Company: NTWK
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021835
Chunk: 31

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 lease arrangements expiring in various years through 2028. The assets and liabilities under finance
leases are recorded at the lower of the present value of the minimum lease payments or the fair value of the asset. The assets are secured
by the assets themselves. Depreciation of assets under finance leases is included in depreciation expense for the three months ended
September 30, 2025 and 2024.

    Page 22

NETSOL
TECHNOLOGIES, INC.

Notes
to Condensed Consolidated Financial Statements

September
30, 2025

(Unaudited)

Following
are the aggregate minimum future lease payments under finance leases as of September 30, 2025:

 SCHEDULE OF AGGREGATE MINIMUM FUTURE LEASE PAYMENTS UNDER CAPITAL LEASES

    Amount 
  
    Minimum Lease Payments 

    Within year 1 
    $26,300 
  
    Within year 2 
     84,402 
  
    Within year 3 
     5,868 
  
    Total Minimum Lease Payments 
     116,570 
  
    Interest Expense relating to future periods 
     (19,685)
  
    Present Value of minimum lease payments 
     96,885 
  
    Less: Current portion 
     (13,698)
  
    Non-Current portion 
    $83,187 

The
following are the aggregate future long-term debt payments as of September 30, 2025 which consist of “Sale and Leaseback Financing
(9)”.

 SCHEDULE OF AGGREGATE FUTURE LONG TERM DEBT PAYMENTS

    Amount 
  
    Loan Payments 

    Within year 1 
    $68,923 
  
    Within year 2 
     72,359 
  
    Within year 3 
     62,624 
  
    Total Loan Payments 
     203,906 
  
    Less: Current portion 
     (68,923)
  
    Non-Current portion 
    $134,983 

NOTE
13 - STOCKHOLDERS’ EQUITY

During
the three months ended September 30, 2025, the Company issued 7,581 shares of common stock, respectively, to the independent Board of
Directors as part of their board compensation. The grant date fair value was $36,000 and was recorded as compensation expense in the
accompanying consolidated financial statements.

During
the three months ended