Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1733

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 9A
Chunk 1733
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    Subtotal 
     18,343,054  
     17,569,089 
  
    Accumulated Depreciation 
     (13,269,682) 
     (12,462,247)
  
    Property and Equipment,
    Net 
    $5,073,372  
    $5,106,842 

For
the years ended June 30, 2025 and 2024, depreciation expense totaled $1,463,783 and $1,595,959, respectively. Of these amounts, $952,331
and $1,018,768, respectively, are reflected in cost of revenues.

Following
is a summary of fixed assets held under capital leases as of June 30, 2025 and 2024:

 SCHEDULE OF FIXED ASSETS HELD UNDER CAPITAL LEASES

    As of  
    As of 

    June 30, 2025  
    June 30, 2024 
  
    Vehicles 
    $145,197  
    $154,718 
  
    Total 
     145,197  
     154,718 
  
    Less: Accumulated Depreciation
    - Net 
     (47,807) 
     (25,078)
  
    Fixed assets held under
    capital leases, Total 
    $97,390  
    $129,640 

    F-24

NETSOL
                                            TECHNOLOGIES, INC.

Notes
to Consolidated Financial Statements

June
30, 2025 and 2024

Finance
lease term and discount rate were as follows:

 SCHEDULE OF FINANCE LEASE TERM

    As of  
    As of 

    June
    30, 2025  
    June
    30, 2024 
  
    Weighted
    average remaining lease term - Finance leases 
     1.75
                                            Years  
     2.75
                                            Years 

    Weighted average discount
    rate - Finance leases 
     11.3% 
     11.3%

NOTE
9 - LEASES

The
Company leases certain office space, office equipment and autos with remaining lease terms of 1 to 10 years under leases classified as
financing and operating. For certain leases, the Company has options to extend the lease term for additional periods ranging from 1 to
10