Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 33

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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NETSOL
TECHNOLOGIES, INC.

Notes
to Condensed Consolidated Financial Statements

March
31, 2025

(Unaudited)

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

 SCHEDULE OF SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION RELATED TO LEASES

    2025  
    2024 

    For the Nine Months 

    Ended
    March 31, 

    2025  
    2024 

    Operating
    cash flows related to operating leases 
    $280,336  
    $230,943 

    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,