Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 14,744,392 $ 17,357,944
Accounts receivable, net of allowance of $92,025 and $355,464 16,646,299 7,527,572
Revenues in excess of billings, net of allowance of $256,812 and $34,496 18,163,507 18,230,619
Other current assets 2,767,578 3,203,468
Total current assets 52,321,776 46,319,603
Revenues in excess of billings, net - long term 2,824,298 903,766
Property and equipment, net 5,558,409 5,073,372
Right of use assets - operating leases 869,191 809,513
Other assets 7,189 32,331
Other intangible assets, net 1,039,989
Goodwill 9,302,524 9,302,524
Total assets 71,923,376 62,441,109
Current liabilities:    
Accounts payable and accrued expenses 8,132,384 8,010,844
Current portion of loans and obligations under finance leases 8,241,584 8,240,061
Current portion of operating lease obligations 479,751 433,242
Unearned revenue 10,184,195 3,029,850
Total current liabilities 27,037,914 19,713,997
Loans and obligations under finance leases; less current maturities 249,799 134,608
Operating lease obligations; less current maturities 363,430 333,374
Total liabilities 27,651,143 20,181,979
Stockholders’ equity:    
Preferred stock, $.01 par value; 500,000 shares authorized;
Common stock, $.01 par value; 18,000,000 shares authorized; 12,785,940 shares issued and 11,846,909 outstanding as of March 31, 2026, 12,700,465 shares issued and 11,761,434 outstanding as of June 30, 2025 127,862 127,008
Additional paid-in-capital 129,631,529 129,529,901
Treasury stock (at cost, 939,031 shares as of March 31, 2026 and June 30, 2025) (3,920,856) (3,920,856)
Accumulated deficit (42,098,647) (41,289,080)
Other comprehensive loss (46,563,902) (46,613,208)
Total NetSol stockholders’ equity 37,175,986 37,833,765
Non-controlling interest 7,096,247 4,425,365
Total stockholders’ equity 44,272,233 42,259,130
Total liabilities and stockholders’ equity $ 71,923,376 $ 62,441,109