Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 32

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 32
---
 
     1,336,128  
     1,392,112 
  
    Accrued Payroll Taxes 
     191,462  
     215,197 
  
    Taxes Payable 
     267,422  
     634,035 
  
    Other Payable 
     234,344  
     240,406 
  
    Total 
    $7,332,560  
    $8,232,342 

    Page 23

NETSOL
TECHNOLOGIES, INC. 

Notes
to Condensed Consolidated Financial Statements 

December
31, 2024 

(Unaudited)

NOTE 12 – DEBTS

Notes payable and finance leases
consisted of the following:

SCHEDULE OF COMPONENTS OF NOTES PAYABLE AND CAPITAL LEASES 

    As of December 31, 2024 

    Current  
    Long-Term 
  
    Name 
      
    Total  
    Maturities  
    Maturities 

    D&O Insurance 
    (1) 
    $102,626  
    $102,626  
    $- 
  
    Line of Credit 
    (2) 
     405,000  
     405,000  
     - 
  
    Bank Overdraft Facility 
    (3) 
     -  
     -  
     - 
  
    Loan Payable Bank - Export Refinance 
    (4) 
     1,793,915  
     1,793,915  
     - 
  
    Loan Payable Bank - Running Finance 
    (5) 
     -  
     -  
     - 
  
    Loan Payable Bank - Export Refinance II 
    (6) 
     1,363,375  
     1,363,375  
     - 
  
    Loan Payable Bank - Export Refinance III 
    (7) 
     4,664,180  
     4,664,180  
     - 
  
    Sale and Leaseback Financing 
    (8) 
     31,589  
     31,589  
     - 
  
    Short Term Financing 
    (9) 
     410,959  
     410,959  
     -