Company: NTWK
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021835
Chunk: 11

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 11
---
 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.

    Page 10

NETSOL
TECHNOLOGIES, INC.

Notes
to Condensed Consolidated Financial Statements

September
30, 2025

(Unaudited)

The
Company’s financial assets that were measured at fair value on a recurring basis as of September 30, 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 
    $    -  
    $    -  
    $881,053  
    $881,053 
  
    Total 
    $-  
    $-  
    $881,053  
    $881,053 

The
Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2025, are as follows:

    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
reconciliation from June 30, 2025 to September 30, 2025 is as follows:

 SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS RECONCILIATION

    Revenues in excess of
                                                                               billings - long term  
    Fair
    value discount