Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Net Revenues:    
Total net revenues $ 12,706,119 $ 13,420,761
Cost of revenues:    
Salaries and consultants 6,086,735 5,662,410
Travel 392,345 214,132
Depreciation and amortization 654,049 765,735
Other 1,320,993 1,335,461
Total cost of revenues 8,454,122 7,977,738
Gross profit 4,251,997 5,443,023
Operating expenses:    
Selling and marketing 1,762,177 1,619,993
Depreciation and amortization 190,954 214,271
General and administrative 3,725,430 3,973,139
Research and development cost 469,627 275,230
Total operating expenses 6,148,188 6,082,633
Loss from operations (1,896,191) (639,610)
Other income and (expenses)    
Gain (loss) on sale of assets 23,296 (110,600)
Interest expense (121,610) (101,013)
Interest income 431,857 443,133
Gain on foreign currency exchange transactions 1,315,705 1,284,148
Share of net loss from equity investment (160,965)
Other income (expense) 2,320 3,029
Total other income (expenses) 1,651,568 1,357,732
Net income (loss) before income taxes (244,623) 718,122
Income tax provision (193,348) (167,627)
Net income (loss) (437,971) 550,495
Non-controlling interest (182,758) (362,526)
Net income (loss) attributable to NetSol $ (620,729) $ 187,969
Net income (loss) per share:    
Basic $ (0.06) $ 0.02
Diluted $ (0.06) $ 0.02
Weighted average number of shares outstanding    
Basic 11,257,539 11,254,205
Diluted 11,257,539 11,254,205
License [Member]    
Net Revenues:    
Total net revenues $ 249,960 $ 10,716
Subscription And Support [Member]    
Net Revenues:    
Total net revenues 6,016,834 6,230,389
Service [Member]    
Net Revenues:    
Total net revenues $ 6,439,325 $ 7,179,656