Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 2348

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 15
Chunk 2348
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 and are less observable and thus have the lowest priority.

The
Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2025, are as follows:

SCHEDULE
OF FAIR VALUE OF FINANCIAL ASSETS MEASURED ON RECURRING BASIS

    Level
    1  
    Level
    2  
    Level
    3  
    Total
    Assets 
  
    Revenues
    in excess of billings - long term 
    $-  
    $-  
    $903,766  
    $903,766 
  
    Total 
    $    -  
    $   -  
    $903,766  
    $903,766 

The
Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2024, are as follows:

    Level
    1  
    Level
    2  
    Level
    3  
    Total
    Assets 
  
    Revenues
    in excess of billings - long term 
    $-  
    $-  
    $954,029  
    $954,029 
  
    Total 
    $      -  
    $      -  
    $954,029  
    $954,029 

    F-13

NETSOL
TECHNOLOGIES, INC.

Notes
to Consolidated Financial Statements

June
30, 2025 and 2024

The
reconciliation for the years ended June 30, 2025 and 2024 is as follows:

SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS RECONCILIATION

    Revenues
                                            in excess of
                                                                               billings
                                            - long term  
    Fair
    value discount  
    Total 
  
    Balance
    at June 30, 2023 
    $-  
    $-  
    $- 
  
    Additions 
     1,107,853  
     (194,827) 
     913,026 
  
    Amortization
    during the period 
     -  
     42,814  
     42,814 
  
    Effect
    of Translation Adjustment 
     (1,378) 
     (433)