NETSOL Technologies, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

6 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 9 - PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT

	As of			As of
	December 31, 2025			June 30, 2025

Office Furniture and Equipment	$	2,521,350		$	2,437,002
Computer Equipment		9,657,439			9,513,181
Assets Under Capital Leases		143,590			145,197
Building		3,577,671			3,532,475
Land		906,761			894,698
Autos		1,884,839			1,603,271
Improvements		222,339			217,230
Subtotal		18,913,989			18,343,054
Accumulated Depreciation		(13,728,225	)		(13,269,682	)
Property and Equipment, Net	$	5,185,764		$	5,073,372

For the three and six months ended December 31, 2025, depreciation expense totaled $299,746 and $624,352, respectively. Of these amounts, $190,066 and $398,797, respectively, are reflected in cost of revenues. For the three and six months ended December 31, 2024, depreciation expense totaled $372,585 and $738,582, respectively. Of these amounts, $237,882 and $466,432, respectively, are reflected in cost of revenues.

Following is a summary of fixed assets held under finance leases as of December 31, 2025 and June 30, 2025:

	As of			As of
	December 31, 2025			June 30, 2025
Vehicles	$	143,590		$	145,197
Total		143,590			145,197
Less: Accumulated Depreciation - Net		(64,598	)		(47,807	)
	$	78,992		$	97,390

Finance lease term and discount rate were as follows:

SCHEDULE OF FINANCE LEASE TERM

	As of			As of
	December 31, 2025			June 30, 2025

Weighted average remaining lease term - Finance leases		1.25 Years			1.75 Years

Weighted average discount rate - Finance leases		11.3	%		11.3	%

NETSOL TECHNOLOGIES, INC.

Notes to Condensed Consolidated Financial Statements

December 31, 2025

(Unaudited)