Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1635

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 9
Chunk 1635
---
 of  
    As of 

    June
    30, 2025  
    June
    30, 2024 

    Prepaid Expenses 
    $1,760,321  
    $1,314,524 
  
    Advance Income Tax 
     406,221  
     300,368 
  
    Employee Advances 
     151,355  
     165,264 
  
    Security Deposits 
     159,849  
     199,633 
  
    Other Receivables 
     410,489  
     258,880 
  
    Other Assets 
     315,233  
     362,117 
  
    Net Balance 
    $3,203,468  
    $2,600,786 

    F-23

NETSOL
                                            TECHNOLOGIES, INC.

Notes
to Consolidated Financial Statements

June
30, 2025 and 2024

NOTE
7 – REVENUES IN EXCESS OF BILLINGS – LONG TERM

Revenues
in excess of billings, net consisted of the following:

 SCHEDULE OF REVENUE IN EXCESS OF BILLING

    As of  
    As of 

    June
    30, 2025  
    June
    30, 2024 

    Revenues in excess of billings
    - long term 
    $1,111,803  
    $1,106,475 
  
    Present value discount 
     (208,037) 
     (152,446)
  
    Net
    Balance 
    $903,766  
    $954,029 

Pursuant
to revenue recognition for contract accounting, the Company had recorded revenues in excess of billings long-term for amounts billable
after one year. During the years ended June 30, 2025 and 2024, the Company accreted $73,066 and $42,814, respectively, which was recorded
in interest income for that period. The Company used the discounted cash flow method with interest rates ranging from 4.2% to 17.5%,
for the year ended June 30, 2025 and 2024.

NOTE
8 - PROPERTY AND EQUIPMENT

Property
and equipment consisted of the following:

 SCHEDULE OF PROPERTY AND EQUIPMENT

    As of  
    As of