Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 77

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 8
Chunk 77
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,655  
     - 

     6,270,934  
     6,261,250  
     9,684 
  
    Subsidiary
    Finance Leases 
    (10) 
     100,962  
     14,875  
     86,087 

    $6,371,896  
    $6,276,125  
    $95,771 

(1)The Company finances
Directors’ and Officers’ (“D&O”) liability insurance and Errors and Omissions (“E&O”) liability
insurance, for which the D&O and E&O balances are renewed on an annual basis and, as such, are recorded in current maturities.
The interest rates on these financings range from 8.4% to 11.6% and 8.6% to 10.9% as of June 30, 2025 and 2024, respectively.

    F-28

NETSOL
TECHNOLOGIES, INC.

Notes
to Consolidated Financial Statements

June
30, 2025 and 2024

(2)The
                                                                                                                                                                                          Company has an uncommitted discretionary demand line of credit up to an aggregate amount of $1,000,000
                                                                                                                                                                                          with HSBC, secured by a lien on the Company’s assets. The annual interest rate was
                                                                                                                                                                                          7.75% and 8.75%
                                                                                                                                                                                          as of June 30, 2025 and 2024, respectively. The total outstanding balance as of June 30, 2025 and 2024, was $405,000
                                                                                                                                                                                          and $nil,
                                                                                                                                                                                          respectively.

(3)The Company’s
subsidiary, NTE, has an overdraft facility with HSBC Bank plc whereby the bank would cover any overdrafts up to £300,000, or approximately
$410,959. The annual interest rate was 8.5% and 9.5% as of June 30, 2025 and 2024, respectively. The total outstanding balance as of
June 30, 2025 and 2024 was £nil.

This overdraft facility
                                                                                                                                                             requires that the aggregate amount of invoiced trade debtors (net of provisions for bad and doubtful debts and excluding intra-group
                                                                                                                                                             debtors) of NTE, not exceeding 90 days old,