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

ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2024

The Company’s financial assets that were measured at fair value on a recurring basis as of September 30, 2024, were as follows:

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billings - long term	$	-	$	-	$	866,388	$	866,388
Total	$	-	$	-	$	866,388	$	866,388

The Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2024, are as follows:

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billings - long term	$	-	$	-	$	954,029	$	954,029
Total	$	-	$	-	$	954,029	$	954,029

The reconciliation from June 30, 2024 to September 30, 2024 is as follows:

	Revenues in excess of billings - long term			Fair value discount			Total
Balance at June 30, 2024	$	1,106,475		$	(152,446	)	$	954,029
Amortization during the period		-			18,367			18,367
Transfers to short term		(206,964	)		-			(206,964	)
Effect of Translation Adjustment		100,744			212			100,956
Balance at September 30, 2024	$	1,000,255		$	(133,867	)	$	866,388