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

Accounting Policies (Tables)

9 Months Ended

Mar. 31, 2018

The Company’s financial assets that are measured at fair value on a recurring basis as of March 31, 2018, are as follows:

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billing - long term	$	-	$	-	$	1,752,554	$	1,752,554
Total	$	-	$	-	$	1,752,554	$	1,752,554

The Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2017, were as follows:

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billing - long term	$	-	$	-	$	5,173,538	$	5,173,538
Total	$	-	$	-	$	5,173,538	$	5,173,538

The reconciliation from June 30, 2017 to March 31, 2018 is as follows:

	Revenues in excess of billing - long term			Fair value discount			Total
Balance at June 30, 2017	$	5,483,869		$	(310,331	)	$	5,173,538
Additions		2,432,244		$	(180,526	)		2,251,718
Transfers to short term		(5,850,000	)	$	-			(5,850,000	)
Amortization during the period		-			177,298			177,298
Balance at March 31, 2018	$	2,066,113		$	(313,559	)	$	1,752,554