Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 114

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 4
Chunk 114
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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 December 31, 2024, 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 50

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 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.

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

None.

Item
3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

 Item 6. Exhibits

    31.1
    Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (CEO)
  
    31.2
    Certification pursuant to Section 302 of the