Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1437

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 7A
Chunk 1437
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44
                                            Years  
     1.99
                                            Years 

    Weighted
    average discount rate - Operating leases 
     4.8% 
     4.5%

    F-26

NETSOL
TECHNOLOGIES, INC.

Notes
to Consolidated Financial Statements

June
30, 2025 and 2024

Supplemental
disclosures of cash flow information related to leases were as follows:

 SCHEDULE OF SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION RELATED TO LEASES

    2025  
    2024 

    For
    the Years 

    Ended
    June 30, 

    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