Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 460

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1B
Chunk 460
---
,345 incremental
shares, calculated using the treasury stock method.

    F-22

NETSOL
                                            TECHNOLOGIES, INC.

Notes
to Consolidated Financial Statements

June
30, 2025 and 2024

NOTE
5 – MAJOR CUSTOMERS

The
following table describes the revenues from major customers:

 SCHEDULE
OF REVENUES AND RECEIVABLES FROM MAJOR CUSTOMERS

    For the Years 

    Ended
    June 30, 

    2025  
    %  
    2024  
    % 
  
    Net Revenues: 

    Daimler Financial
    Services 
    $12,593,836  
     19.1% 
    $15,670,054  
     25.5%
  
    BMW Financial 
    $10,671,666  
     16.1% 
    $4,334,024  
     7.1%

The
following table describes the receivables from major customers:

    As of  
    As of 

    June
    30, 2025  
    June
    30, 2024 
  
    Accounts Receivable 

    Daimler Financial
    Services 
    $1,268,847  
    $538,648 
  
    BMW Financial 
    $850,319  
    $505,875 

    Revenue in Excess of Billing 

    Daimler Financial Services 
    $489,208  
    $892,109 
  
    BMW Financial 
    $2,303,982  
    $1,419,997 

NOTE
6 - OTHER CURRENT ASSETS 

Other
current assets consisted of the following:

 SCHEDULE OF OTHER CURRENT ASSETS

    As of  
    As of 

    June
    30, 2025  
    June
    30, 2024 

    Prepaid Expenses 
    $1,760,321  
    $1,314,524 
  
    Advance Income Tax 
     406,221  
     300,368 
  
    Employee Advances 
     151,355  
     165,264 
  
    Security Deposits 
     159,849  
     199,633 
  
    Other Receivables 
     410,489  
     258,