Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 102

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 102
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    Operating cash flows
    related to finance leases 
    $8,833  
    $3,070 

    Financing cash flows
    related finance leases 
    $12,122  
    $20,180 

Maturities
of operating lease liabilities were as follows as of March 31, 2025:

 SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

    Amount 
  
    Within year
    1 
    $515,226 
  
    Within year 2 
     303,741 
  
    Within year 3 
     126,440 
  
    Within year 4 
     18,957 
  
    Within
    year 5 
     118 
  
    Total Lease Payments 
     964,482 
  
    Less: Imputed interest 
     (66,244)
  
    Present Value of lease liabilities 
     898,238 
  
    Less: Current portion 
     (475,888)
  
    Non-Current portion 
    $422,350 

The
Company is a lessor for certain office space leased by the Company and sub-leased to others under non-cancelable leases. These lease
agreements provide for a fixed base rent and are currently on a month-by-month basis. All leases are considered operating leases. There
are no rights to purchase the premises and no residual value guarantees. For the three and nine months ended March 31, 2025, the Company
received lease income of $8,406 and $25,326, respectively. For the three and nine months ended March 31, 2024, the Company received lease
income of $8,406 and $25,011, respectively.

    Page 24

NETSOL
                                            TECHNOLOGIES, INC.

Notes
to Condensed Consolidated Financial Statements

March
31, 2025

(Unaudited)

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 

    March
    31, 2025  
    June
    30, 2024 

    Accounts Payable 
    $1,093,855  
    $1,426,930 
  
    Accrued Liabilities