Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.23.3
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Net Revenues:    
Total net revenues $ 52,393,215 $ 57,247,979
Cost of revenues 35,477,652 33,510,805
Gross profit 16,915,563 23,737,174
Operating expenses:    
Selling, general and administrative 24,093,908 23,473,343
Research and development cost 1,601,613 1,342,154
Total operating expenses 25,695,521 24,815,497
Loss from operations (8,779,958) (1,078,323)
Other income and (expenses)    
Interest expense (765,030) (369,801)
Interest income 1,217,850 1,655,883
Gain on foreign currency exchange transactions 6,748,038 4,327,590
Share of net loss from equity investment (1,033,243) (2,021,480)
Other income (expense) (605,570) (424,128)
Total other income (expenses) 5,562,045 3,168,064
Net income (loss) before income taxes (3,217,913) 2,089,741
Income tax provision (926,560) (988,938)
Net income (loss) (4,144,473) 1,100,803
Non-controlling interest (1,099,275) (1,951,959)
Net income (loss) attributable to NetSol $ (5,243,748) $ (851,156)
Net income (loss) per share:    
Basic $ (0.46) $ (0.08)
Diluted $ (0.46) $ (0.08)
Weighted average number of shares outstanding    
Basic 11,279,966 11,250,219
Diluted 11,279,966 11,250,219
License [Member]    
Net Revenues:    
Total net revenues $ 2,269,564 $ 4,539,260
Subscription and Support [Member]    
Net Revenues:    
Total net revenues 25,980,661 28,284,759
Service [Member]    
Net Revenues:    
Total net revenues $ 24,142,990 $ 24,423,960