v3.26.3
PROPERTY AND EQUIPMENT
 3 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 10 - PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

   As of   As of 
  

September 30, 2026

  

June 30, 2026

 
         
Office Furniture and Equipment  $2,948,903   $2,864,962 
Computer Equipment   9,960,273    9,780,261 
Assets Under Capital Leases   142,015    140,273 
Building   3,619,254    3,606,143 
Land   917,859    914,360 
Autos   2,327,541    2,349,412 
Improvements   268,206    267,292 
Subtotal   20,184,051    19,922,703 
Accumulated Depreciation   (14,633,418)   (14,239,201)
Property and Equipment, Net  $5,550,633   $5,683,502 

 

For the three months ended September 30, 2026 and 2025, depreciation expense totaled $310,724 and $324,606, respectively. Of these amounts, $194,796 and $208,731, respectively, are reflected in cost of revenues.

 

The following is a summary of fixed assets held under finance leases as of September 30, 2026 and June 30, 2026:

 

   As of   As of 
  

September 30,

2026

   June 30, 2026 
Vehicles  $142,015   $140,273 
Total   142,015    140,273 
Less: Accumulated Depreciation - Net   (89,469)   (79,973)
Fixed assets held under finance leases, Total   $52,546   $60,300 

 

Finance lease term and discount rate were as follows:

 

   As of   As of 
   September 30, 2026   June 30, 2026 
         
Weighted average remaining lease term - Finance leases   0.6 Years    0.75 Years 
           
Weighted average discount rate - Finance leases   11.5%   11.3%

 

 

NETSOL TECHNOLOGIES, INC.

Notes to Condensed Consolidated Financial Statements

September 30, 2026

(Unaudited)