Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 472

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1B
Chunk 472
---
The Company leases
various fixed assets under capital lease arrangements expiring in various years through 2028. The assets and liabilities under capital
leases are recorded at the lower of the present value of the minimum lease payments or the fair value of the asset. The assets are secured
by the assets themselves. Depreciation of assets under capital leases is included in depreciation expense for the years ended June 30,
2025 and 2024.

    F-29

NETSOL
TECHNOLOGIES, INC.

Notes
to Consolidated Financial Statements

June
30, 2025 and 2024

Following
is the aggregate minimum future 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)