Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 185

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 3
Chunk 185
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None.

Item
4. Controls and Procedures 

Evaluation
of Disclosure Controls and Procedures 

Our
management, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure
controls and procedures pursuant to Rule 13a-15 under the Exchange Act, as of the end of the period covered by this Quarterly Report
on Form 10-Q. Based upon that evaluation, the Chief Financial Officer and Chief Executive Officer concluded that our disclosure controls
and procedures were effective.

Changes
in Internal Control over Financial Reporting 

There
were no changes in our internal controls over financial reporting during the three months ended March 31, 2025, that have materially
affected, or are reasonable likely to materially affect, the Company’s internal control over financial reporting (as defined in
Exchange Act Rules 13a – 15(f) and 15d – 15(f)).

Page 51

PART
II OTHER INFORMATION

Item
1. Legal Proceedings

NA

Item
1A. Risk Factors

Other
than stated below, as of the date of this Quarterly Report on Form 10-Q, there have been no material changes from the risk factors disclosed
in our Annual Report on Form 10-K for the year ended June 30, 2024, filed with the SEC on September 30, 2024. Any of such factors could
result in a significant or material adverse effect on our result of operations or financial conditions. Additional risk factors not presently
known to us or that we currently deem immaterial may also impair our business or results of operations. We may disclose changes to such
factors or disclose additional factors from time to time in our future filings with the SEC.

The
imposition of tariffs on China and threatened tariffs on other US trading partners may affect the price of consumer goods including vehicles
amongst others, negatively affecting the profitability of many of our customers. Unilateral trade actions by the US may also result in
companies from affected countries being unwilling to enter into agreements with US based or owned companies resulting in a potential
decline in revenue.

Recent
escalation of hostilities between India and Pakistan may lead to instability in the region impacting our subsidiary in Lahore, Pakistan.
While the Company has instituted disaster recovery plans and created redundancies in operations and delivery, hostilities directly affecting
Lahore could have a negative impact on the Company.

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item
3. Defaults Upon