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

ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2022

The Company’s financial assets that were measured at fair value on a recurring basis as of March 31, 2022, were as follows:

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billings - long term	$	-	$	-	$	993,862	$	993,862
Total	$	-	$	-	$	993,862	$	993,862

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 March 31, 2022 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		-		28,587			28,587
Effect of Translation Adjustment		7,813		(141	)		7,672
Balance at March 31, 2022	$	1,032,195	$	(38,333	)	$	993,862