Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Net Revenues:    
Total net revenues $ 13,420,761 $ 12,647,378
Cost of revenues:    
Salaries and consultants 5,662,410 4,526,649
Travel 214,132 103,752
Depreciation and amortization 765,735 707,249
Other 1,335,461 928,153
Total cost of revenues 7,977,738 6,265,803
Gross profit 5,443,023 6,381,575
Operating expenses:    
Selling and marketing 1,619,993 1,609,604
Depreciation and amortization 214,271 221,790
General and administrative 3,973,139 3,427,636
Research and development cost 275,230 85,989
Total operating expenses 6,082,633 5,345,019
Income (loss) from operations (639,610) 1,036,556
Other income and (expenses)    
Loss on sale of assets (110,600) (21,742)
Interest expense (101,013) (103,327)
Interest income 443,133 200,821
Gain on foreign currency exchange transactions 1,284,148 296,041
Share of net loss from equity investment (160,965) (107,850)
Other income 3,029 87,272
Total other income (expenses) 1,357,732 351,215
Net income before  income taxes 718,122 1,387,771
Income tax provision (167,627) (264,294)
Net income 550,495 1,123,477
Non-controlling interest (362,526) (405,923)
Net income attributable to NetSol $ 187,969 $ 717,554
Net income  per share:    
Basic $ 0.02 $ 0.06
Diluted $ 0.02 $ 0.06
Weighted average number of shares outstanding    
Basic 11,254,205 11,787,233
Diluted 11,254,205 11,787,233
License [Member]    
Net Revenues:    
Total net revenues $ 10,716 $ 3,475
Subscription and Support [Member]    
Net Revenues:    
Total net revenues 6,230,389 5,171,863
Service [Member]    
Net Revenues:    
Total net revenues $ 7,179,656 $ 7,472,040