Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1732

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 9A
Chunk 1732
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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 

    June
    30, 2025  
    June
    30, 2024 

    Office Furniture and Equipment 
    $2,437,002  
    $2,352,940 
  
    Computer Equipment 
     9,513,181  
     8,679,791 
  
    Assets Under Capital Leases 
     145,197  
     154,718 
  
    Building 
     3,532,475  
     3,602,819 
  
    Land 
     894,698  
     913,473 
  
    Autos 
     1,603,271  
     1,658,961 
  
    Improvements 
     217,230  
     206,387