v3.26.1
PROPERTY AND EQUIPMENT
 9 Months Ended
Mar. 31, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 9 - PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

   As of   As of 
   March 31, 2026   June 30, 2025 
         
Office Furniture and Equipment  $2,796,062   $2,437,002 
Computer Equipment   9,663,469    9,513,181 
Assets Under Capital Leases   140,213    145,197 
Building   3,590,931    3,532,475 
Land   910,300    894,698 
Autos   2,088,849    1,603,271 
Improvements   266,418    217,230 
Subtotal   19,456,242    18,343,054 
Accumulated Depreciation   (13,897,833)   (13,269,682)
Property and Equipment, Net  $5,558,409   $5,073,372 

 

For the three and nine months ended March 31, 2026, depreciation expense totaled $307,416 and $931,771, respectively. Of these amounts, $192,897 and $591,694, respectively, are reflected in cost of revenues. For the three and nine months ended March 31, 2025, depreciation expense totaled $363,503 and $1,102,085, respectively. Of these amounts, $240,444 and $706,876, respectively, are reflected in cost of revenues.

 

 

NETSOL TECHNOLOGIES, INC.

Notes to Condensed Consolidated Financial Statements

March 31, 2026

(Unaudited)

 

Following is a summary of fixed assets held under finance leases as of March 31, 2026 and June 30, 2025:

 

   As of   As of 
   March 31, 2026   June 30, 2025 
Vehicles  $140,213   $145,197 
Total   140,213    145,197 
Less: Accumulated Depreciation - Net   (71,478)   (47,807)
Fixed assets held under finance leases, Total  $68,735   $97,390 

 

Finance lease term and discount rate were as follows:

 

   As of   As of 
   March 31, 2026   June 30, 2025 
           
Weighted average remaining lease term - Finance leases    1 Years      1.75 Years  
           
Weighted average discount rate - Finance leases   11.3%   11.3%