Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 76

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 8
Chunk 76
---
 EXPENSES

    As
    of  
    As
    of 

    June
    30, 2025  
    June
    30, 2024 
  
    Accounts
    Payable 
    $981,504  
    $1,426,930 
  
    Accrued
    Liabilities 
     4,502,366  
     4,323,662 
  
    Accrued
    Payroll 
     1,313,127  
     1,392,112 
  
    Accrued
    Payroll Taxes 
     329,618  
     215,197 
  
    Taxes
    Payable 
     600,199  
     634,035 
  
    Other
    Payable 
     284,030  
     240,406 
  
    Total 
    $8,010,844  
    $8,232,342 

NOTE
12 – DEBTS

Notes
payable and capital leases consisted of the following:

 SCHEDULE OF COMPONENTS OF NOTES PAYABLE AND CAPITAL LEASES

    As
    of June 30, 2025 

    Current  
    Long-Term 
  
    Name 
      
    Total  
    Maturities  
    Maturities 

    D&O
    Insurance 
    (1) 
    $119,542  
    $119,542  
    $- 
  
    Line
    of Credit 
    (2) 
     405,000  
     405,000  
     - 
  
    Bank
    Overdraft Facility 
    (3) 
     -  
     -  
     - 
  
    Loan
    Payable Bank - Export Refinance 
    (4) 
     1,759,634  
     1,759,634  
     - 
  
    Loan
    Payable Bank - Running Finance 
    (5) 
     -  
     -  
     - 
  
    Loan
    Payable Bank - Export Refinance II 
    (6) 
     1,337,322  
     1,337,322  
     - 
  
    Loan
    Payable Bank - Export Refinance III 
    (7) 
     4