Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 14

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 that are not
    active or observable inputs over the full term of the asset or liability.

    Level 3:
    Valuations are based on prices or third party or internal
    valuation models that require inputs that are significant to the fair value measurement and are less observable and thus have the
    lowest priority.

    Page 11

NETSOL
TECHNOLOGIES, INC. 

Notes
to Condensed Consolidated Financial Statements 

December
31, 2024 

(Unaudited)

The Company’s financial
assets that were measured at fair value on a recurring basis as of December 31, 2024, were 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 
    $     -  
    $     -  
    $777,428  
    $777,428 
  
    Total 
    $-  
    $-  
    $777,428  
    $777,428 

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 

The reconciliation from June
30, 2024 to December 31, 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, 2024 
    $1,106,475  
    $(152,446) 
    $954,029 
  
    Amortization during the period 
     -  
     36,734  
     36,734 
  
    Transfers to short term 
     (206,964)