NETSOL Technologies, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity

Stockholders' Equity	12 Months Ended
Jun. 30, 2019
Equity [Abstract]
Stockholders' Equity	NOTE 17 - STOCKHOLDERS’ EQUITY During the years ended June 30, 2019 and 2018, the Company issued 41,482 and 60,536 shares of common stock, respectively, for services rendered by officers of the Company. These shares were valued at the fair market value of $252,655 and $376,697, respectively, and recorded as compensation expense in the accompanying consolidated financial statements. During the years ended June 30, 2019 and 2018, the Company issued 35,723 and 37,212 shares of common stock respectively, for services rendered by the independent members of the Board of Directors as part of their board compensation. These shares were valued at the fair market value of $201,246 and $207,783, respectively, and recorded as compensation expense in the accompanying consolidated financial statements. During the years ended June 30, 2019 and 2018, the Company issued 112,992 and 211,816 shares of common stock, respectively, to employees pursuant to the terms of their employment agreements. These shares were valued at the fair market value of $686,109 and $1,273,965, respectively, and recorded as compensation expense in the accompanying consolidated financial statements. During the years ended June 30, 2019 and 2018, the Company collected subscription receivable of $0 and $76,511, respectively, related to the exercise of stock options in previous years. During the years ended June 30, 2019 and 2018, the Company received $85,000 and $235,800, respectively pursuant to a stock option agreement for the exercise of 13,076 and 60,773 shares of common stock, respectively at $6.50 and $3.88 per share, respectively. During the year ended June 30, 2018, the Company issued 112,747 shares of common stock for the cashless exercise of options pursuant to stock option agreements, and canceled 247,151 options which will be available for re-issuance in the future. During the years ended June 30, 2019 and 2018, the Company purchased 41,650 and 171,074 shares of its common stock from the open market at an average price of $6.03 and $4.39 per share pursuant to the Company’s stock buy-back plan.

Stockholders' Equity

12 Months Ended

Jun. 30, 2019

NOTE 17 - STOCKHOLDERS’ EQUITY

During the years ended June 30, 2019 and 2018, the Company issued 41,482 and 60,536 shares of common stock, respectively, for services rendered by officers of the Company. These shares were valued at the fair market value of $252,655 and $376,697, respectively, and recorded as compensation expense in the accompanying consolidated financial statements.

During the years ended June 30, 2019 and 2018, the Company issued 35,723 and 37,212 shares of common stock respectively, for services rendered by the independent members of the Board of Directors as part of their board compensation. These shares were valued at the fair market value of $201,246 and $207,783, respectively, and recorded as compensation expense in the accompanying consolidated financial statements.

During the years ended June 30, 2019 and 2018, the Company issued 112,992 and 211,816 shares of common stock, respectively, to employees pursuant to the terms of their employment agreements. These shares were valued at the fair market value of $686,109 and $1,273,965, respectively, and recorded as compensation expense in the accompanying consolidated financial statements.

During the years ended June 30, 2019 and 2018, the Company collected subscription receivable of $0 and $76,511, respectively, related to the exercise of stock options in previous years.

During the years ended June 30, 2019 and 2018, the Company received $85,000 and $235,800, respectively pursuant to a stock option agreement for the exercise of 13,076 and 60,773 shares of common stock, respectively at $6.50 and $3.88 per share, respectively.

During the year ended June 30, 2018, the Company issued 112,747 shares of common stock for the cashless exercise of options pursuant to stock option agreements, and canceled 247,151 options which will be available for re-issuance in the future.

During the years ended June 30, 2019 and 2018, the Company purchased 41,650 and 171,074 shares of its common stock from the open market at an average price of $6.03 and $4.39 per share pursuant to the Company’s stock buy-back plan.