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NetSol Technologies Inc.
16000 Ventura Blvd.,, Suite 770
Phone: (818) 222-9195p:818 222-9195 ENCINO, CA  91436  United States Ticker: NTWKNTWK
On 5/3/2024, the Securities and Exchange Commission (SEC) charged BF Borgers CPA PC and its owner, Benjamin F. Borgers, with significant violations of Public Company Accounting Oversight Board (PCAOB) standards across more than 1,500 SEC filings from January 2021 to June 2023. The charges included falsely representing compliance with PCAOB standards to clients, fabricating audit documentation, and inaccurately stating compliance in audit reports. According to the SEC's order, of 369 BF Borgers' clients whose public filings from January 2021 through June 2023 incorporated the firm's audits and reviews, at least 75 percent of the filings incorporated audits and reviews that did not comply with PCAOB standards. The financials in this report may include past audits and reviews conducted by BF Borgers CPA PC that are deemed not compliant with PCAOB standards.
Business Summary
NetSol Technologies, Inc. is a provider of information technology (IT) and enterprise software solutions primarily serving the global leasing and finance industry. The Company is engaged in licensing, subscriptions, modification, enhancement and support of its suite of financial applications, under the brand name NFS Ascent to businesses in the global finance and leasing space. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s products include transcend platform, digital retail, intermediary portals, originations, servicing, wholesale finance, and mobility solutions. Its solutions include asset finance, automotive finance, and equipment finance. Its solutions include Omni Point of Sale (Omni POS), Contract Management System (CMS), Wholesale Finance System (WFS), Otoz Platform, Appex Now, Mobile Point of Sale (mPOS), Mobile Field Investigator (mFI), Otoz Digital Retail, Otoz Mobility Orchestration, among others.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/20246/30/2024YesYes---

Industries
SIC Code Description
7372 Prepackaged software
7371 Computer programming services
7373 Computer integrated systems design
8748 Business consulting services, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, Chief Executive Officer, Director Najeeb UllahGhauri 70 10/6/2006 1/1/1997
President NaeemGhauri 67 6/14/2021 1/1/1999
Chief Financial Officer Roger K.Almond 59 9/9/2013 9/9/2013
5 additional Officers and Directors records available in full report.

Business Names
Business Name
Ascent Europe Ltd.
NETSOL Ascent Middle East Computer Equipment Trading LLC
NetSol Connect (Private), Ltd.
17 additional Business Names available in full report.

General Information
Number of Employees: 1,569 (As of 6/30/2024)
Outstanding Shares: 11,474,841 (As of 11/6/2024)
Shareholders: 123
Stock Exchange: NASD
Federal Tax Id: 954627685
Fax Number: (818) 222-9197
Email Address: info@netsolpk.com


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Friday, January 31, 2025