Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 108

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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 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 finance leases is included in depreciation expense for the three months ended
March 31, 2025 and 2024.

    Page 26

NETSOL
                                            TECHNOLOGIES, INC.

Notes
to Condensed Consolidated Financial Statements

March
31, 2025

(Unaudited)

Following
are the aggregate minimum future lease payments under finance leases as of March 31, 2025:

 SCHEDULE OF AGGREGATE MINIMUM FUTURE LEASE PAYMENTS UNDER CAPITAL LEASES

    Amount 
  
    Minimum Lease Payments 

    Within year
    1 
    $26,081 
  
    Within year 2 
     93,012 
  
    Within
    year 3 
     6,431 
  
    Total Minimum Lease Payments 
     125,524 
  
    Interest Expense relating
    to future periods 
     (25,486)
  
    Present Value of minimum lease payments 
     100,038 
  
    Less:  Current
    portion 
     (13,238)
  
    Non-Current portion 
    $86,800 

Following
are the aggregate future long term debt payments as of March 31, 2025 which consists of “Sale and Leaseback Financing (8)”.

 SCHEDULE OF AGGREGATE FUTURE LONG TERM DEBT PAYMENTS

    Amount 
  
    Loan Payments 

    Within year
    1 
    $18,980 
  
    Within
    year 2 
     - 
  
    Total Loan Payments 
     18,980 
  
    Less: Current portion 
     (18,980)
  
    Non-Current portion 
    $- 

NOTE
13 - STOCKHOLDERS’ EQUITY

During
the three and nine months ended March 31, 2025, the Company issued nil and 29,124 shares of common stock for services rendered by the
independent members of the Board of Directors as part of their board compensation. These shares were valued at the fair market value
of $nil and $79,500, respectively. The Company grants share-based compensation to its independent Board of Directors as part of their
service compensation. These awards are typically settled in shares under the Company