Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Net Revenues:    
Total net revenues $ 16,396,545 $ 12,818,776
Cost of revenues:    
Salaries and consultants 5,020,562 5,464,160
Travel 1,151,997 513,112
Depreciation and amortization 937,604 1,173,113
Other 1,048,324 856,582
Total cost of revenues 8,158,487 8,006,967
Gross profit 8,238,058 4,811,809
Operating expenses:    
Selling and marketing 1,701,326 1,711,296
Depreciation and amortization 212,232 245,873
General and administrative 4,406,720 3,787,558
Research and development cost 318,155 185,085
Total operating expenses 6,638,433 5,929,812
Income (loss) from operations 1,599,625 (1,118,003)
Other income and (expenses)    
Gain (loss) on sale of assets 52,294 (7,130)
Interest expense (99,434) (118,071)
Interest income 248,964 136,911
Gain on foreign currency exchange transactions 10,912 1,016,362
Share of net loss from equity investment (299,691) (67,562)
Other income (expense) 5,379 1,099
Total other income (expenses) (81,576) 961,609
Net income (loss) before - income taxes 1,518,049 (156,394)
Income tax provision (236,914) (24,871)
Net income (loss) 1,281,135 (181,265)
Non-controlling interest (318,546) (188,233)
Net income (loss) attributable to NetSol $ 962,589 $ (369,498)
Net income (loss) per share:    
Net income (loss) per common share Basic $ 0.08 $ (0.03)
Net income (loss) per common share Diluted $ 0.08 $ (0.03)
Weighted average number of shares outstanding    
Basic 11,502,616 11,099,113
Diluted 11,507,730 11,099,113
License Fees [Member]    
Net Revenues:    
Total net revenues $ 5,956,113 $ 326,066
Maintenance Fees [Member]    
Net Revenues:    
Total net revenues 3,638,327 3,473,725
Services [Member]    
Net Revenues:    
Total net revenues 6,418,634 7,017,737
License Fees - Related Party [Member]    
Net Revenues:    
Total net revenues 44,408
Maintenance Fees - Related Party [Member]    
Net Revenues:    
Total net revenues 101,349 102,963
Services - Related Party [Member]    
Net Revenues:    
Total net revenues $ 282,122 $ 1,853,877