 30, 2025 and June 30, 2025) (3,920,856) (3,920,856)
Accumulated deficit (43,646,368) (41,289,080)
Other comprehensive loss (46,402,374) (46,613,208)
Total NetSol stockholders’ equity 35,793,995 37,833,765
Non-controlling interest 4,729,654 4,425,365
Total stockholders’ equity 40,523,649 42,259,130
Total liabilities and stockholders’ equity $ 62,625,514 $ 62,441,109