Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 17

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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    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 12

NETSOL
                                            TECHNOLOGIES, INC.

Notes
to Condensed Consolidated Financial Statements

March
31, 2025

(Unaudited)

The
Company’s financial assets that were measured at fair value on a recurring basis as of March 31, 2025, 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 
    $-  
    $-  
    $697,486  
    $697,486 
  
    Total 
    $-  
    $-  
    $697,486  
    $697,486 

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 March 31, 2025 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 
     -  
     54,833  
     54,833 
  
    Transfers to short term 
     (310,446) 
     -