Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 466

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1B
Chunk 466
---

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.

NOTE
10 – GOODWILL

Goodwill
represents the excess of the aggregate purchase price over the fair value of the net assets acquired in prior period business combinations.
Goodwill was comprised of the following amounts:

 SCHEDULE OF GOODWILL ACQUIRED

    As
    of  
    As
    of 
  
    Entity
    (Segment) 
    June
    30, 2025  
    June
    30, 2024 
  
    NetSol
    PK (Asia - Pacific) 
    $1,166,610  
    $1,166,610 
  
    NTE
    (Europe) 
     3,471,814  
     3,471,814 
  
    NTA
    (North America) 
     4,664,100  
     4,664,100 
  
    Total 
    $9,302,524  
    $9,302,524 

    F-27

NETSOL
TECHNOLOGIES, INC.

Notes
to Consolidated Financial Statements

June
30, 2025 and 2024

NOTE
11 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts
payable and accrued expenses consisted of the following:

 SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES

    As
    of  
    As
    of 

    June
    30, 2025  
    June
    30, 2024 
  
    Accounts
    Payable 
    $981,504  
    $1,426,930 
  
    Accrued
    Liabilities 
     4,502,366  
     4,323,662 
  
    Accrued
    Payroll 
     1,313,127  
     1,392,112 
  
    Accrued
    Payroll Taxes 
     329,618  
     215,197 
  
    Taxes
    Payable 
     600,199  
     634,035 
  
    Other
    Payable 
     284,030  
     240,