SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 23, 1999
NETSOL INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation)
| 000-22773 (Commission File Number) |
95-4627685 (IRS Employer Identification No.) |
|
24025 Park Sorrento, Suite 220, Calabasas, CA (Address of principal executive offices) |
91302 (Zip Code) |
Registrant's telephone number, including area code: 818/222-9195
5000 North Calabasas Parkway, Suite 202, Calabasas, CA 91301
(Former name or former address, if changed since last report)
NetSol International, Inc. (the "Company") hereby files this Amendment No. 1 to its Current Report on form 8-K, filed with the Commission on April 28, 1999, to attach as an exhibit thereto the financial statements of the businesses acquired as listed in Item 7 hereof.
Item 7. Financial Statements and Exhibits
Netsol (UK) Limited as of June 30, 1998 (audited) are attached as Exhibit 99.1 to this report.
Network Solutions (Pvt) Limited as of June 30, 1998 (audited) are attached as Exhibit 99.2 to this report.
UNAUDITED PROFORMA DISCLOSURES
The following unaudited proforma results of operations and net loss per share assume that the acquisitions of Network Solutions (Pvt) Limited and Netsol (UK) Limited occurred as of the beginning of each period presented, after giving effect to proforma adjustments. The proforma adjustment represents amortization of goodwill, product licenses, renewals, enhancements, copyrights, trademarks and tradenames, and customer lists. The proforma adjustment also includes adjustments to common stock shares issued and outstanding, that relate to the acquisition of subsidiaries, as if they had occurred as of the beginning of each period presented. The proforma financial information is presented for informational purposes only and may not necessarily be indicative of the operating results that would have occurred had these acquisitions been consummated as of the beginning of each period presented, nor is it indicative of future operating results.
| |
June 30, 1997 |
June 30, 1998 |
||||||
|---|---|---|---|---|---|---|---|---|
| Net sales | $ | 1,691,262 | $ | 2,083,476 | ||||
| Cost of sales | $ | 953,657 | $ | 1,327,125 | ||||
| Operating expenses | $ | 946,031 | $ | 2,022,760 | ||||
| Net loss | $ | (208,486 | ) | $ | (1,266,409 | ) | ||
| Net loss per share: | ||||||||
| Basic and diluted | $ | (0.16 | ) | $ | (0.20 | ) | ||
2
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Dated: June 7, 2001 | NETSOL INTERNATIONAL, INC. | |||
By: |
/s/ NAJEEB GHAURI Najeeb Ghauri |
|||
| Its: | Chief Executive Officer | |||