Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 966

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 4
Chunk 966
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    2025  
    2024 

    Operating
    cash flows related to operating leases 
    $364,956  
    $322,953 

    Operating
    cash flows related to finance leases 
    $11,841  
    $6,203 

    Financing
    cash flows related finance leases 
    $15,109  
    $25,477 

Maturities
of operating lease liabilities were as follows as of June 30, 2025:

 SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

    Amount 
  
    Within
    year 1 
    $468,065 
  
    Within
    year 2 
     243,590 
  
    Within
    year 3 
     111,053 
  
    Within
    year 4 
     465 
  
    Total
    Lease Payments 
     823,173 
  
    Less:
    Imputed interest 
     (56,557)
  
    Present
    Value of lease liabilities 
     766,616 
  
    Less:
    Current portion 
     (433,242)
  
    Non-Current
    portion 
    $333,374 

The
Company is a lessor for certain office space leased by the Company and sub-leased to others under non-cancellable leases. These lease
agreements provide for a fixed base rent and terminate by January 2027. All leases are considered operating leases. There are no rights
to purchase the premises and no residual value guarantees. For the years ended June 30, 2025 and 2024, the Company received lease
income of $34,180 and $33,417, respectively.

NOTE
10 – GOODWILL

Goodwill
represents the excess of the aggregate purchase price over the fair value of the net assets acquired in prior period business combinations.
Goodwill was comprised of the following amounts:

 SCHEDULE OF GOODWILL ACQUIRED

    As
    of  
    As
    of 
  
    Entity
    (Segment) 
    June
    30, 2025  
    June
    30, 2024 
  
    NetSol
    PK (Asia - Pacific) 
    $1,166,610  
    $1,166,610 
  
    NTE
    (Europe) 
     3,471,