Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1937

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 9C
Chunk 1937
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 lease payments under capital leases as of June 30, 2025:

 SCHEDULE OF AGGREGATE MINIMUM FUTURE LEASE PAYMENTS UNDER CAPITAL LEASES

    Amount 
  
    Minimum
    Lease Payments 

    Within
    year 1 
    $27,582 
  
    Within
    year 2 
     91,896 
  
    Within
    year 3 
     6,162 
  
    Total
    Minimum Lease Payments 
     125,640 
  
    Interest
    Expense relating to future periods 
     (24,135)
  
    Present
    Value of minimum lease payments 
     101,505 
  
    Less:
    Current portion 
     (13,855)
  
    Non-Current
    portion 
    $87,650 

Following
is the aggregate future long term debt payments, which consists of “Sale and Leaseback Financing (8)”, as of June 30, 2025:

 SCHEDULE OF AGGREGATE FUTURE LONG TERM DEBT PAYMENTS

    Amount 
  
    Loan
    Payments 

    Within
    year 1 
    $29,660 
  
    Within
    year 2 
     23,128 
  
    Within year 3 
     23,830 
  
    Total
    Loan Payments 
     76,618 
  
    Less:
    Current portion 
     (29,660)
  
    Non-Current
    portion 
    $46,958 

NOTE
13 – INCOME TAXES

The
Company is incorporated in the State of Nevada and registered to do business in the State of California. The following is a breakdown
of income before the provision for income taxes:

Consolidated
pre-tax income (loss) consists of the following:

 SCHEDULE OF CONSOLIDATED PRE-TAX INCOME (LOSS)

    2025  
    2024 

    Years
    Ended June 30, 

    2025  
    2024 
  
    US
    operations 
    $1,099,957  
    $(1,719,058)
  
    Foreign
    operations 
     4,947,300  
     4,942,505 
  
    Net income before income
    taxes 
    $6,047,257  
    $3,223,447 

    F-30