Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 90

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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 services is recognized based on the stage of completion which is measured by reference to labor hours incurred to date as a
percentage of total estimated labor hours for each contract. Internet services are invoiced either monthly, quarterly, or half yearly
in advance to the customers and revenue is recognized ratably overtime on a monthly basis.

Disaggregated
Revenue

The
Company disaggregates revenue from contracts with customers by category — core and non-core, as it believes it best depicts how
the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.

    Page 15

NETSOL
                                            TECHNOLOGIES, INC.

Notes
to Condensed Consolidated Financial Statements

March
31, 2025

(Unaudited)

The
Company’s disaggregated revenue by category is as follows:

 SCHEDULE OF DISAGGREGATED REVENUE BY CATEGORY

    2025  
    2024  
    2025  
    2024 

    For the Three Months  
    For the Nine Months 

    Ended
    March 31,  
    Ended
    March 31, 

    2025  
    2024  
    2025  
    2024 
  
    Core: 

    License 
    $1,198  
    $558,340  
    $75,115  
    $4,829,242 
  
    Subscription and support 
     7,888,360  
     7,140,358  
     24,723,460  
     20,480,382 
  
    Services 
     8,265,745  
     6,477,849  
     19,664,970  
     15,566,480 
  
    Total core revenue, net 
     16,155,303  
     14,176,547  
     44,463,545  
     40,876,104 

    Non-Core: 

    Services 
     1,388,654  
     1,287,969  
     3,215,571  
     4,068,534 
  
    Total non-core revenue, net 
     1,388,654  
     1,287,969  
     3,215,571  
     4,068,