2024 Q1 Form 10-Q Financial Statement

#000149315224006104 Filed on February 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $15.46M $15.24M
YoY Change 14.5% 22.98%
Cost Of Revenue $7.990M $8.062M
YoY Change -9.22% -12.82%
Gross Profit $7.475M $7.176M
YoY Change 58.87% 128.35%
Gross Profit Margin 48.34% 47.09%
Selling, General & Admin $5.811M $5.807M
YoY Change 12.77% 5.25%
% of Gross Profit 77.75% 80.93%
Research & Development $345.6K $341.4K
YoY Change 14.33% -27.81%
% of Gross Profit 4.62% 4.76%
Depreciation & Amortization $391.3K $429.2K
YoY Change 117.22% 116.51%
% of Gross Profit 5.23% 5.98%
Operating Expenses $6.157M $6.149M
YoY Change 9.25% -0.65%
Operating Profit $1.318M $1.027M
YoY Change -241.64% -133.71%
Interest Expense $289.7K $290.3K
YoY Change 53.97% 43.47%
% of Operating Profit 21.98% 28.27%
Other Income/Expense, Net -$855.5K $106.0K
YoY Change -115.84% -87.74%
Pretax Income $462.4K $1.133M
YoY Change -89.66% -151.92%
Income Tax $146.6K $150.1K
% Of Pretax Income 31.69% 13.25%
Net Earnings $327.5K $408.3K
YoY Change -87.13% -119.51%
Net Earnings / Revenue 2.12% 2.68%
Basic Earnings Per Share $0.03 $0.04
Diluted Earnings Per Share $0.03 $0.04
COMMON SHARES
Basic Shares Outstanding 11.39M shares 11.37M shares
Diluted Shares Outstanding 11.43M shares 11.37M shares

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.34M $15.66M
YoY Change -19.14% -25.24%
Cash & Equivalents $12.34M $15.66M
Short-Term Investments
Other Short-Term Assets $2.398M $2.142M
YoY Change -7.74% -22.05%
Inventory
Prepaid Expenses $1.409M $1.300M
Receivables $15.83M $5.976M
Other Receivables $135.7K $92.64K
Total Short-Term Assets $46.22M $40.08M
YoY Change 13.22% -6.96%
LONG-TERM ASSETS
Property, Plant & Equipment $5.506M $5.666M
YoY Change -19.87% -35.02%
Goodwill $9.303M $9.303M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $32.34K $32.34K
YoY Change 7509.65% 5978.57%
Total Long-Term Assets $17.08M $17.39M
YoY Change -8.77% -19.99%
TOTAL ASSETS
Total Short-Term Assets $46.22M $40.08M
Total Long-Term Assets $17.08M $17.39M
Total Assets $63.31M $57.47M
YoY Change 6.31% -11.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.365M $1.324M
YoY Change 38.16% 40.45%
Accrued Expenses $3.620M $3.601M
YoY Change -11.77% -12.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $107.7K $160.8K
YoY Change -35.58% -16.11%
Total Short-Term Liabilities $22.89M $17.81M
YoY Change 29.67% -7.99%
LONG-TERM LIABILITIES
Long-Term Debt $41.45K $99.53K
YoY Change -80.22% -66.06%
Other Long-Term Liabilities $837.8K $1.022M
YoY Change 28.6% 29.47%
Total Long-Term Liabilities $41.45K $99.53K
YoY Change -80.22% -66.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.89M $17.81M
Total Long-Term Liabilities $41.45K $99.53K
Total Liabilities $23.86M $18.93M
YoY Change 28.83% -7.43%
SHAREHOLDERS EQUITY
Retained Earnings -$44.13M -$44.46M
YoY Change 10.82% 4.94%
Common Stock $123.4K $123.3K
YoY Change 0.87% 0.88%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.921M $3.921M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $35.30M $34.46M
YoY Change
Total Liabilities & Shareholders Equity $63.31M $57.47M
YoY Change 6.31% -11.33%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $327.5K $408.3K
YoY Change -87.13% -119.51%
Depreciation, Depletion And Amortization $391.3K $429.2K
YoY Change 117.22% 116.51%
Cash From Operating Activities -$4.207M -$1.055M
YoY Change -580.8% -370.12%
INVESTING ACTIVITIES
Capital Expenditures $377.8K $200.6K
YoY Change 17.05% -310.54%
Acquisitions
YoY Change
Other Investing Activities $124.6K $1.250K
YoY Change 49.95% -100.33%
Cash From Investing Activities -$253.1K -$199.3K
YoY Change 5.63% -30.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 60.97K 12.64K
YoY Change 207.46% -113.82%
NET CHANGE
Cash From Operating Activities -4.207M -1.055M
Cash From Investing Activities -253.1K -199.3K
Cash From Financing Activities 60.97K 12.64K
Net Change In Cash -4.400M -1.242M
YoY Change -771.38% -11199.37%
FREE CASH FLOW
Cash From Operating Activities -$4.207M -$1.055M
Capital Expenditures $377.8K $200.6K
Free Cash Flow -$4.585M -$1.256M
YoY Change -930.11% -358.44%

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0.04
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11372819 shares
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11270199 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11359338 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11263869 shares
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11372819 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11270199 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11359338 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11263869 shares
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
408316 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-2092926 usd
us-gaap Net Income Loss
NetIncomeLoss
439206 usd
us-gaap Net Income Loss
NetIncomeLoss
-2713655 usd
CY2023Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
840165 usd
CY2022Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
352175 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
370116 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-3799344 usd
CY2023Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
298772 usd
CY2022Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
82380 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
265269 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-1151089 usd
CY2023Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
541393 usd
CY2022Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
269795 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
104847 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-2648255 usd
CY2023Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
949709 usd
CY2022Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1823131 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
544053 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5361910 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
36663121 usd
CY2023Q4 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
39750 usd
CY2023Q4 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
11683 usd
CY2023Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
840165 usd
CY2023Q4 us-gaap Profit Loss
ProfitLoss
982815 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
38537534 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
36781753 usd
CY2023Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
48800 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
11554 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-470049 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
291063 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
36663121 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
46346567 usd
CY2022Q4 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
39750 usd
CY2022Q4 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
24583 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
352175 usd
CY2022Q4 us-gaap Profit Loss
ProfitLoss
-2401963 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
44361112 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
50854223 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
50854223 usd
CY2022Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
39750 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
42084 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4151519 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-437971 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
46346567 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
46346567 usd
us-gaap Profit Loss
ProfitLoss
1273878 usd
us-gaap Profit Loss
ProfitLoss
-2839934 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
959949 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1736503 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
29191 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-67176 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5133 usd
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
98 usd
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
28344 usd
us-gaap Share Based Compensation
ShareBasedCompensation
111787 usd
us-gaap Share Based Compensation
ShareBasedCompensation
146167 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5722791 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3772091 usd
NTWK Increase Decrease Revenues In Excess Of Billing
IncreaseDecreaseRevenuesInExcessOfBilling
-4239762 usd
NTWK Increase Decrease Revenues In Excess Of Billing
IncreaseDecreaseRevenuesInExcessOfBilling
-702812 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-329171 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
529579 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
72501 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
904731 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-3654724 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-696971 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
604684 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1689543 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
570584 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1252325 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1248 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
70283 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-569336 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1182042 usd
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
135123 usd
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
162482 usd
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
537180 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-27359 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-537180 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
118273 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-2987396 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
126262 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3017075 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15533254 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
23963797 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15659516 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
20946722 usd
us-gaap Interest Paid Net
InterestPaidNet
670330 usd
us-gaap Interest Paid Net
InterestPaidNet
226271 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
342643 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
395710 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_841_eus-gaap--UseOfEstimates_z8vu7cd0njH3" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_868_zpbkUATyvqC6">Use of Estimates</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The areas requiring significant estimates are provision for doubtful accounts, provision for taxation, useful life of depreciable assets, useful life of intangible assets, contingencies, assumptions used to determine the net present value of operating lease liabilities, and estimated contract costs. The estimates and underlying assumptions are reviewed on an ongoing basis. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84E_eus-gaap--ConcentrationRiskCreditRisk_z6mtaVQQ3Ji5" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_86F_zYPmhIwh4pf5">Concentration of Credit Risk</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash includes cash on hand and demand deposits in accounts maintained within the United States as well as in foreign countries. Certain financial instruments, which subject the Company to concentration of credit risk, consist of cash and restricted cash. The Company maintains balances at financial institutions which, from time to time, may exceed Federal Deposit Insurance Corporation insured limits for the banks located in the United States. Balances at financial institutions within certain foreign countries are not covered by insurance except balances maintained in China are insured for RMB <span id="xdx_905_eus-gaap--CashUninsuredAmount_iI_uRMB_c20231231__srt--StatementGeographicalAxis__country--CN_zs2ichcYTTt8" title="Uninsured deposits related to cash deposits">500,000</span> ($<span id="xdx_90F_eus-gaap--CashUninsuredAmount_iI_c20231231__srt--StatementGeographicalAxis__country--CN_zughzfoqd3U3" title="Uninsured deposits related to cash deposits">70,621</span>) in each bank and in the UK for GBP <span id="xdx_904_eus-gaap--CashUninsuredAmount_iI_uGBP_c20231231__srt--StatementGeographicalAxis__country--GB_zKHYZldmK9Q7" title="Uninsured deposits related to cash deposits">85,000</span> ($<span id="xdx_90D_eus-gaap--CashUninsuredAmount_iI_c20231231__srt--StatementGeographicalAxis__country--GB_z3Pts0FzMd23" title="Uninsured deposits related to cash deposits">107,595</span>) in each bank. The Company maintains three bank accounts in China and nine bank accounts in the UK. As of December 31, 2023, and June 30, 2023, the Company had uninsured deposits related to cash deposits in accounts maintained within foreign entities of approximately $<span id="xdx_907_eus-gaap--CashUninsuredAmount_iI_pp0p0_c20231231_zSGLY2QF5vP6" title="Uninsured deposits related to cash deposits">14,517,520</span> and $<span id="xdx_90B_eus-gaap--CashUninsuredAmount_iI_pp0p0_c20230630_zOoVrZZ6gr0d" title="Uninsured deposits related to cash deposits">13,524,518</span>, respectively. The Company has not experienced any losses in such accounts.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s operations are carried out globally. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environments of each country and by the general state of the country’s economy. The Company’s operations in each foreign country are subject to specific considerations and significant risks not typically associated with companies in economically developed nations. These include risks associated with, among others, the political, economic and legal environments and foreign currency exchange. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
CY2023Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
14517520 usd
CY2023Q2 us-gaap Cash Uninsured Amount
CashUninsuredAmount
13524518 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
734397 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
734397 usd
NTWK Contract With Customer Asset Additions
ContractWithCustomerAssetAdditions
723895 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
18464 usd
NTWK Contract With Customer Liability Effect Of Translation Adjustment
ContractWithCustomerLiabilityEffectOfTranslationAdjustment
-7962 usd
CY2023Q4 NTWK Contract With Customer Asset
ContractWithCustomerAsset
734397 usd
CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15237941 usd
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12390358 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
29480122 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
25096477 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
17033684 usd
CY2023Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
12377677 usd
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
4426008 usd
CY2023Q2 us-gaap Deferred Revenue
DeferredRevenue
7932306 usd
CY2023Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
7932306 usd
NTWK Deferred Revenue Invoiced
DeferredRevenueInvoiced
7323061 usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
10944715 usd
NTWK Deferred Revenue Adjustments
DeferredRevenueAdjustments
-115356 usd
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
4426008 usd
CY2023Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2248000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6454000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
32816000 usd
CY2023Q4 NTWK Revenue Remaining Performance Obligation Next Twelve Months
RevenueRemainingPerformanceObligationNextTwelveMonths
18471000 usd
CY2023Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-45870309 usd
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-45975156 usd
CY2023Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
541393 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
104847 usd
CY2022Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
269795 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-2648255 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1300059 usd
CY2023Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1299334 usd
CY2023Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
251817 usd
CY2023Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
144428 usd
CY2023Q4 NTWK Employee Advances
EmployeeAdvances
54714 usd
CY2023Q2 NTWK Employee Advances
EmployeeAdvances
68488 usd
CY2023Q4 us-gaap Security Deposit
SecurityDeposit
187546 usd
CY2023Q2 us-gaap Security Deposit
SecurityDeposit
177148 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
92642 usd
CY2023Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
92716 usd
CY2023Q4 NTWK Other Current Assets
OtherCurrentAssets
255709 usd
CY2023Q2 NTWK Other Current Assets
OtherCurrentAssets
196400 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2142487 usd
CY2023Q2 us-gaap Other Assets Current
OtherAssetsCurrent
1978514 usd
CY2023Q4 NTWK Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected After One Year Gross
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedAfterOneYearGross
819885 usd
CY2023Q4 NTWK Fair Value Adjustment Of Revenue In Excess Of Billings Long Term To Subsequent Period
FairValueAdjustmentOfRevenueInExcessOfBillingsLongTermToSubsequentPeriod
85488 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
734397 usd
CY2023Q4 us-gaap Interest Income Operating
InterestIncomeOperating
12309 usd
us-gaap Interest Income Operating
InterestIncomeOperating
18464 usd
CY2022Q4 us-gaap Interest Income Operating
InterestIncomeOperating
9288 usd
us-gaap Interest Income Operating
InterestIncomeOperating
18657 usd
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
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FinanceLeaseRightOfUseAssetAmortization
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FinanceLeaseRightOfUseAssetAmortization
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us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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CY2023Q4 us-gaap Finance Lease Interest Expense
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FinanceLeaseInterestExpense
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us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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CY2023Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
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OperatingLeaseCost
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us-gaap Operating Lease Cost
OperatingLeaseCost
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us-gaap Operating Lease Cost
OperatingLeaseCost
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ShortTermLeaseCost
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ShortTermLeaseCost
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ShortTermLeaseCost
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CY2023Q4 us-gaap Sublease Income
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SubleaseIncome
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SubleaseIncome
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CY2023Q4 us-gaap Lease Cost
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LeaseCost
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LeaseCost
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LeaseCost
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CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2023Q4 NTWK Finite Lived Intangible Assets Effect Of Translation Adjustment
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CY2023Q2 NTWK Finite Lived Intangible Assets Effect Of Translation Adjustment
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CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2023Q2 us-gaap Finite Lived Intangible Assets Net
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CY2023Q4 us-gaap Long Term Loans Payable
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SubsidiaryFinanceLeases
12044 usd
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CY2023Q4 NTWK Notes Payable And Capital Lease
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CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
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5754560 usd
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LongTermLoansPayable
172849 usd
CY2023Q2 NTWK Subsidiary Finance Leases
SubsidiaryFinanceLeases
28330 usd
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SubsidiaryFinanceLeasesCurrent
24950 usd
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SubsidiaryFinanceLeasesNonCurrent
3380 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
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CY2023Q2 NTWK Notes Payable And Capital Lease
NotesPayableAndCapitalLease
5955739 usd
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
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5779510 usd
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
176229 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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13005 usd
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CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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FinanceLeaseLiability
12044 usd
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160788 usd
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LongTermDebt
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.73
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CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
2.73
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
45032 shares
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1736503 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.97
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
45032 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
1.97
CY2023Q4 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
39750 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
88550 usd
CY2022Q4 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
39750 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
79500 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segments
CY2023Q4 us-gaap Assets
Assets
57471586 usd
CY2023Q2 us-gaap Assets
Assets
58379410 usd
CY2023Q4 us-gaap Assets
Assets
57471586 usd
CY2023Q2 us-gaap Assets
Assets
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CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
29480122 usd
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25096477 usd
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29480122 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q4 us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Profit Loss
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CY2023Q4 us-gaap Profit Loss
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us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
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us-gaap Depreciation Amortization And Accretion Net
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CY2023Q4 us-gaap Depreciation Amortization And Accretion Net
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CY2022Q4 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
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CY2023Q4 us-gaap Interest Expense
InterestExpense
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CY2022Q4 us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
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us-gaap Interest Expense
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CY2023Q4 us-gaap Interest Expense
InterestExpense
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CY2022Q4 us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
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us-gaap Interest Expense
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CY2023Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
150053 usd
CY2022Q4 us-gaap Income Tax Expense Benefit
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CY2023Q4 us-gaap Income Tax Expense Benefit
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us-gaap Segment Expenditure Addition To Long Lived Assets
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CY2023Q4 us-gaap Minority Interest
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CY2023Q4 us-gaap Income Tax Expense Benefit
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CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
413404 usd

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