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PROPERTY AND EQUIPMENT
 3 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 9 - PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

  

As of

September 30, 2025

  

As of

June 30, 2025

 
         
Office Furniture and Equipment  $2,490,058   $2,437,002 
Computer Equipment   9,535,551    9,513,181 
Assets Under Capital Leases   143,494    145,197 
Building   3,553,010    3,532,475 
Land   900,179    894,698 
Autos   1,850,649    1,603,271 
Improvements   218,374    217,230 
Subtotal   18,691,315    18,343,054 
Accumulated Depreciation   (13,502,723)   (13,269,682)
Property and Equipment, Net  $5,188,592   $5,073,372 

 

For the three months ended September 30, 2025 and 2024, depreciation expense totaled $324,606 and $365,997, respectively. Of these amounts, $208,731 and $228,550, respectively, are reflected in cost of revenues.

 

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

 

  

As of

September 30, 2025

  

As of

June 30, 2025

 
Vehicles  $143,494   $145,197 
Total   143,494    145,197 
Less: Accumulated Depreciation - Net   (55,889)   (47,807)
Fixed assets held under capital leases, Total  $87,605   $97,390 

 

Finance lease term and discount rate were as follows:

 

   As of   As of 
   September 30, 2025   June 30, 2025 
         
Weighted average remaining lease term - Finance leases   1.5 Years    1.75 Years 
           
Weighted average discount rate - Finance leases   11.3%   11.3%

 

 

NETSOL TECHNOLOGIES, INC.

Notes to Condensed Consolidated Financial Statements

September 30, 2025

(Unaudited)