Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 41

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 41
---
 31,
    2025 
     -  
    $- 

For
the three and nine months ended March 31, 2025, the Company recorded compensation expense of $39,750 and $79,500, respectively. For the
three and nine months ended March 31, 2024, the Company recorded compensation expense of $39,750 and $128,300, respectively. The weighted
average grant date fair value is determined by the Company’s closing stock price on the grant date.

NOTE
14 – INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN

Common
stock purchase options consisted of the following:

 SCHEDULE OF COMMON STOCK PURCHASE OPTIONS

OPTIONS:

    #
    of shares  
    Weighted
                                                                               Average
                                                                               Exercise
                                            Price  
    Weighted
                                                                               Average
                                                                               Remaining
                                                                               Contractual
                                                                               Life
                                            (in years)  
    Aggregated
                                                                               Intrinsic
                                            Value 

    Outstanding and exercisable, June 30, 2024 
     250,000  
    $2.15  
     0.50  

    Granted 
     -  
     -  
     -  
     - 
  
    Exercised 
     (220,000) 
     2.15  
     -  
     - 
  
    Expired
    / Cancelled 
     (30,000) 
     2.15  
     -  
     - 
  
    Outstanding and exercisable, March 31,
    2025 
     -  
    $-  
     -  
    $- 

NOTE
15– OPERATING SEGMENTS 

The
Company has identified three segments for its products and services; North America, Europe and Asia-Pacific. Our reportable segments
are business units located in different global regions. Each business unit provides similar products and services; license fees for leasing
and asset-based software, related maintenance fees, and implementation and IT consulting services. Separate management of each segment
is required because each business unit is subject to different operational issues and strategies due to their particular regional location.
The Company accounts for intra-company sales and expenses as if the sales or expenses were to third parties and eliminates them in the
consolidation.

    Page 28

NETSOL
                                            TECHNOLOGIES, INC.

Notes
to Condensed