Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 741

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 2
Chunk 741
---
,153  
     -  
     -  
     2,229,067  
     5,454,383  
     -  
     4,475,356  
     857,218  
     2,491,606  
     3,599,965 

    Total 
    $61,393,091  
    $20,747,744  
    $3,636,153  
    $4,853,541  
    $11,967,802  
    $2,229,067  
    $5,454,383  
    $1,080,256  
    $4,475,356  
    $857,218  
    $2,491,606  
    $3,599,965 
  
    Revenue 
    $61,393,091  
    $20,747,744  
    $3,636,153  
    $4,853,541  
    $11,967,802  
    $2,229,067  
    $5,454,383  
    $1,080,256  
    $4,475,356  
    $857,218  
    $2,491,606  
    $3,599,965 

    F-40

NETSOL
TECHNOLOGIES, INC.

Notes
to Consolidated Financial Statements

June
30, 2025 and 2024

NOTE
18– BUSINESS COMBINATIONS AND COMMON CONTROL TRANSACTIONS

In
July 2024, NTA, a wholly owned subsidiary of NetSol Technologies, Inc. (“NTI”), entered into a share purchase agreement with
NTI and the remaining minority shareholders to acquire all issued and outstanding shares of OTOZ®. In March 2025, NTA
filed the merger documents with the respective state agencies with an effective date of April 1, 2025.

The
transaction occurred between entities under common control. Accordingly, all assets and liabilities of OTOZ® were transferred
to NTA at their carrying amounts, and no gain or loss was recognized as a result of the transaction. This merger did not result in any
change to the consolidated accounting for the assets and liabilities transferred, as both entities were controlled by NTI before and
after the transaction. The transaction was accounted for