Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1228

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 6
Chunk 1228
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 years ended June 30, 2025 and 2024, the Company contributed $1,363,234 and $1,156,977, respectively,
to these plans.

    F-34

NETSOL
TECHNOLOGIES, INC.

Notes
to Consolidated Financial Statements

June
30, 2025 and 2024

NOTE
17 – SEGMENT INFORMATION AND GEOGRAPHIC AREAS 

The
Company has identified three segments for its products and services: North America, Europe, and Asia-Pacific. The 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, subscription and support 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 its particular regional location.
The Company’s chief operating decision maker (“CODM”) evaluates performance and allocates resources based on gross
profit and income from operations. The Company has designated its Chief Executive Officer as the CODM.

Segment
assets include all assets attributable to operations within the respective geographic regions, including cash, accounts receivable, revenue
in excess of billings, and property, plant, and equipment. Corporate assets, which primarily consist of cash and cash equivalents, goodwill,
and assets associated with the Company’s corporate headquarters, are not allocated to the geographic segments and are shown separately.

The
accounting policies of the reportable segments are the same as those described in Note 1, “Summary of Significant Accounting Policies.”
Intersegment revenues are eliminated in consolidation.

Prior
year results have been restated to conform to the current year presentation, reflecting the use of gross profit and income from operations
as the measures of segment performance evaluated by the CODM.

    F-35

NETSOL
TECHNOLOGIES, INC.

Notes
to Consolidated Financial Statements

June
30, 2025 and 2024

The
following tables present financial information by reportable segment for the year ended June 30, 2025:

 SCHEDULE
OF FINANCIAL INFORMATION BY REPORTABLE SEGMENT

    North
    America  
    Europe  
    Asia
    - Pacific  
    Total 

    For
    the Year Ended 

    June
    30, 2025 

    North
    America  
    Europe  
    Asia
    - Pacific  
    Total