Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 95

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 95
---
 - 
  
    Diluted income per share 
    $327,549  
     11,430,493  
    $0.03  
    $766,755  
     11,409,383  
    $0.07 

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 19

NETSOL
                                            TECHNOLOGIES, INC.

Notes
to Condensed Consolidated Financial Statements

March
31, 2025

(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 $46,253,619 and $45,935,616 as of March 31, 2025 and June 30, 2024, respectively.
During the three and nine months ended March 31, 2025, comprehensive income (loss) in the consolidated statements of comprehensive income
(loss) included a translation loss attributable to NetSol of $65,853 and $318,003, respectively. During the three and nine months ended
March 31, 2024, comprehensive income (loss) in the consolidated statements of comprehensive income (loss