NETSOL Technologies, Inc. Quarterly report [Sections 13 or 15(d)]

ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 2025

The Company’s financial assets that were measured at fair value on a recurring basis as of December 31, 2025, were as follows:

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billings - long term	$	-	$	-	$	763,396	$	763,396
Total	$	-	$	-	$	763,396	$	763,396

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 December 31, 2025 is as follows:

	Revenues in excess of billings - long term			Fair value discount			Total
Balance at June 30, 2025	$	1,111,803		$	(208,037	)	$	903,766
Amortization during the period		-			37,318			37,318
Transfers to short term		(160,295	)		-			(160,295	)
Effect of Translation Adjustment		(17,483	)		90			(17,393	)
Balance at December 31, 2025	$	934,025		$	(170,629	)	$	763,396