Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 24

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 24
---
    Net Income  
    Shares  
    Per Share 

    Basic income per share: 

    Net income 
    $408,316  
     11,372,819  
    $0.04  
    $439,206  
     11,359,338  
    $0.04 
  
    Effect of dilutive securities 

    Stock options 
     -  
     -  
     -  
     -  
     -  
     - 
  
    Diluted income per share 
    $408,316  
     11,372,819  
    $0.04  
    $439,206  
     11,359,338  
    $0.04 

NOTE 5 – OTHER
COMPREHENSIVE INCOME AND FOREIGN CURRENCY

The following
table represents the functional currencies of the Company and its subsidiaries:

SCHEDULE OF FOREIGN CURRENCY TRANSLATION 

    The Company and Subsidiaries
     
    Functional Currency

    NetSol Technologies, Inc.
     
    USD
  
    NTA
     
    USD
  
    Otoz 
     
    USD
  
    NTE
     
    British Pound
  
    AEL
     
    British Pound
  
    VLSH
     
    British Pound
  
    VLS
     
    British Pound
  
    VLSIL
     
    Euro
  
    NetSol PK
     
    Pakistan Rupee
  
    Connect
     
    Pakistan Rupee
  
    NetSol Innovation
     
    Pakistan Rupee
  
    NetSol Thai
     
    Thai Bhat
  
    Otoz Thai  
     
    Thai Bhat
  
    Australia
     
    Australian Dollar
  
    Namecet
     
    AED
  
    NetSol Beijing
     
    Chinese Yuan
  
    Tianjin
     
    Chinese Yuan

    Page 18

NETSOL
TECHNOLOGIES, INC. 

Notes
to Condensed Consolidated Financial Statements 

December
31, 2024 

(Unaudited)

Assets
and liabilities are translated at the exchange rate on the balance sheet date, and operating results are translated at the average exchange
rate throughout the period. Accumulated translation losses classified as an item of accumulated other comprehensive loss in the stockholders’
equity section of the consolidated balance sheet were