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

ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2021

The Company’s financial assets that were measured at fair value on a recurring basis as of September 30, 2021, were as follows:

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billings - long term	$	-	$	-	$	969,456	$	969,456
Total	$	-	$	-	$	969,456	$	969,456

The Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2021, were as follows:

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billing - long term	$	-	$	-	$	957,603	$	957,603
Total	$	-	$	-	$	957,603	$	957,603

The reconciliation from June 30, 2021 to September 30, 2021 is as follows:

	Revenues in excess of billings - long term		Fair value discount			Total
Balance at June 30, 2021	$	1,024,382	$	(66,779	)	$	957,603
Amortization during the period		-		9,502			9,502
Effect of Translation Adjustment		2,452		(101	)		2,351
Balance at September 30, 2021	$	1,026,834	$	(57,378	)	$	969,456