Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 732

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 2
Chunk 732
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, and property, plant, and equipment. Corporate assets, which primarily consist of cash and cash equivalents, goodwill,
and assets associated with the Company’s corporate headquarters, are not allocated to the geographic segments and are shown separately.

The
accounting policies of the reportable segments are the same as those described in Note 1, “Summary of Significant Accounting Policies.”
Intersegment revenues are eliminated in consolidation.

Prior
year results have been restated to conform to the current year presentation, reflecting the use of gross profit and income from operations
as the measures of segment performance evaluated by the CODM.

    F-35

NETSOL
TECHNOLOGIES, INC.

Notes
to Consolidated Financial Statements

June
30, 2025 and 2024

The
following tables present financial information by reportable segment for the year ended June 30, 2025:

 SCHEDULE
OF FINANCIAL INFORMATION BY REPORTABLE SEGMENT

    North
    America  
    Europe  
    Asia
    - Pacific  
    Total 

    For
    the Year Ended 

    June
    30, 2025 

    North
    America  
    Europe  
    Asia
    - Pacific  
    Total 
  
    Revenues 

    License 
    $-  
    $111,377  
    $487,256  
    $598,633 
  
    Subscription
    and support 
     5,603,900  
     4,560,260  
     22,770,488  
     32,934,648 
  
    Services 
     6,399,927  
     9,972,363  
     16,182,658  
     32,554,948 
  
    Intersegment
    revenues 
     -   
     -  
     7,000,458  
     7,000,458 
  
    Total
    revenue from reportable segments 
    $12,003,827  
    $14,644,000  
    $46,440,860  
    $73,088,687 
  
    Elimination
    of intersegment revenues 
     -   
     -   
     -   
     (7,000,458)
  
    Total
    consolidated revenues 

    $66,088,229