Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 30

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 COMPONENTS OF LEASE COST

    2024  
    2023  
    2024  
    2023 

    For the Three Months
Ended December 31,  
    For the Six Months
Ended December 31, 

    2024  
    2023  
    2024  
    2023 

    Amortization of finance lease assets 
    $7,720  
    $2,365  
    $21,597  
    $4,661 
  
    Interest on finance lease obligation 
     2,907  
     770  
     5,994  
     1,639 
  
    Operating lease cost 
     98,492  
     98,309  
     198,338  
     205,342 
  
    Short term lease cost 
     60,477  
     40,216  
     110,040  
     81,224 
  
    Sub lease income 
     (8,514) 
     (8,199) 
     (16,920) 
     (16,605)
  
    Total lease cost 
    $161,082  
    $133,461  
    $319,049  
    $276,261 

Lease term and discount rate
were as follows:

SCHEDULE OF LEASE TERM AND DISCOUNT RATE 

    As of  
    As of 

    December 31, 2024  
    June 30, 2024 

    Weighted average remaining lease term - Operating leases 
      1.59 Years  
      1.99 Years 

    Weighted average discount rate - Operating leases 
     4.5% 
     4.5%

    Page 22

NETSOL
TECHNOLOGIES, INC. 

Notes
to Condensed Consolidated Financial Statements 

December
31, 2024 

(Unaudited)

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

SCHEDULE OF SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION RELATED TO LEASES 

    2024  
    2023 

    For the Six Months 

    Ended December 31, 

    2024  
    2023