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

ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 2021

The Company’s financial assets that were measured at fair value on a recurring basis as of December 31, 2021, were as follows:

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billings - long term	$	-	$	-	$	985,772	$	985,772
Total	$	-	$	-	$	985,772	$	985,772

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 December 31, 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		-		19,041			19,041
Effect of Translation Adjustment		9,460		(332	)		9,128
Balance at December 31, 2021	$	1,033,842	$	(48,070	)	$	985,772