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

ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 2022

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

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billings - long term	$	-	$	-	$	604,358	$	604,358
Total	$	-	$	-	$	604,358	$	604,358

The Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2022, were as follows:

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billings - long term	$	-	$	-	$	853,601	$	853,601
Total	$	-	$	-	$	853,601	$	853,601

The reconciliation from June 30, 2022 to December 31, 2022 is as follows:

	Revenues in excess of billings - long term			Fair value discount			Total
Balance at June 30, 2022	$	881,940		$	(28,339	)	$	853,601
Amortization during the period		-			18,657			18,657
Transfers to short term		(268,116	)		-			(268,116	)
Effect of Translation Adjustment		(90	)		306			216
Balance at December 31, 2022	$	613,734		$	(9,376	)	$	604,358