Company: NTWK
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021835
Chunk: 33

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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    Exercised 
     -  
     -  
     -  

    Expired / Cancelled 
     -  
     -  
     -  

    Outstanding and exercisable, September 30, 2025 
     50,000  
    $2.94  
     1.64  
    $90,500 

The
aggregate intrinsic value at September 30, 2025 represents the difference between the Company’s closing stock price of $4.75 on
September 30, 2025 and the exercise price of the in-the-money stock options.

The
following table summarizes information about stock options outstanding and exercisable at September 30, 2025.

 SUMMARY OF STOCK OPTIONS OUTSTANDING

    Exercise Price 
    Number
                                                                               Outstanding
                                                                               and
                                                                               Exercisable  
    Weighted Average
                                                                               Remaining
                                                                               Contractual Life  
    Weighted Average
                                                                               Exercise Price 
  
    OPTIONS: 

    $2.94 
     50,000  
     1.64  
    $2.94 
  
    Totals 
     50,000  
     1.64  
    $2.94 

NOTE
15– OPERATING SEGMENTS 

The
Company has identified three segments for its products and services: North America, Europe, and Asia-Pacific. The reportable segments
are business units located in different global regions. Each business unit provides similar products and services: license fees for leasing
and asset-based software, subscription and support fees, and implementation and IT consulting services. Separate management of each segment
is required because each business unit is subject to different operational issues and strategies due to its particular regional location.
The Company’s chief operating decision maker (“CODM”) evaluates performance and allocates resources based on gross
profit and income from operations. The Company has designated its Chief Executive Officer as the CODM.

Segment
assets include all assets attributable to operations within the respective geographic regions, including cash, accounts receivable, revenue
in excess of billings, 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.

Prior
year results have been restated to conform to the current year presentation, reflecting the use of gross profit and income from operations
as