Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 56

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 8
Chunk 56
---
 fair value due to their relatively short maturities.

The
three levels of valuation hierarchy are defined as follows:

    Level
    1:
    Valuations
    consist of unadjusted quoted prices in active markets for identical assets and liabilities and has the highest priority.

    Level
    2:
    Valuations
    rely on quoted prices in markets 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.

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
                                                                               bill