Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.25.4
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2025
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 18,132,086 $ 17,357,944
Accounts receivable, net of allowance of $401,507 and $355,464 7,776,096 7,527,572
Revenues in excess of billings, net of allowance of $84,882 and $34,496 17,080,695 18,230,619
Other current assets 3,423,634 3,203,468
Total current assets 46,412,511 46,319,603
Revenues in excess of billings, net - long term 763,396 903,766
Property and equipment, net 5,185,764 5,073,372
Right of use assets - operating leases 1,015,011 809,513
Other assets 6,941 32,331
Goodwill 9,302,524 9,302,524
Total assets 62,686,147 62,441,109
Current liabilities:    
Accounts payable and accrued expenses 8,059,205 8,010,844
Current portion of loans and obligations under finance leases 8,509,841 8,240,061
Current portion of operating lease obligations 542,022 433,242
Unearned revenue 2,884,757 3,029,850
Total current liabilities 19,995,825 19,713,997
Loans and obligations under finance leases; less current maturities 337,028 134,608
Operating lease obligations; less current maturities 414,725 333,374
Total liabilities 20,747,578 20,181,979
Stockholders’ equity:    
Preferred stock, $.01 par value; 500,000 shares authorized;
Common stock, $.01 par value; 18,000,000 shares authorized; 12,753,209 shares issued and 11,814,178 outstanding as of December 31, 2025, 12,700,465 shares issued and 11,761,434 outstanding as of June 30, 2025 127,535 127,008
Additional paid-in-capital 129,545,854 129,529,901
Treasury stock (at cost, 939,031 shares as of December 31, 2025 and June 30, 2025) (3,920,856) (3,920,856)
Accumulated deficit (43,399,611) (41,289,080)
Other comprehensive loss (46,413,009) (46,613,208)
Total NetSol stockholders’ equity 35,939,913 37,833,765
Non-controlling interest 5,998,656 4,425,365
Total stockholders’ equity 41,938,569 42,259,130
Total liabilities and stockholders’ equity $ 62,686,147 $ 62,441,109