NOTE 13 - INTANGIBLE ASSETS

Intangible assets consisted of the following:

 SCHEDULE OF INTANGIBLE ASSETS

(A) Product Licenses

Product licenses include internally developed original license issues, renewals, enhancements, copyrights, trademarks, and trade names. Product licenses are amortized on a straight-line basis over their respective lives, and the unamortized amount of $2,178,128 will be amortized over the next 1.5 years. Amortization expense for the three and nine months ended March 31, 2022 was $407,111 and $1,261,664, respectively. Amortization expense for the three and nine months ended March 31, 2021 was $455,988 and $1,338,625, respectively.

(B) Future Amortization

Estimated amortization expense of intangible assets is as follows:

 SUMMARY OF ESTIMATED AMORTIZATION EXPENSE OF INTANGIBLE ASSETS

NETSOL TECHNOLOGIES, INC.

Notes to Condensed Consolidated Financial Statements

March 31, 2022

(Unaudited)