NETSOL Technologies, Inc. Quarterly report pursuant to Section 13 or 15(d)

Accounting Policies (Tables)

6 Months Ended

Dec. 31, 2019

The Company’s assets that were measured at fair value on a recurring basis as of December 31, 2019, were as follows:

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billing - long term	$	-	$	-	$	1,291,025	$	1,291,025
Total	$	-	$	-	$	1,291,025	$	1,291,025

The Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2019, were as follows:

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billing - long term	$	-	$	-	$	1,281,492	$	1,281,492
Total	$	-	$	-	$	1,281,492	$	1,281,492

The reconciliation from June 30, 2019 to December 31, 2019 is as follows:

	Revenues in excess of billing - long term			Fair value discount			Total
Balance at June 30, 2019	$	1,380,631		$	(99,139	)	$	1,281,492
Amortization during the period		-			27,681			27,681
Effect of Translation Adjustment		(19,808	)		1,660			(18,148	)
Balance at December 31, 2019	$	1,360,823		$	(69,798	)	$	1,291,025