Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 32

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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, Current 
    $475,888  
    $608,202 

    Non-current 

    Operating 
     422,350  
     688,749 
  
    Operating, Noncurrent 
     422,350  
     688,749 

    Total Lease Liabilities 
    $898,238  
    $1,296,951 

The
components of lease cost were as follows:

 SCHEDULE OF COMPONENTS OF LEASE COST

    2025  
    2024  
    2025  
    2024 

    For the Three Months  
    For the Nine Months 

    Ended
    March 31,  
    Ended
    March 31, 

    2025  
    2024  
    2025  
    2024 

    Amortization
    of finance lease assets 
    $7,584  
    $3,963  
    $29,181  
    $8,624 
  
    Interest on finance lease
    obligation 
     7,584  
     1,434  
     13,578  
     3,073 
  
    Operating lease cost 
     97,891  
     99,201  
     296,229  
     304,543 
  
    Short term lease cost 
     51,551  
     41,087  
     161,591  
     122,311 
  
    Sub
    lease income 
     (8,406) 
     (8,406) 
     (25,326) 
     (25,011)
  
    Total
    lease cost 
    $156,204  
    $137,279  
    $475,253  
    $413,540 

Lease
term and discount rate were as follows:

 SCHEDULE OF LEASE TERM AND DISCOUNT RATE

    As of  
    As of 

    March
    31, 2025  
    June
    30, 2024 
  
    Weighted
    average remaining lease term - Operating leases 
      1.57
                                            Years  
      1.99
                                            Years 

    Weighted average
    discount rate - Operating leases 
     4.7%